Important announcement: Americas Tax Center Roundup moving to

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portant announcement: Americas Tax Center

Roundup moving to new EY delivery platform

The Americas Tax Center Roundup is now being sent out through EY’s Tax

News Update: Global Edition (GTNU) email subscription service. EY’s GTNU is

a free, personalized email subscription service that allows you to receive EY

Global Tax Alerts, newsletters, event notifications and Thought Leadership

published across all areas of tax (corporate, indirect, and personal).

For a short transitional period, we will be sending the ATC Roundup via both

the GTNU and the current email distribution system, but we urge you to

here) in order to continue receiving the Roundup.

If you have any questions, issues or comments, please email Global Tax News

Update Help at [email protected].

Latest news - Americas

US import tariffs on Mexico suspended indefinitely; tariff increase on certain

China goods delayed

On 7 June, President Trump announced that tariffs he had intended to impose on

Mexico would be suspended indefini tely. Eight days earlier, the President had

announced that 5% punitive tariffs would be imposed on all goods imported from

Mexico beginning 10 June, unless Mexico did more to curtail the illegal

immigration at the US-Mexico border. The tariffs would have increased 5% monthly

until reaching 25% on 1 October. With total imports from Mexico at approximately

US$346b, the immediate impact would have totaled approximately $17b. An EY

Global Alert is pending.

On 31 May, the US Trade Representative announced a limited extension to the

scheduled additional tariff increase for goods from China, from 10% to 25% for

certain goods covered by the Section 301 actions from 1 June to 15 June. A Tax

Alert provides details.

EY's 2018–19 Worldwide Transfer Pricing Guide now available

Transfer pricing rul es and regulations around the world continue to grow in

number and complexity. EY Worldwide Transfer Pricing Reference Guide 2018

-2019 is a publication designed to help international tax executives quickly identify

transfer pricing rules, practices and approaches.

EY's Worldwide VAT, GST and Sales Tax Guide 2019 available

While greatly accelerating the pace of tax legislation, the world's governments have

relied most heavily on indirect taxes for additional revenue. As a result, there is

increased risk that taxpayers may be caught unprepared. EY's Worldwide VAT, GST

and Sales Tax Guide provides country-by-country summaries of indirect tax

systems in 124 jurisdictions.

The outlook for global tax policy and controversy in 2019

The outlook for global tax policy and controversy in 2019 is a survey of EY tax policy

and controversy leaders in 48 jurisdictions. It covers known and forecasted tax

changes in each jurisdiction, spanning all key tax types and including specific

information on enforcement trends and key audit triggers.

EY publishes payroll-related guide for businesses expanding operations to the

United States

In this increasingly global economy, more businesses are expanding their

operations into the United States and raising questions about the employer

obligations they will face. A new publication, Employing staff in the US: A guide to

employer obligations, explains some of the relevant federal, state and local

requirements involved in maintaini ng a US workforce including wage taxes, worker

protections and immigration verification.

This week’s tax treaty news in the Americas

· Argentina and Japan: investment protection agreement approved by

Japanese House of Councillors

· Brazil and United Kingdom: exchange of information agreement entered into

force

10 June 2019

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Pad App Cor

porate Tax Guide &

Indirect Tax Guide

Downl oa d our free app via the the

iTunes store.

EY Thought Center Podcasts

and Webcasts

General EY Publications

• Outlook for global tax policy and

controversy in 2019 | 9th edition

• 2018-2019 EY Worldwide

Transfer Pricing Reference Guide

• 2019 Worldwide VAT, GST and

Sales Tax Guide

• 2018-19 Worldwide Personal Tax

and Immigration Guide

• 2019 Global Oil and Gas Tax

Guide

• NEW! 2019 Global Labor and

Employment Law Strategic

Topics: Ageism and the

Workplace

• 2018 Worldwide Capital and

Fixed Assets Guide

• 2018 Worldwide R&D Incentives

Reference Guide

• 2018 Worldwide Estate and

Inheritance Tax Guide

• 2018 Worldwide Corporate Tax

Guide

• 2018 Worldwide Corporate Tax

Guide - Foreign currencies

• 2018 Indirect Tax – updated

worldwide developments map

• 2018 US EY Tax Guide

Tax Insights Magazine

Ta x Insights Magazine is a series

of publica tions, produced by EY,

that will help you to gain a more

thorough understanding of ta x

issues. It features the insights of

high-level executives and

professionals, as well as

contributions from le ading policy-

make rs and acade mics .

Canada

and Israel: protocol to free trade agreement ratified by Canada

· Canada and Madagascar: treaty ratified by Canada

· Colombia and Japan: treaty approved by Japanese House of Councillors

· Ecuador and Japan: treaty approved by Japanese House of Councillors

· Paraguay and Uruguay: treaty entered into force

This week’s EY Global Tax Alerts

Global Tax Alerts

· Report on recent US

international tax developments - 7 June 2019 (7 June

2019)

· Mongolia reforms its key tax legislation (7 June 2019)

· Mozambique grants tax debt relief (7 June 2019)

· US proposed regulations under IRC Sections 954 and 958 have important

consequences for subpart F and GILTI regimes, among other provisions (7

June 2019)

· South African Revenue Service focuses on bad debt deductions during audits

(4 June 2019)

ansfer

Pricing Alert

· Greece broadens new incentives

for the creation of shared services centers

in Greece (7 June 2019)

CD/BEP

S Alerts

· The Latest On BEPS – 3

June 2019 (3 June 2019)

· OECD workplan envisions global agreement on new rules for taxing

multinational enterprises (3 June 2019)

ndir

ect Alerts

· New Zealand Government

to “seriously consider” a Digital Services Tax (5

June 2019)

· US announces new import tariffs on Mexico, delays tariff increase on

certain China goods and formalizes removal of India from GSP (3 June 2019)

· Italian tax authorities start tax inspections aimed at assessing reinsurance

fees as subject to VAT (3 June 2019)

man C

apital Alert

· Puerto Rico's Treasury

Department extends deadline for requesting

employee retention benefit related to Hurricanes Irma and Maria to June 30,

2019 (22 May 2019)

pcoming

webcasts

Enabling organic, commercial growth in a disruptive environment (14 June) EY’s

recent survey of 500 C-level and seni or executives shows a strong connection

between profitable growth, customer-centric purpose and high-performance

teaming. An upcoming webcast will discuss the survey results, including what

executives see as the biggest obstacles to driving profitable growth and how

organizations are prioritizing emerging technology investment.

Taxation of the digital economy: June 2019 update (18 June)

An upcoming webcast will focus on the OECD’s workplan, which will address the

tax challenges of the digitalized economy and will be released by the OECD in

advance of the June G20 Finance Ministers’ meeting. The panelists will discuss

the OECD’s current thinking, the views of key countries, and the status of the

European Commission’s work on digital taxation.

Recently archived webcasts now available on-demand

Transfer pricing controversy

Now more than ever, transfer pricing controversy is one of the most important

topics in international tax law. A recent webcast provided a look at which transfer

pricing issues are getting the attention of tax authorities, short, practical audit case

studies and current transfer pricing tax court decisions.

Global trade disruption escalates to new heights

After a relatively qui et period of significant progress in trade negotiations between

the US and its major trading partners, global trade is back in the headlines. This

first webcast in a series dedicated to discussing ongoing trade disruption actions

addressed the latest trade actions between the US and China, trade actions in

Europe, as well as an update on other trade matters.

EY industry, service and issue publications

Industries

Banking & Capital Markets

· How open banking could save branch banking

Insurance

· Eight ways FinTech adoption remains on the rise

· Three things tax

functions should prioritize in their investments

Tax information at your fingertips

Global Tax Guides app

Access ta x technica l da ta on 150+

jurisdi ctions from your iPad®

anywhere in the world. Learn more

Com

ments

If you have any questi ons or

sugge sti ons about this ne wsletter,

please contact Amy Gist

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Forward to a colleague

· Three things tax functions should prioritize in their investments

· How the gig economy complicates tax issues for countries and companies

· How do you prepare for careers that don’t exist yet

· How to create a 'MAP' for success

· 2019 Global Labor and Employment Law Strategic Topics: Ageism and the

Workplace

· Five essentials for shadow payroll

Tax

· How powerful data analytics tools will become mandatory for compani es

· How US tax reform is testing the life sciences sector

· Three ways blockchain can help implement smart contracts

· How digitalization is changing corporate income tax

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