EU Releases Latest Text on Common Corporate Tax Base Proposal: The Council of the European Union (EU) has released the latest compromise text for the proposal for a Council Directive on a Common Corporate Tax Base proposal.
European Parliament Releases Report on Digital Services Tax Proposal: The European Parliament of the EU has released a report on the proposal for a Council Directive on the common system of a digital services tax on revenues resulting from the provision of certain digital services.
Revenue Ruling 2018-32 provides the interest rates for underpayments and overpayments. The rates for interest determined under section 6621 for the calendar quarter beginning January 1, 2019, will be six percent for overpayments (five percent in the case of a corporation), six percent for underpayments, and eight percent for large corporate underpayments. The rate of interest paid on the portion of a corporate overpayment exceeding $10,000 will be 3.5 percent.