Overview
IRS Releases Guidance on Availability of Renewable Energy Production Credits for 2018: Today, the IRS issued Notice 2018-08201, which provides guidance on the 2018 inflation adjustment factor and reference prices used in determining the availability of the credit for renewable electricity production and refined coal production under IRC Section 45.
European Commission Announces 2018 Fair Taxation Seminars: The European Commission announced the schedule for its 2018 Fair Taxation Seminars. The seminars aim to bring together national policy-makers, civil society organizations, academics, business representatives, and members of the European institution to discuss tax abuse and avoidance issues. The seminars will take place in Latvia, Austria, France, Ireland, and Italy over the course of 2018.
OECD and IGF Seek Comments from the Mining Industry on Profit Shifting Note: Today, the OECD and the Intergovernmental Forum on Mining, Metals and Sustainable Development (IGF) announced that they are seeking comments on a draft practice note that will help developing countries address profit shifting from their mining sectors via excessive interest deductions. Comments are requested by May 18, 2018.