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UN's Push for Greater Role in Global Tax Policy Sparks Divisions Amid OECD's Dominance
The recent call by UN Secretary-General António Guterres for an amplified involvement of the United Nations in shaping global tax policy...
Aug 16, 20233 min read
Australian Senator Holds Transfer Pricing Practitioners Accountable Amid PwC Scandal
An Australian senator has issued a stern warning to transfer pricing practitioners, asserting that they cannot claim ignorance in light...
Aug 4, 20232 min read
PwC-ATO Settlement Sparks Inquiries About Tax Scandal Connections
The recent settlement between PwC and the Australian Taxation Office (ATO) has raised eyebrows and triggered questions about potential...
Aug 3, 20232 min read
Central Procurement and EU VAT: Navigating Tax-Neutral Invoicing
The use of central procurement functions by multinational enterprises (MNEs) is common practice, offering advantages such as stronger...
Jul 12, 20233 min read
IMF Warns Global Tax Systems Struggling to Tax Crypto-Assets as Rapid Expansion Outpaces Regulation
The International Monetary Fund (IMF) has warned that global tax systems are struggling to properly tax crypto-assets due to their rapid...
Jul 12, 20232 min read
Transfer Pricing Takes Center Stage: OECD Expected to Announce Progress on Two-Pillar Solution
Transfer pricing takes center stage in the ongoing negotiations surrounding the two-pillar solution, according to the Organization for...
Jul 7, 20232 min read
Cyprus Implements Income Tax Exemptions for Non-Residents in Effort to Attract Skilled Professionals
Cyprus has recently enacted an amending law that introduces income tax exemptions for non-residents, with retroactive effect from January...
Jul 7, 20232 min read
UK Crypto Tax Experts Dispute HMRC's Proposed Tax Framework for DeFi Transactions
A group of crypto tax experts from prominent accounting services in the UK have raised concerns over HM Revenue and Customs' (HMRC)...
Jul 5, 20232 min read
Deadline Approaching for UK Tax Liabilities Revealed in Pandora Papers
In a significant development following the Pandora Papers leak, hundreds of British nationals implicated in the offshore scandal have...
Jun 29, 20232 min read
The Positive Impact of AI in Tax: Enhancing Tax Professionals' Work with ChatGPT
Russell Gammon, Chief Solutions Officer at Tax Systems, discusses the positive impact of AI in the field of tax. He acknowledges the...
Jun 28, 20232 min read
EU Commission Proposes Corporate Levy and Increased ETS-Based Contributions
The European Commission has presented a proposal to introduce a temporary tax of 0.5% on surplus corporate profits as part of its efforts...
Jun 27, 20232 min read
Australian Government Misses Deadline for Public CbCR as OECD Faces Lobbying Allegations
The Australian government's plan to introduce mandatory public country-by-country reporting (CbCR) has hit a setback as it failed to meet...
Jun 26, 20232 min read
US Faces Potential $120B Tax Revenue Loss from OECD's Pillar Two Adoption
A nonpartisan congressional committee has cautioned that if the rest of the world adopts the Organization for Economic Cooperation and...
Jun 23, 20232 min read
EU Commission's Proposal Aims to Tackle Tax Fraud and Simplify Withholding Tax Relief
The European Commission has put forth new regulations aimed at preventing financial traders from exploiting tax refunds and streamlining...
Jun 22, 20232 min read
Brazil Implements Overhaul of Transfer Pricing Rules, Embracing OECD Standards
Brazil has recently completed its legislative process to adopt transfer pricing rules based on the Organization for Economic Cooperation...
Jun 21, 20232 min read
Swiss Electorate Overwhelmingly Votes in Favor of OECD's Minimum Corporate Tax Rate
In a decisive national plebiscite held on June 18, the Swiss electorate voted in favor of adopting the OECD's pillar two framework for a...
Jun 20, 20232 min read
EU Introduces Carbon Border Adjustment Mechanism (CBAM) for Imports
The European Union (EU) is taking steps to address the impact of carbon emissions from imports outside its jurisdiction. The European...
Jun 19, 20232 min read
UK Suspends 75% Windfall Tax on North Sea Oil and Gas Projects Amid Falling Energy Prices
The British government has announced changes to its windfall tax project, suspending the 75% marginal tax rate on revenues from oil and...
Jun 14, 20232 min read
Tax avoidance allegations loom over Brookfield prior to Annual General Meeting
Brookfield, one of the world's largest asset management firms, is facing allegations of tax avoidance through its global network of...
Jun 6, 20231 min read
Tax Transparency as a Public Good: Building a Better Tax System
In an article published by the Global Initiative for Financial Transparency (GIFT), Richard Murphy and Andrew Baker emphasize the...
Jun 1, 20232 min read
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