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France says India, Saudi Arabia, and the United States are blocking pillar one.
According to French Finance Minister Bruno Le Maire, the EU should not rule out adopting pillar one alone if global talks fail. On...
Feb 22, 20232 min read
Plastic taxes: a guide to new European legislation
According to Grzegorz Peszko of the World Bank, European countries are setting the way for extensive plastic packaging tariffs, reshaping...
Feb 16, 20235 min read
HMRC sends 'nudge' letters to 2,000 companies about R&D tax evasion
The move is part of a government-wide drive on incorrect and fraudulent R&D tax claims, which cost the government £469 million last year....
Feb 15, 20232 min read
Frequently Asked Questions on the Transfer Pricing Documentation Rules published
On 10 February 2023, the Cyprus Tax Department (CTD) added a new section to its website titled "Frequently Asked Questions" (FAQs)...
Feb 14, 20233 min read
Biden proposes a tax increase on stock buybacks
During his state of the union address on February 7, US President Joe Biden advocated for a higher tax on stock buybacks in order to...
Feb 13, 20233 min read
Timeline: The Long Road to TP Reform in Brazil
The Brazilian government may be on the verge of aligning the country's unique system with OECD standards, but this is a long-awaited TP...
Feb 9, 20234 min read
Where we stand with implementing Pillar two in the EU
As part of the global tax reform, just one EU member state has unveiled draft legislation to implement the Global Anti-Base Erosion...
Feb 7, 20234 min read
The OECD has issued final technical recommendations for the global minimum tax
The official OECD guidance on how to implement the 15% global minimum company tax rate is now available to governments. Today, February...
Feb 3, 20231 min read
Infosys admits to a £20 million tax dispute with HMRC
The Indian firm that is disputing the bill has a family link to UK Prime Minister Rishi Sunak, whose administration is currently...
Feb 2, 20232 min read
Despite the pillar two drive, Korean firms remain apprehensive
A constant trickle of countries has stated plans to implement Pillar 2, but Korea was first. The member jurisdictions of the Inclusive...
Jan 31, 20234 min read
BEFIT raises TP concerns among business groups
Industry organisations are concerned about the move away from the ALP and toward formulaic apportionment as part of an EU-wide shared...
Jan 27, 20233 min read
Due to information leaks, a former PwC partner was given a 2-year ban in Australia.
In connection with a scandal involving the disclosure of secret information about the government's plans to target multinational tax...
Jan 24, 20233 min read
FQM is embroiled in a tax dispute in Panama
This week, First Quantum Minerals is in a dispute with the Panamanian government over royalties and corporate tax, while Samsung India is...
Jan 16, 20233 min read
Tax controversies to watch in 2023
Multinational corporations such as Amazon and Medtronic are embroiled in legal fights over their tax and transfer pricing (TP)...
Jan 13, 20231 min read
South Korea intends to implement semiconductor tax breaks
South Korea announced hefty tax reductions for semiconductor manufacture this week, while Dubai lifted its alcohol sales tax in advance...
Jan 9, 20232 min read
Stelios Violaris: Cyprus' new minimum tax rate must reach the "golden ratio"
Stelios Violaris, partner and head of international tax services at PwC Cyprus, has looked at the adoption of the minimum tax rate of...
Jan 9, 20233 min read
EU agrees on global minimum tax rate for pillar two
Hungary withdraws its veto as the EU takes the initiative in implementing the OECD's pillar two agreement. Yesterday, December 12, EU...
Dec 14, 20222 min read
2023 UAE corporation tax plan
Companies in the UAE can plan for a corporate tax regime to be implemented in 2023, while the Trump Organization was found guilty of 17...
Dec 12, 20224 min read
Last month, in indirect tax, Airbnb and Uber criticised the New Zealand GST plan
Companies have criticised suggestions for the gig economy, but the VAT discrepancies between the UK and the EU have narrowed in...
Dec 8, 20228 min read
According to tax directors, pillar two needs additional time
Businesses also require more time to execute the OECD's pillar two, according to tax directors, and jurisdictions should seek further...
Dec 6, 20224 min read
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