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Experts claim that tax technology abilities are essential to meet the compliance burden
According to tax experts, there is a huge shift taking place in the field of tax as it transforms from a mostly accounting and finance...
Aug 18, 20225 min read


Important US tax credits will not be available for global automakers
Following the legislation's elimination of a significant tax credit for the production of electric vehicles, Audi, Porsche, and Kia claim...
Aug 16, 20223 min read


Brazilian preparations for VAT reform
Both candidates in Brazil's upcoming presidential election, scheduled for October, support plans to reform the nation's tax structure,...
Aug 16, 20221 min read


US increases IRS spending to enhance IT and enforcement
The Internal Revenue Service will soon receive $80 billion from the Biden administration to improve its IT systems and enforcement...
Aug 16, 20227 min read


Security of tax data is now a top priority amid a digitalization drive
Due to increased government scrutiny, tax directors have urged businesses to strengthen data security as they produce ever-increasing...
Aug 11, 20224 min read


Indonesia imposes tax to crypto asset transactions
The Government of Indonesia has issued regulations to tax crypto asset transactions under the authority of the Minister of Finance. The...
Aug 10, 20222 min read


Deadline for comments on the tax treaty between Australia and India
Future treaty amendments might result in higher costs for non-resident Indian service providers. By the end of today, August 8, the...
Aug 9, 20223 min read


"Not even close" to pillar two is the US corporate tax
According to experts, the proposed minimum tax would conflict with the OECD's pillar two regime and put other nations at risk of leaving....
Aug 9, 20226 min read


Malawi wants a US mining company to pay $310 billion in back taxes
The US gemstone miner Columbia Gem House has been targeted by the Malawian government. According to Agence France Presse yesterday,...
Aug 8, 20222 min read


Automated VAT checks will be imposed by HMRC on foreign sellers
In an effort to combat fraud, HMRC has informed tax directors that it will impose automated assessments on online sellers with inaccurate...
Aug 5, 20225 min read


Businesses are urged to update their Canadian tax insurance policies
Tax directors claim that businesses are experiencing uncertainty as they attempt to maintain compliance as a result of the CRA's...
Aug 4, 20225 min read


As a result of the UK BlackRock ruling, taxpayers must return to the basics
According to sources, the Upper Tribunal's decision against BlackRock regarding interest deductions it claimed on $4 billion in...
Aug 3, 20224 min read


Changes to Hong Kong's government might placate the EU but harm tax appeal
The new regime for foreign income exemptions in Hong Kong SAR may take the city off the EU tax watchlist, but it will give Singapore the...
Aug 2, 20226 min read


US chip manufacturers will be prepared for tax credits in August
On July 28, Congress passed a bill to increase production at US semiconductor companies with $52 billion in tax credits and other...
Aug 2, 20225 min read


US Senate agreement ensures minimum tax rate
While the UK will see tax cuts regardless of who replaces Prime Minister Boris Johnson, the US Senate this week reached a historic...
Aug 1, 20223 min read


According to sources, the OECD pillars' impasse could hinder progress on TP
As agreement on the OECD's pillar-two solution stalls, multinationals may still experience problems with transfer pricing. According to...
Jul 31, 20224 min read


The competition for tax staff is intensified by economic uncertainty
According to sources, rising competition is making it harder for tax directors to recruit and keep professionals because of global...
Jul 30, 20225 min read


Tax directors are dubious about the 2024 start date for pillar one
Two fundamental components, known as Amount A and B, are uncertain, which raises the possibility that the endorsement of pillar one may...
Jul 29, 20224 min read


India's GST credits and audits concerns companies
The significant amounts of working capital that are being held up by GST credits and the impending audits in India are causing tax...
Jul 28, 20224 min read


Countries are hesitant to introduce a minimum tax
There must be a starting point for the OECD's global minimum tax rate, but according to sources, no nation should implement pillar two...
Jul 27, 20225 min read
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