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VAT reductions would not be sustainable in the long run, according to UK tax experts
While tax directors applauded a proposed 2.5 percent VAT cut in the UK, they questioned whether it would be in the country's long-term...
May 27, 20224 min read


Ireland's VAT plan contributes to the 'legitimization' of cryptocurrency
The Irish VAT plan to impose a 23 percent VAT on cryptocurrency purchases, according to crypto-asset exchanges and platforms, brings...
May 25, 20223 min read


To avoid risks, MNEs are urged to standardize VAT reporting.
To avoid costly errors and hefty fines, international tax directors have urged multinational companies to standardize their in-house VAT...
May 24, 20224 min read


Millionaires join Davos protests, demanding that they be taxed immediately
Millionaires have joined protests in Davos, Switzerland, against the World Economic Forum gathering of the business and political elite,...
May 23, 20222 min read


Corporate taxpayers are not enthusiastic about DEBRA
According to in-house tax advisers, the European Commission's latest industry proposal will obstruct tax alignment by introducing...
May 20, 20224 min read


'With or without US support,' the minimum tax rate will be implemented.
Despite political obstacles in the United States, tax experts believe that the OECD's proposed 15% minimum tax rate will become a global...
May 20, 20223 min read


Sources claim that shipping carbon taxes is preferable to climate disasters
Governments are hesitant to raise carbon taxes due to rising living costs in many countries, but tax experts and economists say the costs...
May 19, 20223 min read


Companies are calling for a reorganization and harmonisation of EU VAT groups
Tax professionals are urging the EU to overhaul and harmonize VAT grouping legislation to eliminate uncertainty and avoid double taxation...
May 19, 20223 min read


Tax professionals have pointed out flaws in the OECD's crypto reporting template.
As many in-house tax teams rushed to comment on the steps to implement the framework, the OECD's Centre for Tax Policy and Administration...
May 17, 20224 min read


More Making Tax Digital software solutions are now available for UK businesses
Prashant Ganti, Zoho Corporation's head of tax, accounting, and payroll products, discusses the long-term benefits of cloud accounting...
May 15, 20223 min read


Tax professionals are calling for EU harmonisation and data usage restrictions
Tax directors have urged the EU and member states to harmonize data requirements to avoid misalignment of requirements among member...
May 12, 20222 min read


Barclays saves nearly £2 billion in tax thanks to a Luxembourg scheme
For more than a decade, Barclays has avoided nearly £2 billion in tax thanks to a lucrative arrangement in Luxembourg that allowed it to...
May 11, 20223 min read


During the COVID-19 pandemic, UK businesses increased profit shifting
HM Revenue and Customs (HMRC) is conducting 100 investigations into multinational corporations' tax affairs, including profit-shifting...
May 8, 20224 min read


Due to reporting standards, businesses are experiencing TP 'compliance overload.'
TP directors argue that the OECD's pillar two project is the most efficient policy against harmful TP practices, citing "compliance...
May 7, 20223 min read


Companies must adequately disclose the financial impact of Russia's war on Ukraine, according to SEC
The Securities and Exchange Commission (SEC) is warning public companies that the impact of Russia's war on Ukraine on their business...
May 6, 20223 min read


The US Senate is considering a carbon tax to level the playing field
The US Senate is considering a carbon border adjustment plan that would increase taxes on carbon-intensive imports while maintaining a...
May 5, 20223 min read


Portugal's development of green taxes
Tiago Marreiros Moreira and Filipe de Vasconcelos Fernandes of Vieira de Almeida explore the many sorts of policy objectives associated...
May 3, 20225 min read


Fintech companies racing against the clock to fulfill Indonesia's VAT deadline for digital wallets
According to Indonesian tax specialists, several financial technology (fintech) firms are still scrambling to get their systems and...
May 2, 20223 min read


The pressure on TP directors is increasing as tax authorities become more aggressive
Tax directors say they are feeling more pressure as tax authorities' transfer pricing audits become more aggressive and detailed. Due to...
Apr 29, 20224 min read


India's planned GST rate changes are causing concern among businesses
Tax professionals and advisors in India are concerned that the government's proposed changes to the GST rates will increase business...
Apr 28, 20223 min read
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