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UBS and Credit Suisse Settle U.S. Tax Fraud Case for $511 Million, Exposing Major Compliance Failures
Credit Suisse and its parent company UBS have agreed to pay a combined $511 million to settle a major U.S. tax fraud case, the Department...
May 7, 20253 min read


UK Treasury's Unified Remote Gambling Tax Plan Sparks Industry Alarm
The UK Treasury’s proposed overhaul of remote gambling taxation has triggered significant unease across the betting and gaming sector, as...
May 6, 20252 min read


TPB Pursues Five Ongoing PwC Probes Following Conviction of Unregistered Tax Preparer Jessa Dabalos
Despite the conviction of Perth-based tax preparer Jessa Dabalos, the Tax Practitioners’ Board (TPB) has confirmed that it is continuing...
Apr 30, 20252 min read


EU Council Adopts DAC9 Directive to Simplify Pillar Two Tax Reporting
The Council of the European Union has officially adopted the DAC9 directive as of April 14, marking a significant step in aligning pillar...
Apr 16, 20252 min read


BusinessEurope Warns EU That Pillar Two Could Harm Competitiveness Amid Shifting Global Tax Landscape
The European Commission has received a stark warning from BusinessEurope, the continent’s most prominent business lobby, cautioning that...
Apr 10, 20252 min read


India Achieves Record 174 Advanced Pricing Agreements in 2024/25 Financial Year
India’s Central Board of Direct Taxes (CBDT) has announced that it entered into an unprecedented 174 advanced pricing agreements (APAs)...
Apr 3, 20252 min read


Navigating DORA: The Rising Compliance Challenges for Tax Teams and IT Partners
Tax teams and the IT professionals they rely on must remain vigilant as compliance requirements continue to increase, warns Richard...
Mar 13, 20253 min read


ICPAC Develops Structured Approach to Draft Official Tax Reform Document
The Institute of Certified Public Accountants of Cyprus (ICPAC) has established a structured process for drafting an official document...
Mar 6, 20252 min read


Vietnam Moves to Tighten Policies Against Transfer Pricing and Tax Evasion
Vietnam’s Ministry of Finance has put forward proposals to reform foreign direct investment (FDI) policies in an effort to combat...
Feb 25, 20252 min read


Danish Tax Authority Wins $500 Million Verdict in US Fraud Case
Danish tax authority Skatteforvaltningen (SKAT) has secured a major legal victory in a US tax dispute involving a years-long fraud...
Feb 14, 20252 min read


EU Plans Major Exemptions for Carbon Border Adjustment Mechanism
Brussels is set to exempt more than 80% of EU businesses eligible for the bloc’s Carbon Border Adjustment Mechanism (CBAM) under proposed...
Feb 11, 20252 min read


US Withdraws from UN Global Tax Treaty Negotiations, Citing Conflicting Priorities
The United States has officially withdrawn from negotiations concerning a new global tax treaty at the United Nations, as reported by...
Feb 7, 20252 min read


Trump Administration Rejects OECD’s Global Minimum Tax Deal
The Organisation for Economic Co-operation and Development (OECD) has pledged to maintain collaboration with the United States, despite...
Jan 23, 20252 min read


Trump Announces Creation of External Revenue Service to Collect Tariffs and Duties
President-elect Donald Trump has announced the creation of an External Revenue Service (ERS) that will be tasked with collecting tariffs,...
Jan 20, 20252 min read


Tax Systems Launches Pillar2 Software to Simplify OECD Pillar Two Compliance
Global tech provider Tax Systems has introduced a new software solution, Pillar2, aimed at helping businesses save time and minimize...
Jan 16, 20253 min read


Navigating Complexity in India’s Evolving Taxation Landscape
India’s taxation system has seen remarkable advancements over the years, evolving in tandem with the country’s economic growth. However,...
Jan 14, 20254 min read


PwC Australia Submits Final Compliance Report Amid Tax Leak Scandal Developments
PwC Australia has delivered its final compliance report to the Tax Practitioners’ Board (TPB), marking the conclusion of its obligations...
Jan 9, 20252 min read


Irish Government Reports €108 Billion in Tax Receipts for 2024, Boosted by Apple Tax Ruling
The Irish government reported total tax receipts of €108 billion ($112.6 billion) for the year 2024, it announced yesterday, January 6....
Jan 8, 20252 min read


Danish Tax Authority Pursues $1 Billion in US Fraud Trial Against American Investors
Danish tax authority Skatteforvaltningen (SKAT) is pressing forward with its efforts to recover over $1 billion in a high-profile fraud...
Jan 7, 20252 min read


Macau Government Reports $1 Billion in Gaming Tax Revenue for November
Macau's Financial Services Bureau (DSF) has revealed that the government collected MOP$8.0 billion (US$999 million) in gaming tax revenue...
Dec 13, 20241 min read
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