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Parliament Approves Betting Tax Increase to Boost Club Revenues
The Plenary Session of Parliament has given its approval to a bill that raises the betting tax to 4.5%, with the intention of directing...
Dec 12, 20241 min read
Kuwait Proposes 15% Corporate Tax for All Businesses Under New Draft Rules
Kuwait’s Ministry of Finance has proposed the introduction of a 15% corporate income tax on all businesses, both local and foreign-owned,...
Dec 11, 20242 min read
Cyprus Faces Tax Policy Shift: The End of the 12.5% Era for Multinationals
The days of the favorable 12.5% corporate tax rate for multinational corporations operating in Cyprus are coming to an end....
Dec 9, 20243 min read
Power Outage Disrupts Zimbabwe's Budget Speech as Economic Struggles Persist
As Zimbabwe’s finance minister, Mthuli Ncube, wrapped up his presentation of the 2025 fiscal budget on Thursday, the parliamentary...
Dec 4, 20242 min read
IMF Urges Malta to Expedite Implementation of Global Minimum Tax
The International Monetary Fund (IMF) has recommended that Malta accelerate its adoption of the OECD’s global minimum tax on...
Nov 22, 20242 min read
UAE Corporate Tax Return Guide Highlights Key Requirements for Businesses
The United Arab Emirates' Federal Tax Authority (FTA) has released a comprehensive guide to assist businesses with completing their...
Nov 14, 20243 min read
European Commission Proposes Streamlined Pillar Two Filing System for Multinationals in the EU
On October 28, the European Commission unveiled a proposal aimed at simplifying the reporting obligations of multinationals operating...
Nov 1, 20242 min read
Greek Tax Office Deploys AI Algorithm to Combat Tax Evasion through Foreign Shell Companies
The Greek Tax Office has introduced a sophisticated algorithm capable of automatically detecting financial transactions directed abroad...
Oct 29, 20243 min read
UK Labour Government Considering Doubling Taxes on ‘Higher Harm’ Gambling Products
The UK’s Labour Government is exploring the possibility of doubling tax rates on gambling products deemed "higher harm," including online...
Oct 18, 20242 min read
Brazil's Adoption of OECD Pillar Two Rules Raises Questions on Timing and Compliance
Brazilian companies are scrambling to prepare for the implementation of new tax legislation under the OECD's pillar two framework, as...
Oct 17, 20243 min read
Brazilian Experts Urge Reconsideration of Digital Tax, Advocate for Alternative Measures
Local experts in Brazil are calling for a reconsideration of the proposed digital tax on big tech companies, suggesting that other...
Oct 9, 20243 min read
Finance Ministry Urges Football Clubs to Settle €35.6 Million in Debt
The Ministry of Finance has sent a stern warning to football clubs participating in the Debt Repayment Plan, instructing them to pay off...
Sep 24, 20243 min read
European Commission Vows to ‘Bring Structure to Chaos’ with Transfer Pricing Directive
The European Commission has committed to supporting businesses and simplifying tax processes through its newly introduced transfer...
Sep 13, 20242 min read
Tax Professional Bodies Launch Ad Campaign Against New Ethical Rules Ahead of Key Summit
Six out of 10 Australian tax professional bodies have launched a pre-emptive advertising campaign against controversial new ethical rules...
Sep 5, 20242 min read
Italian Supreme Court Ruling Sets Precedent in Transfer Pricing Disputes
In a landmark decision, the Italian Supreme Court of Cassation has overturned a long-standing position of the Italian tax authorities,...
Sep 2, 20243 min read
U.S. Treasury, DOE, and IRS Receive 800+ Proposals for Nearly $40 Billion in Industrial Tax Credits
On August 29, the U.S. Department of Treasury, the Department of Energy (DOE), and the Internal Revenue Service (IRS) announced that they...
Sep 2, 20242 min read
PwC Australia Faces Further Scrutiny Over Tax Leaks Scandal in Parliamentary Inquiry
PwC Australia has responded to over a dozen questions posed by a parliamentary committee concerning its involvement in a tax leaks...
Aug 29, 20243 min read
Tax Policy and the 2024 US Election: A Crucial Battle Over Pillar Two
As the 2024 US presidential election approaches, tax experts are weighing in on what a second Donald Trump presidency could mean for US...
Aug 27, 20244 min read
Major Transfer Pricing Battles in 2024: Airbnb, PepsiCo, and More Face Global Scrutiny
The year 2024 has seen a series of landmark transfer pricing (TP) disputes, with global companies locking horns with tax authorities...
Aug 19, 20244 min read
PwC Australia’s Government Revenue Plummets Amid Tax Leaks Scandal and Consulting Arm Sale
PwC Australia has seen a dramatic reduction in revenue from government contracts, plummeting from A$260.6 million (US$9.5 million) to...
Aug 13, 20242 min read
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