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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


ATO Seeks High Court Appeal Following Federal Court Ruling in Favor of PepsiCo
The Australian Taxation Office (ATO) has applied for special leave to appeal to the High Court of Australia, challenging the recent...
Aug 12, 20242 min read


Transforming Tax Functions: The Cloud Revolution and Rise of AI in Tax Compliance
Cloud solutions are revolutionizing tax functions for the better, writes Russell Gammon, chief solutions officer at Tax Systems. Just...
Aug 6, 20243 min read


Tax Experts Warn Project 2025 Could Isolate US in International Tax Policy
Tax experts caution that Project 2025, a controversial policy framework proposing radical tax reforms, could isolate the US from...
Aug 2, 20244 min read


Australian Minister Revises Controversial Tax Ethics Rule Deadline
Australian Assistant Treasurer Stephen Jones has retreated from the original deadline for the implementation of new ethical rules...
Aug 1, 20242 min read


Proposed Changes to Tax Agent Registration in Australia Demand Proof of Good Governance
Individuals, partnerships, and companies aiming to register as tax agents in Australia must now demonstrate good governance according to...
Jul 31, 20242 min read


UK’s Digital Services Tax Faces Scrutiny Amidst Calls for Repeal Following Pillar One Developments
The UK's digital services tax (DST) might be repealed in light of the predicted implementation of pillar one, according to a tax expert,...
Jul 30, 20243 min read


Luxembourg Transfer Pricing Association Inaugurated to Address TP Challenges
The Luxembourg Transfer Pricing Association (LTPA) announced its incorporation on July 11, marking a pivotal moment for the transfer...
Jul 25, 20242 min read


Alex Gerko Loses Legal Appeal Against HMRC Over Deferred Payment Plan Taxation
Alex Gerko, billionaire founder of British trading firm XTX Markets, has lost a legal appeal against HM Revenue and Customs (HMRC)...
Jul 24, 20242 min read


Australian Tax Advisers Challenge New Ethical Obligations Imposed by Assistant Treasurer
New requirements for advisers to inform clients of any relevant matters that might impact their relationship have sparked concerns among...
Jul 22, 20243 min read


Canada’s 3% Digital Services Tax Faces Backlash Amid US Trade Tensions
Canada’s decision to impose a 3% digital services tax (DST) on large foreign technology companies has sparked criticism from local...
Jul 19, 20244 min read


Labour Party Pledges to Close the UK’s Tax Gap: Implications for Business
The Labour Party has made bold promises to address the UK’s ‘tax gap’, a subject that has garnered increasing public attention. Following...
Jul 16, 20243 min read


PwC Australia Refreshes Governance Board Amid Tax Leaks Fallout
PwC Australia has commenced the new financial year with a revamped governance board and several new appointments as it deals with the...
Jul 16, 20242 min read


UK Tax Agency Loses Tribunal Case Against Software Company Over R&D Tax Relief
The UK tax agency, HM Revenue and Customs (HMRC), has lost a case at the First-Tier Tribunal against the software company Get Onbord Ltd...
Jul 15, 20242 min read


HMRC Focuses on Compliance for UK Companies with Non-Resident Directors
Lewin Higgins-Green of FTI Consulting highlights the importance for UK companies to ensure their compliance with Non-Resident Director...
Jul 11, 20243 min read


Italy Implements Global Minimum Taxation Under OECD’s Pillar Two Rules
Italy’s Ministry of Economy and Finance has issued a decree to implement global minimum taxation in accordance with the OECD’s pillar two...
Jul 10, 20242 min read
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