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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
Portugal to Reintroduce Tax Breaks to Attract Foreign Talent
Portugal’s new government is set to reinstate tax breaks for foreigners, aiming to draw highly skilled workers to the country while...
Jul 9, 20242 min read
PepsiCo Australia's IP Royalties Appeal Brings Taxpayer Certainty, Experts Say
PepsiCo's victory in its legal dispute with the Australian Taxation Office (ATO) is seen as a significant win for taxpayer certainty,...
Jul 9, 20243 min read
Labour's Landslide UK Election Victory Spurs Calls for Tax Simplification
Following the Labour Party's overwhelming victory in the UK general election on July 4, tax experts are advocating for the reintroduction...
Jul 8, 20243 min read
Investigations into PwC Confidentiality Breach Ongoing, Two Expected to Conclude This Year
Australian tax authorities are diligently pursuing the trail of PwC Australia and its potential misuse of confidential information....
Jul 1, 20242 min read
IRS to Close Tax Loophole for Large Partnerships, Aiming to Raise $50 Billion Over 10 Years
The IRS is set to shut down a tax loophole utilized by large, complex partnerships, enabling the U.S. Department of Treasury to generate...
Jun 28, 20242 min read
Federal Court Rules in Favor of PepsiCo in Royalty Withholding Tax Case
The ruling for PwC’s client deals a significant blow to the Australian Taxation Office (ATO) and its capacity to tax multinationals on...
Jun 27, 20242 min read
UK Court of Appeal Adopts Realistic Approach to Withholding Tax Exemption in Recent Judgment
In a recent judgment, the UK Court of Appeal has demonstrated a realistic approach to withholding tax exemption issues, marking a...
Jun 26, 20243 min read
HMRC Fails to Fine a Single Offshore Tax Enabler in Five Years Despite Penalty Powers
HM Revenue and Customs (HMRC) has not fined a single 'enabler' of offshore tax evasion or non-compliance in the past five years, despite...
Jun 21, 20242 min read
OECD Identifies Countries That Could Benefit from Simplified Transfer Pricing Rules
The OECD has identified Argentina, Brazil, Mexico, and South Africa as among the countries that could benefit from the simplified...
Jun 19, 20242 min read
Nigeria Drops Tax Evasion Charges Against Binance Executives
In a significant development on Friday, Nigeria dropped tax evasion charges against two Binance executives following the appointment of a...
Jun 18, 20241 min read
Biden and Trump Pledge to Extend Expiring Tax Breaks Amid Concerns Over Funding
Presumptive nominees President Joe Biden and former President Donald Trump have both committed to extending expiring tax breaks for most...
Jun 14, 20242 min read
Senate Committee Criticizes PwC Australia for Lack of Cooperation in Tax Leaks Inquiry
PwC Australia has been uncooperative with a government inquiry into its tax leaks scandal, aiming to “protect the organisation from...
Jun 13, 20242 min read
Labour's Tax Plans Signal Tougher HMRC Approach
Labour's plans for closing the tax gap suggest that taxpayers may face an increasingly aggressive HMRC. With the UK general election now...
Jun 11, 20244 min read
Law Firms Key in FTX’s $24 Billion Settlement with IRS
US law firms Sullivan & Cromwell and Landis Rath & Cobb were instrumental as the defunct crypto exchange FTX settled a $24 billion claim...
Jun 6, 20242 min read
Former PwC Partner Richard Gregg Files Defamation and Breach of Contract Suit Against PwC and Kristin Stubbins
Former PwC partner Richard Gregg has initiated a defamation and breach of contract lawsuit against PwC and ex-PwC Australia acting chief...
Jun 3, 20242 min read
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