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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
Experts Divided on US Adoption of OECD's Pillar Two Legislation
Tax experts remain divided on whether the US will implement legislation for the OECD's pillar two framework. The OECD’s BEPS 2.0 reform...
May 31, 20243 min read
UK Tax Advisory Market: Experts Debate HMRC's Regulatory Proposals
Proposals by HM Revenue and Customs (HMRC) to bolster standards within the advisory market have garnered support and scrutiny from...
May 27, 20242 min read
AI Revolutionizes Laborious TP Processes, Maintaining Critical Human Role, Argues Hank Moonen, CEO of TaxModel
Transfer pricing (TP) specialists globally have long grappled with one of their most labor-intensive tasks: manual benchmarking....
May 22, 20242 min read
Billabong Founder Loses Case Over Tax Schemes ‘Suggested’ by EY
In a significant legal development, the Federal Court of Australia has ruled against Gordon Merchant, the founder of global surfwear...
May 20, 20242 min read
Netherlands Set to Increase Gambling Tax to 37.8% Amid Industry Concerns and Slot Ban Controversy
The gambling tax in the Netherlands could see an increase to 37.8% following a coalition agreement between four political parties....
May 20, 20242 min read
OECD Tax Talks: Urgency Mounts as Deadline Looms for Pillar One Progress
The OECD has been relatively tight-lipped about the progress of discussions regarding pillar one since February. Member states are eager...
May 13, 20242 min read
IRS and Treasury's Proposed Regulations: Impact on Inbound Companies and Taxpayer Response
The IRS and Treasury's proposed regulations, unveiled on April 9, introduce significant changes that could have far-reaching...
Apr 29, 20242 min read
Unveiling the Tax Responsibility and Transparency Index: A Paradigm Shift in Corporate Tax Accountability
A groundbreaking initiative has emerged onto the corporate landscape: the Tax Responsibility and Transparency Index. This innovative...
Apr 23, 20242 min read
New Global Ethical Standards for Tax Advisers Launched by International Ethics Board
The International Ethics Standards Board for Accountants (IESBA) has introduced a comprehensive set of global ethical standards for tax...
Apr 16, 20242 min read
IRS Proposes Detailed Regulations for 1% Stock Repurchase Excise Tax
The US Treasury Department and the Internal Revenue Service (IRS) have unveiled a set of proposed regulations aimed at providing...
Apr 11, 20242 min read
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