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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
Retail pharmacy giant Walgreens Boots Alliance owes $2.7 billion in unpaid taxes
The US Internal Revenue Service (IRS) is pressing retail pharmacy giant Walgreens Boots Alliance for $2.7 billion in unpaid taxes, citing...
Apr 4, 20242 min read
Exploring Tax Strategies of Australian Equity Partners: Insights from the 'Big Four' Accounting Firms
Australian equity partners at the prominent 'big four' accounting firms have been found to extensively employ income splitting tactics,...
Apr 3, 20242 min read
New Jersey Senator Proposes Doubling Tax Rates for Online Gambling Operators
A New Jersey lawmaker has put forward a significant proposal to increase taxes on online gambling operators, unveiling a bill that would...
Mar 28, 20242 min read
PwC Faces Scrutiny Over Alleged Cover-Up of Tax Leaks Scandal: Australian Senate Committee Report Reveals
PwC has come under fire from an Australian Senate committee for allegedly attempting to conceal a tax leaks scandal that has embroiled...
Mar 28, 20242 min read
Binance Faces Tax Evasion Charges in Nigeria: Executives Detained, Government Demands Billions
Nigeria's Federal Inland Revenue Service (FIRS) has initiated legal action against cryptocurrency giant Binance, unveiling four charges...
Mar 27, 20241 min read
EY Australia Faces Legal Battle Over Alleged Secret Commissions in Tax Scheme
EY Australia, a prominent accounting firm, is facing legal action from a former client who alleges that a former partner received secret...
Mar 22, 20242 min read
Shifting Paradigms: The Ethical Imperative of Corporate Taxation in a Global Economy
The imperative for companies to pay their fair share of taxes extends far beyond mere legal obligations; it embodies a fundamental...
Mar 21, 20242 min read
Israel Tax Authority Targets Israeli Assets in Cyprus Amidst Growing Concerns of Tax Evasion
The Israel Tax Authority (ITA) has launched a sweeping operation aimed at uncovering assets, income, and businesses owned by Israeli...
Mar 21, 20242 min read
Warning Issued by ForrestBrown: UK R&D Tax Relief Changes Pose Challenges for Accountants
ForrestBrown, a consultancy specializing in tax credits, has cautioned about the forthcoming alterations to the UK's research and...
Mar 20, 20242 min read
UAE Implements Corporate Tax: A New Era in Taxation
In a paradigm-shifting move, the United Arab Emirates (UAE) has transitioned from its long-standing status as a zero-tax jurisdiction to...
Mar 15, 20242 min read
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