This week in tax: EU officials consider loopholes to minimum tax
This week European Commission officials consider legal loopholes to secure minimum corporate taxation, while Cisco and Microsoft shareholders call for tax transparency.
The fast-food company’s tax settlement with French authorities strengthens the need for businesses to review their TP arrangements and documentation.
The full ALP model will be adopted through a new TP regime, which is set to boost the country’s investments and tax certainty.
Tax leaders say communication with peers is important for risk management, especially on how to approach regional authorities.
Advances in compliance tools in international markets and the digitalisation of global tax administrations are increasing in-house demand for technologists.
HM Revenue and Customs said the UK pillar two legislation will be delayed until at least December 2023, while ITR reported on a secret Netflix settlement and an IMF study on VAT cuts.
This week the UK and ITV lost a legal bid to prevent an EU state order to claw back tax revenue from controlled foreign company rules offering multinationals tax breaks.
Tax directors warn that a lack of adequate planning for VAT rule changes could leave businesses exposed to regulatory errors and costly fines.
Tax professionals have urged suppliers of goods from Great Britain to Northern Ireland to pause any plans to restructure their supply chains following the NI Protocol Bill.
The IMF has urged countries against cuts to VAT in response to rising inflation and the cost-of-living crisis hitting households around the world.
Companies welcome the German Tax Court’s decision to exempt virtual land rentals from VAT, but are wary about the rulings lacks clarity.
Businesses must ensure any alternative benchmark rate is included in their TP studies and approved by tax authorities, as Libor for the US ends in exactly a year.
The US fast-food company has agreed to pay €1.25 billion to settle the French investigation into its transfer pricing arrangements over allegations of tax evasion.
Companies must recognise TP business risks and revise the functional analysis of their entities to manage the impact of rising inflation and supply chain disruption.
Italy’s TP circular highlights the need for businesses to have stronger comparability analysis as part of their approach to benchmarking.
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KPMG Global
KPMG experts look into the issues related to BEPS 2.0 from tax leaders globally, along with practical steps to address these concerns.
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KPMG Global
KPMG experts provide answers to a selection of questions arising from the Inclusive Framework’s 228-page commentary released on March 14 2022.
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KPMG Global
Experts from KPMG consider what multinationals can do in preparation for the OECD’s upcoming commentary release on GloBE rules.
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KPMG Global
Experts from KPMG discuss the 10 key takeaways of the Inclusive Framework on BEPS.
Jurisdictions
Peter Olanday, director of consulting for vertical solutions at Vertex, talks to Alice Jones about using edge computing to manage real-time tax calculation as omnichannel shopping becomes increasingly common.
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Deloitte Transfer Pricing Global
ITR Americas Tax Awards winners Chuck Kosal, Jennifer Deutsch and Kristine Riisberg discuss how Deloitte is embracing tax transformation across the Americas, in a podcast.
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KPMG Asia-Pacific
Innovative compliance tools. New approach to reporting. Smart tech. ITR Asia-Pacific Tax Awards winners Jenny Clarke and Cristina Alvarez discuss how the team at KPMG is ‘re-imagining’ tax in the region.
ITR Reporter Alice Jones talks to Karine Halimi-Guez, managing director of tax at FedEx, about diversity and inclusion and FedEx's Benelux networking and mentoring project for women.
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Deloitte Transfer Pricing Global
ITR Americas Tax Awards winners Chuck Kosal, Emily VanVleet and John Wells discuss how Deloitte is at the forefront of driving tax transformation, in a podcast.
ITR Reporter Alice Jones asks Karine Halimi-Guez, managing director of tax at FedEx, about cross-functional tax planning, the importance of flexibility as a leader during COVID-19, and the importance of the tax function during a corporate restructuring.
ITR's Senior Reporter Mattias Cruz speaks with Ivan Ferreira, tax and customs director at Siemens Brazil, about the changes to the role of tax professionals, the impact of COVID-19 and managing mental health.
ITR reporter Alice Jones asks Gemma Low, tax automation manager at Royal Mail, about tax technology developments, career opportunities in tax, and how tax teams can support one another while working from home.
Leading global law firm, Dechert, demonstrates progressive policies for women and minorities in a podcast featuring three partners who won awards for their work at the Women in Business Law Awards.
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EY Asia-Pacific
ITR Asia Tax Awards winners Albert Lee and Jon Dobell of EY talk about the importance of tax technology at EY and the need for innovation in the area, in a podcast.
Features and Special Focus
Features and Special Focus
Sponsored
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Sponsored by Vertex Inc
Peter Boerhof of Vertex Inc explains why indirect tax functions need to redraw their boundaries to become a strategic asset to their businesses. -
Sponsored by Dhruva Advisors
The Indian Union Budget made some significant changes that will affect taxpayers, as Ranjeet Mahtani, Saurabh Shah, and Meetika Baghel of Dhruva Advisors explain.
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Sponsored by KNAV India
Uday Ved and Wrutuja Soni of KNAV discuss the Inclusive Framework (IF) on base erosion and profit shifting (BEPS) and the pillar two Global Anti-Base Erosion (GloBE) model rules.
