Taxation is a major tool for the central government of China to tackle the issue of increasingly heated property markets in China. It is likely that the central government will revamp the real estate tax regime in the coming years to make the taxation tool more effective. Property owners, developers and investors such as real estate funds will directly or indirectly be affected by the change, warn Lewis Lu, Chris Abbiss and Jennifer Weng of KPMG
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Scott Bessent reportedly felt undermined by Musk naming Gary Shapley as acting IRS commissioner; in other news, Baker Tilly will combine with a top 15 US firm
Despite garnering significant revenues from multinationals, Italy’s digital services tax presents pressing double taxation issues, say Stefano Simontacchi and Francesco Saverio Scandone of BonelliErede