In the first instalment of his new column for International Tax Review, Giles Parsons, who has just left a role at manufacturing multinational Caterpillar, explores the disconnect between the public perception of tax being the shady, secretive world of old, and the reality of transparency initiatives companies are having to adapt to.
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Ireland’s Department of Finance reported increased income tax, VAT and corporation tax receipts from 2024; in other news, it’s understood that HSBC has agreed to pay the French treasury to settle a tax investigation
The EU has seemingly capitulated to the US’s ‘side-by-side’ demands. This may be a win for the US, but the uncertainty has only just begun for pillar two