There are a number of colliding dynamics which will lead governments worldwide to undertake drastic measures on VAT and other taxes in 2018, resulting from namely Brexit, VAT fraud, austerity straitjackets and global tax wars, writes Richard Asquith, vice president of global indirect taxes at Avalara.
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The OECD had previously missed a June 30 deadline to agree an MLC on amount A; in other news, UK corporation tax bills surged to a record high last year