China's Ministry of Finance has announced it will introduce a 6% tax on coal imports starting from December 1 this year. Coking coal, which is used for steel production, and anthracite will be taxed at 3%. China had a similar import tax on coal until it was removed in 1997.
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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
ITR’s most prolific stories of the year charted public pillar two spats, the continued fallout from the PwC Australia tax leaks scandal, and a headline tax fraud trial
The climbdowns pave the way for a side-by-side deal to be concluded this week, as per the US Treasury secretary’s expectation; in other news, Taft added a 10-partner tax team