Over the past 12 months there has been increasing concern expressed publicly about the amount of tax that business, and in particular international business, pays with a number of people expressing the view that business is not paying its fair share of tax when, at a time of recession, everyone else is seeing their tax bill increased. Ian Young of the Institute of Chartered Accountants in England and Wales (ICAEW) discusses the reality of the situation for corporates and their advisers.
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The US president also unveiled a new 50% levy on copper imports; in other news, a UK wealth tax proposal has been criticised by the Institute for Fiscal Studies
MNEs are increasingly using algorithmic tools in TP. Sahasranshu Dash argues that data ethics should therefore plug directly into the TP design process