The European Council for Economic and Financial Affairs (Ecofin) will push ahead with gaining agreement on the implementation of the quick reaction mechanism (QRM) to combat VAT fraud. However businesses are still concerned about the effect of an additional compliance burden.
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The flagship 2025 tax legislation has sprawling implications for multinationals, including changes to GILTI and foreign-derived intangible income. Barry Herzog of HSF Kramer assesses the impact
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