The Australian commissioner of taxation, Michael Carmody, recently penned a letter to the chairperson of all publicly listed companies, reinforcing the messages in the document that he released in June last year - the Australian Taxation Office's (ATO) Large business and tax compliance booklet
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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
Rolling out the global minimum tax has increased complexity, according to Baker McKenzie; in other news, Donald Trump has announced a 25% tariff on countries doing business with Iran