The Cypriot government is set to increase tax certainty and make Cyprus more attractive to foreign investment after finally passing TP legislation aligned with OECD standards.
Amazon, Cisco, and Microsoft’s largest investors are lobbying for the GRI tax transparency standard, but this could be the start of a trend in shareholder activism.
Companies are waiting for the Canada Revenue Agency to provide more guidance on TP following the Cameco case, particularly over the issue of recharacterisation.
Multinational enterprises run the risk of hefty penalties if the company in question fails to register for VAT when providing electronic services in South Africa.
Japan reports a windfall from all types of taxes after the government revised its stimulus package. This could lead to greater corporate tax incentives for businesses.
Sources at Netflix, the European Commission and elsewhere consider the impact of incoming legislation to regulate tax advice in the EU – if it ever comes to pass.
This week European Commission officials consider legal loopholes to secure minimum corporate taxation, while Cisco and Microsoft shareholders call for tax transparency.