Financial sector prepares for significant tax changes

International Tax Review is part of Legal Benchmarking Limited, 1-2 Paris Garden, London, SE1 8ND

Copyright © Legal Benchmarking Limited and its affiliated companies 2026

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Financial sector prepares for significant tax changes

canary-wharf-src-unsplash-victor-cudjoe.jpg

Hansuke Consulting held its second Financial Services (FS) Tax Conference on November 18-19 2020.

Tax experts from leading companies and non-governmental organisations discussed practical issues of transparency and integrity. All the signs point to tax transparency expanding in the near future, whether it’s through mandatory disclosure rules or public country-by-country reporting (CbCR).

Achim Pross, head of the OECD’s International Tax Cooperation and Administration Centre, addressed the conference on how the digital tax reform may impact the FS sector. What the OECD decides to do about the online economy this year will determine the future of international policy for finance and every other industry.

Here, ITR journalists Alice Jones and Danish Mehboob offer a snapshot of the discussions and speeches at the conference.

Efficiency and cost savings crucial to global tax transparency success

FS sector should follow four areas in digital tax debate

more across site & shared bottom lb ros

More from across our site

PwC Australia’s response to its tax leaks scandal could give KPMG a useful case study, but so far there’s little sign of positive lessons learned
Tom Goldstein’s attempt to overturn his tax conviction was shot down; in other news, Deloitte promoted several tax partners in Italy
The tax advisory firm becomes the latest member of the Andersen Global network, which has more than 50,000 professionals worldwide
A revised Chapter VII signals a move away from mechanical TP approaches, stressing transaction understanding, functional analysis and context-driven documentation requirements
HMRC’s growing focus on evidencing tax decisions is shifting attention from technical accuracy to governance, requiring businesses to demonstrate how positions were reached and documented
Australia’s Department of Finance will also commission an independent review of KPMG’s governance, culture, ethics and integrity frameworks, it has revealed
In the second instalment of this two-part series, Jayne Stokes takes a practical approach to navigating the capital v revenue question for UK R&D claims for software development, and shares pointers for businesses
ITR's latest podcast considers how transformational the buyout could be in Ryan's quest for global advisory reach and analyses a recent boom in demand for private client advisory services
The event comes at an important moment for professionals dealing with practical realities related to this practice area
Germany’s dogmatic restriction of third-party investment in tax advisory firms will only serve to slow down innovation and access to justice
Gift this article