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

The UK has confirmed its approach to the OECD’s side-by-side deal, but US-parented groups may find pillar two compliance remains far from straightforward
Fragmented pillar two taxation and increased use of AI by tax authorities have left clients fearful of heightened disputes exposure
Grant Thornton Advisors’ latest acquisition has produced the fifth-largest US advisory firm by revenue, but there’s still a clear gulf between it and the big four
Crowe joins Grant Thornton, WTS and Ryan in attracting PE investment, suggesting that dealmakers remain bullish on the tax advisory sector
HMRC expects advisers to meet ever-higher compliance criteria. After 24 consecutive qualified audit opinions, many will ask whether HMRC should hold itself to the same standards
The purchase of Marosa represents the second major tax tech consolidation this week, raising questions of a broader industry trend
Peru’s approach to TP is increasingly at odds with OECD-style profitability policies, exposing multinational groups to asymmetric tax adjustments
Hany Elnaggar examines how the region's legacy economic substance regimes and the OECD's pillar two framework are converging on the same underlying test
The deals for TP Accurate and Intra Pricing Solutions will enhance Alphatax’s ability to support clients with the full TP lifecycle, the tax tech provider claimed
The DS Advocates partner discusses career reinvention, tax disputes and why advisory and litigation experience should complement one another
Gift this article