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ITR Winter Issue 2022: Editorial

Ed's note Winter Issue 2022 top 50

ITR's latest quarterly PDF is now live, leading on the Global Tax 50 2022.

Much as Christmas seems to roll around faster every year, so does our list of the Global Tax 50, a selection of which appears in the cover story of this PDF. For those lucky enough to feature, you might even say “it’s the most … wonderful tiiimmmeee … of the yeeeaaarrr”.

Jokes aside, the people we profile must have done something truly influential, so their inclusion is genuinely something to celebrate. It’s never an easy task sifting through and agreeing on all the names, but it’s always a team effort and it really gets us thinking.

The full list is split into five categories – tax authorities; industry leaders; NGOs; noteworthy individuals; and public officials – and includes a profile for each entry.

It would be impossible to sum up the tax highlights of 2022, but, if one thing stood out, it would be the recent powerplay from the UN to seize control of global tax responsibility from the OECD.

The Paris-based organisation has long been the supreme intergovernmental body for tax policy, but in November the UN made a bold move that lays the groundwork for a new tax convention. This could even lead to the creation of global tax institutions and cooperation frameworks or instruments.

It comes at a time when progress on pillars one and two, which were agreed by the OECD, appears to have ground to a halt (though, in December, EU member states achieved a historic breakthrough by agreeing to implement the OECD’s global corporate minimum tax rate of 15% across the bloc).

Perhaps that’s exactly why the UN has sought to seize its opportunity now, while the future of the two-pillar solution remains unclear.

Whatever you do in 2023, make sure you’re following developments in this space – we’re going to be in for a fascinating watch.

In the meantime, you can catch up on all the usual expert analysis and local insights in this issue. And of course, we wish you a merry Christmas and a happy new year.

Read the ITR Winter Issue 2022 here

more across site & bottom lb ros

More from across our site

‘Go on leave, effective immediately’, PwC has told nine partners in the latest development in the firm’s ongoing tax scandal.
The forum heard that VAT professionals are struggling under new pressures to validate transactions and catch fraud, responsibilities that they say should lie with governments.
The working paper suggested a new framework for boosting effective carbon rates and reducing the inconsistency of climate policy.
UAE firm Virtuzone launches ‘TaxGPT’, claiming it is the first AI-powered tax tool, while the Australian police faces claims of a conflict of interest over its PwC audit contract.
The US technology company is defending its past Irish tax arrangements at the CJEU in a final showdown that could have major political repercussions.
ITR’s Indirect Tax Forum heard that Italy’s VAT investigation into Meta has the potential to set new and expensive tax principles that would likely be adopted around the world
Police are now investigating the leak of confidential tax information by a former PwC partner at the request of the Australian government.
A VAT policy officer at the European Commission told the forum that the initial deadline set for EU convergence of domestic digital VAT reporting is likely to be extended.
The UK government shows little sign of cutting corporate tax, while a growing number of businesses report a decline in investment as a result of the higher tax burden.
Mariana Morais Teixeira of Morais Leitão overviews Portugal’s new tax incentive regime designed to boost the country’s capital-depleted private sector.