The Indian minister for finance will have a challenge on his hands to manage taxpayers' expectations when he stands up in parliament to deliver his budget on July 6. He is facing demands from industry groups to reform the corporate tax system, including cutting rates, and pressure from multinational companies to deal with their priorities, such as transfer pricing risk.
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ITR’s most prolific stories of the year charted public pillar two spats, the continued fallout from the PwC Australia tax leaks scandal, and a headline tax fraud trial
The climbdowns pave the way for a side-by-side deal to be concluded this week, as per the US Treasury secretary’s expectation; in other news, Taft added a 10-partner tax team
Foreign companies operating in Libya face source-based taxation even without a local presence. Multinationals must understand compliance obligations, withholding risks, and treaty relief to avoid costly surprises
Tax professionals are still going to be needed, but AI will make it easier than starting from zero, EY’s global tax disputes leader Luis Coronado tells ITR