In the middle of a political cloud of ambiguity surrounding tax reform talk in the US, Michael Mundaca, the Assistant Secretary of the US Department of Treasury for Tax Policy discussed what lies ahead at the department at the Federal Bar Association’s Tax Law Conference in Washington DC on Friday.
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Ireland’s Department of Finance reported increased income tax, VAT and corporation tax receipts from 2024; in other news, it’s understood that HSBC has agreed to pay the French treasury to settle a tax investigation
The EU has seemingly capitulated to the US’s ‘side-by-side’ demands. This may be a win for the US, but the uncertainty has only just begun for pillar two