This week in tax: EU set to fast-track minimum tax plan This week the European Commission has hinted that there may be an EU directive to implement a global minimum corporate tax rate before the end of 2021. By Josh White & Alice Jones & Leanna Reeves October 15 2021
OECD brokers “landmark” tax deal The OECD has secured a multilateral agreement on pillars one and two. The accord signed by 136 countries will impose a 15% floor on corporate tax rates and reallocate $125... By Alice Jones October 11 2021
This week in tax: OECD tax reform could benefit the US most of all The US may gain the most in tax revenue from the OECD’s plans for international tax reform, according to a TaxWatch study. By Josh White & Alice Jones October 08 2021
Tax directors are juggling indirect taxes on e-commerce Tax teams at multinational enterprises (MNEs) are managing EU VAT e-commerce rules, OSS and IOSS, and marketplace obligations. Meanwhile, MNEs are seeing an increase in online sales due to COVID-19. By Alice Jones October 06 2021
Pandora Papers will increase scrutiny on MNE tax affairs Leaked financial information about offshore accounts could implicate multinational enterprises (MNEs) and lead to criminal convictions. By Alice Jones October 04 2021
This week in tax: One step closer to public CbCR This week the European Council (EC) adopted the proposed directive, making public country-by-country reporting (CbCR) a real possibility across the EU. By Josh White & Alice Jones & Anugraha Sundaravelu October 01 2021
Tax directors fear DSTs could remain after an OECD agreement Governments may be reluctant to roll back unilateral digital services taxes (DSTs) even after an OECD solution on pillars one and two has been agreed, creating risks of double taxation. By Alice Jones September 29 2021
This week in tax: Gas crisis undermines EU carbon tax plan The energy crisis is increasing resistance to the European Green Deal, particularly with the plan to extend the Emissions Trading Scheme (ETS) and raise carbon taxes. By Josh White & Alice Jones & Leanna Reeves September 24 2021
Taxpayers weigh up the benefits and difficulties of remote working Tax teams may be more efficient and be able to recruit stronger candidates working from home. However, remote working also increases tax compliance challenges due to employee mobility. By Alice Jones September 22 2021
MNEs stand to gain greater tax certainty from joint audits Multinational enterprises (MNEs) should embrace being audited by different revenue authorities at the same time, said tax professionals at an ITR conference. By Alice Jones September 22 2021
