This week in tax: US drops threat of tariffs over digital tax Following the OECD tax agreement, the US government has cut a deal with five European countries to put aside the threat of tariffs over digital tax measures. By Josh White & Alice Jones & Anugraha Sundaravelu October 22 2021
TP directors strive to mitigate risks during the next phase of COVID-19 Businesses are minimising transfer pricing (TP) risks from COVID-19 by collaborating with human resources (HR) teams, developing more comprehensive documentation, and working more closely with tax authorities. By Alice Jones October 22 2021
TP technology is reaching new capabilities Transfer pricing (TP) teams at multinational enterprises (MNEs) are increasingly automating complex compliance projects such as managing country-specific risks, as the technology evolves. By Alice Jones October 20 2021
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
