US Congress seeks TCJA changes ahead of global minimum tax rate The US Senate Finance Committee is proposing modifications to international provisions in the Tax Cuts and Jobs Act (TCJA) to support the OECD’s pillar two proposal for a global minimum... By Danish Mehboob August 27 2021
This week in tax: UK set on tax data grab This week the UK tax authority HM Revenue and Customs (HMRC) moved to collect yet more data from taxpayers in preparation for the post-pandemic future. By Danish Mehboob & Josh White & Alice Jones August 27 2021
ECA calls for higher evidence standards in state aid investigations The European Court of Auditors (ECA) warned the European Commission against depending on complaints to pick-up state aid breaches if the shortcomings in the Directive on Admistrative Cooperation (DAC) framework... By Danish Mehboob August 23 2021
This week in tax: Tax changes in US $3.5 trillion policy package await Congressional vote Top House Democrats are moving forward to vote on a budget blueprint for a $3.5 trillion package that would make important tax changes, including an increase in the global intangible... By Danish Mehboob August 20 2021
Survey: Taxing the digital economy Take our short anonymous survey to share your views on the impact of the OECD's two-pillar solution and wider digital tax agenda. By Danish Mehboob August 16 2021
China’s tax commissioner calls for e-administration for tax certainty China’s State Tax Administration's (STA) Commissioner Wang Jun said digital transformations including a one-stop-shop for taxpayers helped the STA remain active in the COVID-19 pandemic. By Danish Mehboob August 09 2021
OECD 2021 corporate tax report makes the case for pillar two The OECD's annual corporate tax report offers evidence of ongoing base erosion and profit shifting (BEPS) to support a global minimum corporate tax, which developing countries need to protect their... By Danish Mehboob August 02 2021
EU scopes Singapore for ‘blacklist’ amid crackdown on shell entities Singapore is a part of scoping exercises for the EU list of non-cooperative tax jurisdictions (EU tax blacklist), meanwhile a consultation on shell companies could add greater substance tests for... By Danish Mehboob July 27 2021
Tax advisors expect more joint audits as reporting troubles grow The use of joint audits is increasing to mitigate cross-border issues from the expansion of tax transparency under Directive 2011/16/EU (DAC), especially as over-reporting with Directive 2018/822 (DAC6) continues to... By Danish Mehboob July 19 2021
Women in Tax: DST compliance confused between direct and indirect tax teams Tax directors say confusion persists over whether direct or indirect tax teams should manage compliance for different digital services taxes (DSTs), which is forcing a work split across teams. By Danish Mehboob July 13 2021
