OECD’s blueprint on global minimum tax is a ‘compliance monster’ The OECD expects agreement on its two-pillar digital tax blueprints by mid-2021, but many stakeholders still find the approach too complicated, while alternative tax proposals risk trade wars and multiple... By Danish Mehboob October 16 2020
The OECD updates digital tax plan, consensus possible by mid-2021 The OECD released political and technical developments to its digital tax plans on October 12, but the COVID-19 pandemic impeded communication across stakeholders, delaying consensus on pillar one and two... By Danish Mehboob October 12 2020
Corporate tax burdens will rise regardless of US election outcome Large businesses will likely see their effective tax rates rise regardless of the outcome of the US presidential election and changes to the GILTI rules appear inevitable. By Danish Mehboob October 08 2020
India’s Vodafone dispute continues to scare off foreign investment Vodafone’s victory in court against the Indian government will not stop controversial, retrospective tax collections on transfers in India, which continues to limit large business investment in the country. By Danish Mehboob October 05 2020
Relying on ‘limited, reactive’ tax transformations in a multiple ERP environment As tax departments receive more attention amid the pandemic, tax directors are reviewing cases for transformations. Many are focusing on fixing data quality issues with other departments, and improving access... By Danish Mehboob September 28 2020
Tax directors should educate colleagues and intermediaries for DAC6 success Tax directors in multinational enterprises (MNEs) should educate their colleagues and external partners who do not understand their responsibilities around the EU Directive on Administrative Cooperation (DAC6) to avoid disagreements... By Danish Mehboob & Alice Jones September 21 2020
Ending temporary guidance on tax residency adds to PE uncertainty Taxpayers are bracing for profitability and substance challenges because temporary tax guidance on permanent establishment (PE) issues will end and most governments are avoiding discussions on lasting measures that can... By Danish Mehboob September 21 2020
More M&A investments expected in Brazil after tax reform Global tax directors are backing tax reform in Brazil despite short-term uncertainties, including litigation risks, because tax harmonisation with OECD countries will bring in more investment from large businesses. By Danish Mehboob September 14 2020
Businesses prioritise tax functions ahead of more controversy in Asia Asia-based tax directors are expecting more controversy and litigation as the profile of their tax departments rise during the COVID-19 pandemic. By Danish Mehboob September 07 2020
APAC tax heads bemoan ‘mountain of work’ under pillar one Tax professionals say they have more questions than answers on pillar one of the OECD’s digital tax proposals, and expect a lot of difficult administrative work on Amount A. By Danish Mehboob September 02 2020
