Denmark’s proposed CFC changes pressure energy businesses The Danish government’s bill to change controlled foreign corporation (CFC) rules is facing criticism from the EU and business leaders for overreaching on the Anti-Tax Avoidance Directive (ATAD) by excluding... By Danish Mehboob November 30 2020
OECD director: FS sector should follow four areas in digital tax debate The role of fund managers and financial technology in the financial services (FS) sector is keeping negotiations about partial inclusion on the table for more than 137 countries participating in... By Danish Mehboob November 23 2020
Taxpayers explore bolt-on TP solutions as audits rise Companies turn to bolt-on system solutions to manage a rise in audits after a year of unexpected transfer pricing (TP) adjustments due to the COVID-19 pandemic. By Danish Mehboob November 16 2020
HMRC advances real-time reporting for corporate tax HM Revenue & Customs (HMRC) is expanding its Making Tax Digital (MTD) regime to include corporate tax disclosures, but some taxpayers expect “teething challenges” following a number of problems in... By Danish Mehboob November 13 2020
CbCR disclosures open audit questions, disputes could follow Audit activity returned in many jurisdictions in October, but yet more lockdown measures means a shift to desk-based audits and data-led analysis, including more queries about country-by-country reports. By Danish Mehboob November 09 2020
Women in Tax events highlight the key concerns of tax directors Taxpayers at ITR’s virtual Women in Tax forums held in the Americas and Europe say career progression requires the support of good mentors, a corporate sponsorship programme, building a good... By Danish Mehboob & Alice Jones November 04 2020
Digital Economy Summit shines spotlight on OECD digital tax plans The OECD’s digital tax plans were the highlight of ITR’s Digital Economy Summit as the digital marketplace expands amid the COVID-19 pandemic and taxpayers speculate on multiple taxation risks ahead... By Danish Mehboob & Josh White November 04 2020
EU may keep DST even after the OECD finalises digital tax plans Countries will need to remove unilateral digital tax measures as a condition for an OECD solution, but some advisors suggest the EU may not need to remove its proposed digital... By Danish Mehboob November 02 2020
ITR Digital Economy Summit 2020 spotlights OECD digital tax plans The OECD’s digital tax plans were the highlight of this year’s ITR Digital Economy Summit as the online marketplace expands amid the COVID-19 pandemic and taxpayers speculate on multiple taxation... By Danish Mehboob October 30 2020
OECD report moves crypto-assets closer to a uniform tax framework Tax administrations are planning to use the OECD’s recently released guidance to help standardise the tax treatment of crypto-assets in the digital economy that could include a financial transactions tax... By Danish Mehboob October 26 2020
