OECD addresses corporate residency concerns for MNEs The OECD aims to address some tax issues arising from COVID-19 such as corporate residency and permanent establishment (PE) concerns in certain jurisdictions where employees are stuck and working remotely. By Danish Mehboob April 06 2020
OECD continues to rewrite tax rules amid disruptions Taxpayers said that revised global profit allocation rules will overcomplicate an already strained tax system at a time when businesses face widespread economic uncertainty. By Danish Mehboob April 03 2020
APA negotiations slow under remote working conditions Remote working conditions have slowed advance pricing agreement (APA) negotiations and advisors fear an increasingly uncertain tax environment may not provide enough stability to pursue them. By Danish Mehboob March 30 2020
Businesses face more audit concerns in treasury hubs Taxpayers are noting a rise in tax uncertainty in financing operations such as building and securing liquidity because of an increase in transfer pricing (TP) audits and a crackdown on... By Danish Mehboob March 30 2020
Coronavirus disrupts corporate reporting and compliance Tax professionals say coronavirus disruptions are having a material impact on corporate transfer pricing (TP) documents such as the functional analysis where significant adjustments can lead to disputes. By Danish Mehboob March 23 2020
Large businesses relieved over UK’s IR35 delay Most industry stakeholders, including tax barristers and large businesses, welcome the UK government’s decision to postpone the off-payroll working rules for the private sector for a year amid COVID-19 disruptions. By Danish Mehboob March 18 2020
Data management is crucial to make CbCR successful Taxpayers told the OECD that aligning country-by-country reporting (CbCR) and the Global Reporting Initiative (GRI) could limit repeating tax information. By Danish Mehboob March 16 2020
UK budget curbs short-term business uncertainty Tax professionals welcomed temporary tax measures to improve the UK’s investment environment in the face of coronavirus fears, but many of the measures will not directly benefit large businesses. By Danish Mehboob March 12 2020
Businesses disillusioned by tax technology market gap Tax directors share their dissatisfaction with technologies such as machine learning because many add-ons, including those marketed by the Big Four firms, do not fit their business needs and systems. By Danish Mehboob March 09 2020
Taxpayers see long-term challenges under UK’s IR35 regime Tax professionals told ITR that the tools designed to assess employment status are not fit for purpose, creating continued uncertainty over how to comply with the UK off-payroll working rules... By Danish Mehboob March 09 2020
