Countries clarify reporting after EU Council deferred DAC6 The UK is the latest country to defer reporting requirements under the EU’s mandatory disclosure regime after the EU Council agreed to defer reporting by six months, but not all... By Danish Mehboob June 25 2020
Tax economists double down on global tax multilateralism International Commission for the Reform of International Corporate Taxation’s (ICRICT) Joseph Stiglitz has reemphasised the need for global tax reforms after the US pulled out of digital tax negotiations with... By Danish Mehboob June 19 2020
Tax challenges will likely focus on benchmarking digital products Digital consumer-facing companies with hard-to-value intangibles (HTVI), such as visual effects software, are preparing for transfer pricing challenges as countries begin looking to recover tax revenues. By Danish Mehboob June 15 2020
Businesses prepare for Gulf’s expansion into corporate taxes Tax directors based in the United Arab Emirates (UAE) foresee corporate taxes in 2021 after Saudi Arabia broadened its tax base by tripling its VAT rate, a move that is... By Danish Mehboob June 08 2020
Companies with ties to tax havens face new risk from DAC6 The EU Council agreed to defer the mandatory disclosure regime (DAC6) for six months, but long-term reporting uncertainties persist in cases where companies might be tied to blacklisted jurisdictions. By Danish Mehboob June 05 2020
EU’s single market tax criticised for opening the door for more taxes The EU’s recovery plan includes a controversial 0.1% levy on companies benefiting from the EU single market, which is being described as the new common consolidated corporate tax base proposal,... By Danish Mehboob June 01 2020
Businesses consider renegotiating APAs for an exit strategy Tax directors intend to revise force majeure clauses in advanced pricing agreements (APAs) and inter-company contracts after finding limited certainty on deferring certain contractual obligations and maintaining agreements under the... By Danish Mehboob May 28 2020
Businesses continue to seek certainty on tax residency India is the latest country to address forced corporate tax residency issues, amid the COVID-19 pandemic, as more countries consider adapting rules to align with OECD guidance. By Danish Mehboob May 11 2020
The European Commission extends DAC6 reporting deadline Taxpayers and tax administrations have three more months to set up their reporting systems after the European Commission decided to extend the July deadline with the option of another three-month... By Danish Mehboob May 11 2020
Tax professionals forecast ‘flurry of M&A activity’ Some businesses are walking away from M&A deals in 2020, but tax advisors expect a flurry of M&A activity if business constraints under COVID-19 conditions lessen in Q3 of 2020... By Danish Mehboob & Mattias Cruz Cano May 04 2020
