Controversial UN treaty provision for a digital tax awaits final approval Tax experts suggest the final draft of the UN’s Article 12B treaty proposal to tax automated digital services (ADS) could impede the OECD’s multilateral digital tax agenda as an alternative... By Danish Mehboob April 16 2021
Why corporate inversions might return with Biden tax reforms The Biden administration has plans to raise effective corporate tax rates as part of the Made in America plan, however, advisors warn this could lead to the return of the... By Danish Mehboob April 12 2021
The Made in America tax plan is rewriting the TCJA The Biden administration’s Made in America tax plan proposes changes to the 2017 Tax Cuts and Jobs Act (TCJA) to align with the OECD’s global minimum tax proposal. By Danish Mehboob April 08 2021
US Corporate Transparency Act adds to taxpayer compliance burden In-house tax directors and their advisors expect a higher compliance burden by January 2022 as the Corporate Transparency Act (CTA) introduces beneficial ownership reporting rules in the US. By Danish Mehboob March 26 2021
UK surprises taxpayers with TP rules instead of CGT hike on ‘Tax Day’ HM Treasury unveiled more than 30 updates to UK tax policy on March 23, which Chancellor Rishi Sunak dubbed ‘Tax Day’. The proposals include important TP changes, but no highly-anticipated... By Danish Mehboob March 24 2021
Turnover taxes do not violate EU state aid law, finds CJEU Turnover taxes in Poland and Hungary are compatible with EU state aid rules, according to the Court of Justice of the European Union (CJEU). By Danish Mehboob March 19 2021
Hong Kong stamp duty hike offers a chance to reduce compliance burden The unexpected 30% stamp duty rate increase on stock transfers, which saw shares on the main stock exchange HKEX tumble by 8.8%, could precipitate a dialogue between taxpayers and the... By Danish Mehboob & Alice Jones March 17 2021
Incoming OECD secretary-general to face higher tax policy pressures Former Australian finance minister Mathias Cormann will begin his five-year term as OECD secretary-general by focusing on the coronavirus economic recovery, climate change and digital tax but climate experts are... By Danish Mehboob March 16 2021
US participation in OECD talks leading to simpler digital tax rules, says OECD official The US global intangible low-taxed income (GILTI) rules and OECD global minimum tax regime under pillar two will be better coordinated now that the US is involved in talks, creating... By Danish Mehboob March 15 2021
EU launches DAC8 consultation on reporting crypto-assets and e-money Starbucks, PayPal and IBM are among the companies that may face more reporting obligations under a consultation document released by the European Commission about extending the exchange of tax information... By Danish Mehboob March 11 2021
