US-France digital tax compromise reduces economic instability Taxpayers across various sectors are relieved that the US and France have come to an agreement on digital service taxes that avoids trade tensions. By Danish Mehboob August 28 2019
US companies gain benefits under tailored carbon taxes Multinational companies, including ExxonMobil and Microsoft, are supporting a corporate-friendly US carbon tax with trade-offs where they pay more tax in exchange for tax certainty, including protection from emission disputes. By Danish Mehboob August 28 2019
Indian tax heads frustrated by slow tax reform with no timeline Tax heads at India’s largest companies are disappointed about the long wait for tax reform, especially the move to a 25% corporate tax rate, as the country tries to balance... By Danish Mehboob August 22 2019
Expanding UK property tax rules could stifle property investment Property companies and funds may face lower returns on investments in UK property owing to expanding tax rules that may discourage investment because of a rise in tax liability. By Danish Mehboob August 21 2019
Tax crackdown on cryptocurrencies open audit and dispute risks Taxpayers in the cryptocurrency space worry about audits and possible disputes under limited compliance guidelines as tax authorities rush to reinforce rules and collect back taxes on cryptocurrencies. By Danish Mehboob August 19 2019
US digital giants worried about domino effect from French DST Tax heads at Amazon and Facebook said France’s digital services tax (DST) adds uncertainty to an already ambiguous international tax environment because other countries can opt to undermine a multilateral... By Danish Mehboob August 16 2019
Blockchain could create tax certainty in transactional taxes In-house blockchain experts and consultants say companies and tax authorities can use distributed ledger technology to report and administer transactional taxes as real-time reporting increases. By Danish Mehboob August 05 2019
Enhanced accounting standards could curb investor tax frustrations Companies are starting to explore whether the UK Corporate Accountability Network’s latest accountancy framework - which requires tax data to be included in financial accounts for investor analysis - benefits... By Danish Mehboob July 29 2019
G7 leaders push ahead with global minimum tax The finance ministers of the G7 countries have agreed that a global minimum tax should be introduced to ensure companies like Facebook and Amazon pay ‘their fair share of tax’. By Danish Mehboob July 19 2019
Survey results: Untangling CFC structures Multinational businesses are simplifying structures to navigate the rules that target controlled foreign corporations (CFCs) and their shareholders. ITR asked those tax heads who have adopted this approach to share... By Danish Mehboob July 15 2019
