The unfolding crisis of the Russia-Ukraine war has widespread tax implications for multinational companies. The economic fallout of the war spells greater transfer pricing risks and higher taxes.
Global Tax 50 highlights the most influential individuals, organisations and geopolitical events in the tax world. Acting Managing Editor Josh White introduces the 2021-22 edition of the landmark feature.
The political race to international tax reform is near its end, but the technical work remains. Yet pillar two is turning out to be a much bigger problem than pillar one for large multinational companies, writes Danish Mehboob.
Tax incentives for renewables remain insufficient to support green energy, according to ITR’s survey respondents. Taxpayers expect governments to end fossil fuel tax breaks and increase carbon and plastic taxes to tackle climate change.