The forum heard that VAT professionals are struggling under new pressures to validate transactions and catch fraud, responsibilities that they say should lie with governments.
UAE firm Virtuzone launches ‘TaxGPT’, claiming it is the first AI-powered tax tool, while the Australian police faces claims of a conflict of interest over its PwC audit contract.
ITR’s Indirect Tax Forum heard that Italy’s VAT investigation into Meta has the potential to set new and expensive tax principles that would likely be adopted around the world
A VAT policy officer at the European Commission told the forum that the initial deadline set for EU convergence of domestic digital VAT reporting is likely to be extended.
PwC Global flies executives out to help manage the Australian tax leaks scandal, while the UAE issues new corporate tax rules to clarify the scope of investment earnings.
The Financial Times has revealed that judges in England and Wales hold investments in controversial tax avoidance schemes, raising concerns about judicial conflicts of interest.
Developing countries may lose out on pillar two tax revenues if they are not supported with digital tax transformation, the OECD tells the G7 and central bank governors.
PwC Australia has seen three prominent resignations over claims the firm used leaked information to win new business, while US pharmaceutical companies face more difficult tax questions.
