Average OECD tax-to-GDP ratios rose in 2020 despite pandemic OECD countries saw a marginal increase in their tax-to-GDP ratios from 2019 to 2020. This is despite the widespread disruption caused by the COVID-19 pandemic. By Alice Jones December 07 2021
This week in tax: Will the EU VAT gap get worse? The EU VAT gap was slightly better before COVID-19 than it was in previous years, however, the impact of the pandemic may have set back governments trying to tackle the... By Josh White & Alice Jones December 03 2021
EU analysis finds VAT gap remained significant in 2019 EU member states lost an estimated €134 billion ($152 billion) in VAT revenue in 2019, according to an EU report. This is due to tax avoidance and evasion, bankruptcies, and... By Alice Jones December 03 2021
Tax teams are changing their structures to address environmental taxes Multinational enterprises (MNEs) are upskilling employees and centralising tax functions to manage the rise of environmental tax reforms around the world. By Alice Jones December 01 2021
This week in tax: Germany’s coalition backs higher EU carbon price This week, SPD leader Olaf Scholz secured a coalition agreement with the Greens and the FDP. The deal included a proposal to introduce a carbon floor price, propelling EU ETS... By Josh White & Alice Jones & Leanna Reeves November 26 2021
Fair Tax Mark goes global with new standard Multinational enterprises (MNEs) headquartered outside the UK will be eligible for accreditation for the first time under the Global Multinational Business Standard. By Alice Jones November 25 2021
This week in tax: EU on track for public CbCR by 2023 This week the European Parliament voted to implement public country-by-country reporting (CbCR) across the EU. The vote was the last obstacle for making public CbCR a reality across the economic... By Danish Mehboob & Alice Jones & Leanna Reeves November 12 2021
Tax teams will play a central role in company ESG compliance In-house tax teams will work increasingly collaboratively with other departments within their companies to manage environmental, social, and governance (ESG) responsibilities as legislative changes ramp up. By Alice Jones November 10 2021
Q3 2021: Top indirect tax disputes In the third quarter of 2021, India continued to make headlines on indirect tax issues, while the Malaysian Sales Tax Act faced one of its first tests in court. By Alice Jones November 03 2021
What taxpayers should expect from COP26 The global climate conference could lead to greater harmonisation on carbon pricing, although a global agreement is unlikely. Yet COP26 could have far-reaching implications for energy and financial tax policy. By Alice Jones October 27 2021
