This week in tax: 2022 set to be a year of global tax reform Governments around the world are expected to implement OECD plans for digital tax reform, but these plans are far from the only changes on the agenda. By Josh White & Alice Jones & Leanna Reeves January 14 2022
Governments debate cutting VAT on domestic energy bills Countries including the UK are considering cutting VAT on domestic energy bills to mitigate rising prices due to the energy crisis. Meanwhile, energy firms could face a windfall tax. By Alice Jones January 12 2022
This week in tax: Cairn drops lawsuit to claim Indian tax refund This week Scottish oil company Cairn Energy ended its battle with the Indian government in exchange for a refund of more than $1 billion in back taxes. By Josh White & Alice Jones & Leanna Reeves January 07 2022
Q4 2021: Top indirect tax disputes In the final quarter of 2021, the CJEU ruled in favour of a pharmaceutical company, the US dropped its tariff threat against European countries over DSTs, and Uber faced another... By Alice Jones January 05 2022
Tax competition will continue after OECD deal is implemented The OECD-led pillar one and pillar two tax deal will not bring an end to global tax competition, but tax directors and policymakers agree that it will change how countries... By Alice Jones December 13 2021
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
