Pandora Papers will increase scrutiny on MNE tax affairs Leaked financial information about offshore accounts could implicate multinational enterprises (MNEs) and lead to criminal convictions. By Alice Jones October 04 2021
This week in tax: One step closer to public CbCR This week the European Council (EC) adopted the proposed directive, making public country-by-country reporting (CbCR) a real possibility across the EU. By Josh White & Alice Jones & Anugraha Sundaravelu October 01 2021
Tax directors fear DSTs could remain after an OECD agreement Governments may be reluctant to roll back unilateral digital services taxes (DSTs) even after an OECD solution on pillars one and two has been agreed, creating risks of double taxation. By Alice Jones September 29 2021
This week in tax: Gas crisis undermines EU carbon tax plan The energy crisis is increasing resistance to the European Green Deal, particularly with the plan to extend the Emissions Trading Scheme (ETS) and raise carbon taxes. By Josh White & Alice Jones & Leanna Reeves September 24 2021
Taxpayers weigh up the benefits and difficulties of remote working Tax teams may be more efficient and be able to recruit stronger candidates working from home. However, remote working also increases tax compliance challenges due to employee mobility. By Alice Jones September 22 2021
MNEs stand to gain greater tax certainty from joint audits Multinational enterprises (MNEs) should embrace being audited by different revenue authorities at the same time, said tax professionals at an ITR conference. By Alice Jones September 22 2021
This week in tax: US reform bill may end the ETF tax advantage The US could end the tax advantage for exchange-traded funds (ETFs) as part of a bill to revise the tax code ahead of international tax reform. By Josh White & Alice Jones & Anugraha Sundaravelu September 17 2021
Tax transparency increasingly crucial for attracting investment Corporate investors are increasingly using company tax policy as a metric by which to measure the risk profile of multinational enterprises (MNEs), according to speakers at a University of St... By Alice Jones September 15 2021
This week in tax: Amazon’s UK tax bill rises with sales surge This week US online shopping company Amazon reported its 2020 tax bill had risen after its UK sales surged during the COVID-19 pandemic. By Josh White & Alice Jones & Anugraha Sundaravelu September 10 2021
MNEs use shared service centres to bolster digitalisation projects Multinational enterprises (MNEs) can move global tax and finance teams to a shared service centre (SSC) to aid tax digitalisation projects, according to panellists at ITR’s Asia Tax Forum. By Alice Jones September 08 2021
