OECD 2021 corporate tax report makes the case for pillar two The OECD's annual corporate tax report offers evidence of ongoing base erosion and profit shifting (BEPS) to support a global minimum corporate tax, which developing countries need to protect their... By Danish Mehboob August 02 2021
Tax advisors expect more joint audits as reporting troubles grow The use of joint audits is increasing to mitigate cross-border issues from the expansion of tax transparency under Directive 2011/16/EU (DAC), especially as over-reporting with Directive 2018/822 (DAC6) continues to... By Danish Mehboob July 19 2021
Women in Tax: DST compliance confused between direct and indirect tax teams Tax directors say confusion persists over whether direct or indirect tax teams should manage compliance for different digital services taxes (DSTs), which is forcing a work split across teams. By Danish Mehboob July 13 2021
G20 endorses OECD’s July statement on two-pillar solution The G20 finance ministers have endorsed key components of the OECD’s two-pillar proposals and started setting the international agenda for environmental tax policy changes to come. By Danish Mehboob July 12 2021
This week in tax: 130 countries agree on minimum tax rate plan Most countries participating in the Inclusive Framework (IF) signed an agreement supporting a global minimum corporate tax rate this week. By Danish Mehboob & Josh White & Alice Jones July 02 2021
130 countries sign up to BEPS 2.0 framework, but holdouts persist The OECD Inclusive Framework (IF) on BEPS found agreement on the two-pillar digital tax solution with 130 countries, but there are notable holdouts including Ireland, Hungary, and Nigeria. By Danish Mehboob July 02 2021
ICAP programme offers a ‘fast track’ to multilateral APAs Favourable outcome letters from the International Compliance Assurance Programme (ICAP) helped Barilla and other multinational enterprises (MNEs) secure multilateral advance pricing agreements (APAs), despite an increased risk of audits. By Danish Mehboob June 28 2021
Global tax database highlights higher patent box expenditures Records from the Global Tax Expenditures Database (GTED) show higher government spending on patent box regimes, one of a few options that may continue a race to the bottom despite... By Danish Mehboob June 21 2021
G7 agreement needs China’s support to win over G20 The G7 agreement on global tax reform needs China’s vote at the upcoming G20 meeting for wider approval, but some finance ministers are already criticising the revised pillar one and... By Danish Mehboob June 14 2021
Russia terminates Dutch tax treaty, protections end in 2022 Russia’s notice to terminate its double tax agreement with the Netherlands signifies the country’s determination to renegotiate a range of treaties to increase withholding tax (WHT) on interest and dividend... By Danish Mehboob June 08 2021
