Digital Economy Summit shines spotlight on OECD digital tax plans The OECD’s digital tax plans were the highlight of ITR’s Digital Economy Summit as the digital marketplace expands amid the COVID-19 pandemic and taxpayers speculate on multiple taxation risks ahead... By Danish Mehboob & Josh White November 04 2020
EU may keep DST even after the OECD finalises digital tax plans Countries will need to remove unilateral digital tax measures as a condition for an OECD solution, but some advisors suggest the EU may not need to remove its proposed digital... By Danish Mehboob November 02 2020
ITR Digital Economy Summit 2020 spotlights OECD digital tax plans The OECD’s digital tax plans were the highlight of this year’s ITR Digital Economy Summit as the online marketplace expands amid the COVID-19 pandemic and taxpayers speculate on multiple taxation... By Danish Mehboob October 30 2020
OECD report moves crypto-assets closer to a uniform tax framework Tax administrations are planning to use the OECD’s recently released guidance to help standardise the tax treatment of crypto-assets in the digital economy that could include a financial transactions tax... By Danish Mehboob October 26 2020
OECD’s blueprint on global minimum tax is a ‘compliance monster’ The OECD expects to reach an agreement on its two-pillar digital tax blueprints by mid-2021, but many stakeholders still say the approach is too complicated, while alternative tax proposals risk... By Danish Mehboob October 16 2020
The OECD updates digital tax plan, consensus possible by mid-2021 The OECD released political and technical developments to its digital tax plans on October 12, but the COVID-19 pandemic impeded communication across stakeholders, delaying consensus on pillar one and two... By Danish Mehboob October 12 2020
Corporate tax burdens will rise regardless of US election outcome Large businesses will likely see their effective tax rates rise regardless of the outcome of the US presidential election and changes to the GILTI rules appear inevitable. By Danish Mehboob October 08 2020
India’s Vodafone dispute continues to scare off foreign investment Vodafone’s victory in court against the Indian government will not stop controversial, retrospective tax collections on transfers in India, which continue to limit large business investments in the country. By Danish Mehboob October 05 2020
Relying on ‘limited, reactive’ tax transformations in a multiple ERP environment As tax departments receive more attention amid the pandemic, tax directors are reviewing cases for transformations. Many are focusing on fixing data quality issues with other departments, and improving access... By Danish Mehboob September 28 2020
Tax directors should educate colleagues and intermediaries for DAC6 success Tax directors in multinational enterprises (MNEs) should educate their colleagues and external partners who do not understand their responsibilities around the EU Directive on Administrative Cooperation (DAC6) to avoid disagreements... By Danish Mehboob & Alice Jones September 21 2020
