Taxpayers ask for a clear purpose to pillar one Clearer problem statement and definitions of digital activity need to be set by the OECD for taxpayers to advance the conversation on Amounts A, B, and C in pillar one. By Danish Mehboob November 25 2019
Retail banking argues for exclusion from pillar one The retail banking sector wants to be exempted from the pillar one proposals under the OECD’s digital tax plan because of existing, heavy financial regulations and possible mismatches with OECD... By Danish Mehboob November 25 2019
Taxpayers ask for ‘carve-out’ details in pillar one feedback Tax professionals are taking a closer look at the criteria being used to determine which industries should benefit from a carve out on the digital tax proposals ahead of the... By Danish Mehboob November 14 2019
IBM explores blockchain for transparency and compliance IBM is building proof-of-concept applications on blockchain to improve tax compliance, including a database that may curb disputes by better data management ahead of more disclosures. By Danish Mehboob November 14 2019
Tax directors advise their board on tax crimes ahead of DAC6 Tax directors are advising their corporate boards on tax criminality risks ahead of disclosure regimes that expand reporting liabilities and data that tax professionals fear authorities will utilise for audits. By Danish Mehboob November 13 2019
Mixed interest in expanding tax incentives for data centres Environmental and permanent establishment concerns are slowing corporate investment in data centre developments despite countries introducing tax incentives to cash in on the digital economy growth. By Danish Mehboob November 11 2019
OECD stuck on simplifying pillar two The OECD is tinkering with technical challenges in its global anti-base erosion (GloBE) proposal under pillar two of the digital tax proposals as part of a public consultation. By Danish Mehboob November 08 2019
How the UAE is making tax digital As the UAE continues to build its tax system, taxpayers look to digital infrastructure to make reporting and compliance simpler. By Danish Mehboob November 04 2019
Taxpayers prepare data for public CbCR in the EU Taxpayers have to maintain high quality data to avoid reputational risks as the EU Parliament moves to make country-by-country reporting (CbCR) public. By Danish Mehboob November 01 2019
Data management sets the pace for tax transformation Tax directors and tax technologists agree on the value of the specific policy that managing data is the key to unlocking the potential of tax departments of the future. By Danish Mehboob October 24 2019
