ITR Global Tax 50 2021-22: OpenLux Investigations The OpenLux investigation found that more than half of the companies registered in Luxembourg were not declaring their beneficial owners on the public register, leading to more calls for tax... By Danish Mehboob February 16 2022
ITR Global Tax 50 2021-22: Pillar two The OECD’s digital tax agenda is set to still be the hottest topic in tax policymaking in 2022, as many countries prepare the groundwork for a 15% global minimum corporate... By Danish Mehboob February 15 2022
ITR Global Tax 50 2021-22: Ursula von der Leyen European Commission President Ursula von der Leyen is doubling down on corporate tax reform and pushing for making country-by-country reporting (CbCR) public, while cracking down on EU-based shell companies. By Danish Mehboob February 14 2022
ITR Global Tax 50 2021-22: John Peterson John Peterson, head of the OECD’s aggressive tax planning unit, is responsible for pillar two’s global minimum tax framework. About 137 countries are drafting minimum taxes based on his design. By Danish Mehboob February 14 2022
This week in tax: North Sea profits raise calls for a UK windfall tax BP and Shell have reported record-breaking profits as the UK faces a natural gas crisis. The UK government is yet facing more calls for a windfall tax to be imposed... By Danish Mehboob & Josh White & Leanna Reeves February 11 2022
OECD launches last-minute consultation on pillar one and two The OECD is seeking business feedback on draft nexus and revenue sourcing rules in Amount A in pillar one of its two-pillar solution to the tax challenges of the digital... By Danish Mehboob February 07 2022
This week in tax: UK heading for a high tax era, warns CBI The UK is heading into an era of high taxes and low growth unless there is a “radical shift” to grant businesses a permanent investment deduction, according to the Confederation... By Danish Mehboob & Josh White & Leanna Reeves February 04 2022
UAE introduces corporate tax starting at 9% The UAE's Ministry of Finance (MOF) has finalised the first draft of its corporate tax framework. It headlines a 9% statutory rate on large businesses that will be effective from... By Danish Mehboob February 01 2022
Tax teams are trying but failing to budget for strategy over compliance Businesses are moving more of their budgets to tax strategy to prepare for several tax reforms, but a shortage of talent and technology issues stymie group tax directors from effectively... By Danish Mehboob January 31 2022
US lawmakers’ investigation into Bristol Myers hints at wider tax hunt The US Senate Finance Committee is investigating the tax affairs of pharmaceutical companies that might be abusing the international tax system to avoid US taxes through offshore structures. By Danish Mehboob January 24 2022
