2021 set to put higher direct tax burdens on large businesses Tax directors are scrutinising their cash-flow models, while some large businesses are outsourcing more of their tax functions to the Big Four accounting firms to help with incoming tax and... By Danish Mehboob January 18 2021
Microsoft warns digital tax agenda may fail on its complexity The OECD faces criticism from cloud-computing services for not including enough technical detail in its latest blueprints and economic impact assessment of the two-pillar solution ahead of a highly anticipated... By Danish Mehboob January 11 2021
UK opts out of DAC6 to follow OECD rules after Brexit The UK tax authority, HM Revenue and Customs (HMRC), has removed many EU mandatory disclosure requirements ahead of the January 30 filing deadline, and announced plans to adopt the OECD’s... By Danish Mehboob January 04 2021
Trading platforms limit their Spanish assets in response to FTT US investment app Robinhood and other financial services companies are limiting their services in response to Spain’s financial transactions tax (FTT). By Danish Mehboob December 18 2020
OECD advances its tax certainty agenda ahead of digital tax reform Achim Pross, head of the international cooperation and tax administration division at the OECD, says the Forum on Tax Administration’s (FTA) December 8 plenary session may help advance discussions on... By Danish Mehboob December 07 2020
Denmark’s proposed CFC changes pressure energy businesses The Danish government’s bill to change controlled foreign corporation (CFC) rules is facing criticism from the EU and business leaders for overreaching on the Anti-Tax Avoidance Directive (ATAD) by excluding... By Danish Mehboob November 30 2020
OECD director: FS sector should follow four areas in digital tax debate The role of fund managers and financial technology in the financial services (FS) sector is keeping negotiations about partial inclusion on the table for more than 137 countries participating in... By Danish Mehboob November 23 2020
Taxpayers explore bolt-on TP solutions as audits rise Companies turn to bolt-on system solutions to manage a rise in audits after a year of unexpected transfer pricing (TP) adjustments due to the COVID-19 pandemic. By Danish Mehboob November 16 2020
HMRC advances real-time reporting for corporate tax HM Revenue & Customs (HMRC) is expanding its Making Tax Digital (MTD) regime to include corporate tax disclosures, but some taxpayers expect “teething challenges” following a number of problems in... By Danish Mehboob November 13 2020
CbCR disclosures open audit questions, disputes could follow Audit activity returned in many jurisdictions in October, but yet more lockdown measures means a shift to desk-based audits and data-led analysis, including more queries about country-by-country reports. By Danish Mehboob November 09 2020
