This week in tax: Tax changes in US $3.5 trillion policy package await Congressional vote Top House Democrats are moving forward to vote on a budget blueprint for a $3.5 trillion package that would make important tax changes, including an increase in the global intangible... By Danish Mehboob August 20 2021
Survey: Taxing the digital economy Take our short anonymous survey to share your views on the impact of the OECD's two-pillar solution and wider digital tax agenda. By Danish Mehboob August 16 2021
China’s tax commissioner calls for e-administration for tax certainty China’s State Tax Administration's (STA) Commissioner Wang Jun said digital transformations including a one-stop-shop for taxpayers helped the STA remain active in the COVID-19 pandemic. By Danish Mehboob August 09 2021
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
EU scopes Singapore for ‘blacklist’ amid crackdown on shell entities Singapore is a part of scoping exercises for the EU list of non-cooperative tax jurisdictions (EU tax blacklist), meanwhile a consultation on shell companies could add greater substance tests for... By Danish Mehboob July 27 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
