Italy’s lost VAT revenue is the highest in the EU, Guernsey shoots down new GST proposals, Egypt introduces VAT on tobacco products, and more
The controversial measure is being watered down after criticism from the European Central Bank.
The ECB warns the tax could leave banks with weaker capital levels, while the UAE publishes guidance on its new corporate tax regime.
UN Secretary-General António Guterres calls for a bigger role in tax policy, while tax haven Bermuda plans to introduce its first-ever corporate tax.
Sponsored by Gatti Pavesi Bianchi LudoviciPaolo Ludovici and Andrea Iannaccone of Gatti Pavesi Bianchi Ludovici argue that a decision by the Italian court violates the European freedoms in treating a non-resident taxpayer differently from resident entities without justification
Sponsored by Crowe Valente/Valente Associati GEB PartnersCarola Valente of Crowe Valente/Valente Associati GEB Partners explains why ESG goals and requirements are intertwined with transfer pricing, and how multinationals can mitigate the associated risks throughout value chains
Sponsored by Gatti Pavesi Bianchi LudoviciPaolo Ludovici and Daniel Canola of Gatti Pavesi Bianchi Ludovici report on the extension of the creditability of foreign taxes to the Italian regional tax on productive activities, subject to the international tax treaty involved