HMRC has informed tax directors that it will impose automated assessments on online sellers with inaccurate VAT returns, in a bid to fight fraud.
UK businesses need to reset after the Upper Tribunal ruled against BlackRock over interest deductions it claimed on $4 billion in inter-company loans, say sources.
Hong Kong SAR’s incoming regime for foreign income exemptions could remove it from an EU tax watchlist but hand Singapore top spot in APAC.
Congress passed legislation with $52 billion in tax credits and other incentives on July 28 to boost production at US semiconductor companies.
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Loek Helderman and Chris Morgan of KPMG explain that tax transparency is set to become an integral part of ESG disclosures. -
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Budgetary changes could result in a capital gains tax rate of 53%, says Solange Dias Nóbrega of Morais Leitão, as Portugal’s policy of heavy taxation of individuals shows no sign of being reversed.
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KPMG experts discuss navigating the current trends among SWP funds and preparing for those potentially on the horizon.
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This week the US Senate reached a historic compromise to secure a corporate minimum tax rate, while the UK is facing tax cuts no matter who succeeds Prime Minister Boris Johnson.
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The endorsement of pillar one could be jeopardised because of uncertainty around two core elements, known as Amount A and B.
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Multinationals could continue to face transfer pricing difficulties as consensus around the OECD’s two-pillar solution stalls.
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ITR is delighted to reveal all the shortlisted firms, teams, and practitioners – winners to be announced on September 15
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Global financial challenges are making it increasingly difficult for tax directors to attract and retain professionals owing to increased competition, sources tell ITR.
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Tax directors are worried about the large amounts of working capital that is held up in GST credits and the looming audits in India.
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As Latin American countries increasingly align with the OECD, transfer pricing (TP) remains a hot topic, while jurisdictions continue to introduce tax reforms in the wake of COVID-19. ITR’s correspondents offer an overview.
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A global regulatory framework won approval in an OECD technical working group and could become the standard for taxing assets in G20 countries by 2023.
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The OECD’s global minimum tax rate needs to start somewhere, but sources say it is in no country’s best interest to enact pillar two first.
