Chile’s revamped GAAR marks a shift toward structural scrutiny, pushing MNEs to strengthen tax governance, economic substance and compliance strategies
New reforms represent the most seismic shift in Canadian TP legislation since its enactment and a clear inflection point for MNEs, ITR has heard
Spain did not transpose EU VAT rules for SMEs or works of art; in other news, an increased VAT threshold came into force in South Africa
While the IBS incorporates taxable events previously covered by state and municipal taxes, its governance and operational logic represent a significant departure from the legacy model
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Sponsored by YulchonSeveral South Korean transfer pricing cases have established clearer judicial standards emphasising robust comparability analysis and stronger functional and economic evidence. Yulchon tax partners provide practical insights for navigating the heightened requirements -
Sponsored by RSM IndonesiaIchwan Sukardi and T Qivi Hady Daholi of RSM Indonesia examine how geopolitical conflict and economic volatility are reshaping transfer pricing risk and enforcement, with a particular focus on Southeast Asia and Indonesia
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Sponsored by Spanish VAT ServicesFernando Matesanz of Spanish VAT Services analyses a new royal decree, its implementation timetable, and the first points of tension with the EU’s VAT Directive
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Hong Kong SAR’s 2023-24 budget sets out tax changes such as a patent box and one-off cuts to support the COVID-19 economic recovery.
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The EU should not rule out implementing pillar one on its own if global talks fail, according to French Finance Minister Bruno Le Maire.
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The proposal might offer a simpler alternative to the complex US corporate tax system, but a national sales tax is still a dead end in American politics.
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Prime Minister Rishi Sunak is facing growing pressure from Conservative MPs to cancel the increase in corporate rate scheduled in April.
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The Economic and Financial Affairs Council adds Russia to the EU blacklist of tax jurisdictions, while Internal Revenue Service Commissioner nominee Danny Werfel faces a grilling from US senators.
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A two-day OECD conference acknowledged that the international agreement on pillar one is moving forward, but there is still plenty of TP work to do.
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The Tax Cuts and Jobs Act helped lay the basis for the OECD’s two-pillar solution, and its global significance for TP is even more clear in 2023.
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European countries are paving the way for comprehensive plastic packaging taxes, re-shaping the trade and market conditions for exporting firms from developing countries, explains Grzegorz Peszko of the World Bank.
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The action is part of a crackdown on inaccurate and fraudulent R&D tax claims, which cost the government £469 million last year.
