New data on public CbCR showed uneven adoption, as Singapore advanced pillar two compliance and firms expanded their tax capabilities
Nearly two years after its publication, the Corporate Tax Roadmap is reshaping the UK’s TP framework through incremental reforms focused on scope, transparency and earlier HMRC intervention
With a stark divergence between MNEs that prepared early and those rushing to catch up, advisers must remain agile with all manner of compliance risks
The EU agreed new cooperative and investigative measures to tackle VAT fraud, while Hungary faced legal action and Lavez Coutinho expanded its indirect tax team
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Sponsored by Spanish VAT ServicesThe CJEU’s Stellantis ruling builds on recent case law concerning the VAT implications of transfer pricing adjustments and highlights an often overlooked interaction, says Fernando Matesanz of Spanish VAT Services
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Sponsored by insightsoftwareJoin KPMG and insightsoftware on June 25 as ITR presents a free webinar on the evolving role of tax professionals and how technology is driving the transformation
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Sponsored by GNV ConsultingRatna Shakira Lie and Yoan Putra Muda of GNV Consulting explain Indonesia’s new tax guidance on insurance accounting changes, addressing the transition to PSAK 117 and its implications for income recognition and compliance
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Intra-Asian trade represents nearly two thirds of total Asian trade as of 2016, according to the Asian Development Bank. This is in stark contrast to the past two years where the large markets of the US and the European Union dominated the majority of Asian exports. As with the rest of the world, however, trade volumes in Asia have grown at a slower rate over the past two years, although the growth in trade amongst regional trading partners has generally outpaced the overall growth in trade. What does all this mean? Intra-Asian trade will continue to increase its share of total Asian trade flows, making the need for a regional trade pact imperative as global supply chains consolidate in Asia Pacific. With the Trans-Pacific Partnership (TPP) nearly, though not entirely, eliminated as a possibility the region looks to the China-led Regional Comprehensive Economic Partnership Agreement (RCEP) to fill the gap. In order to achieve the promise of fully integrated Asia Pacific trade, however, some argue that the RCEP will need to be more ambitious and address more than simply tariff rate reductions.
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Plamen Grozdanov
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Philippe Norre