Germany is on the verge of enacting a company tax Bill which would impact multinationals with investments in German tax consolidated groups (organschaft).
The closure by Barclays of its structured capital markets (SCM) tax-related business unit is the second important announcement by a UK bank in less than a week concerning its tax reputation.
Two recent reports – one from KPMG and one from the Business Roundtable (BRT) – have reinforced the view that US taxpayers want more certainty when it comes to business taxation because they feel this could drive economic recovery in the country.
The Dutch parliament has been debating the country’s role in international taxation and its position within the global network that facilitates tax avoidance, concluding that the issue of tax avoidance must be dealt with at an international level.
Robert Pozen, senior lecturer at Harvard Business School, has said limiting tax deductions for the interest corporations pay on their bonds and debt issuances could help fund US tax reform. However, taxpayers have identified a number of problems with the idea.
