The dust has settled on the US election, and President Obama begins his second term in office. Pre-election politicking and points-scoring can take a back seat and issues such as comprehensive reform of the tax code can return to the forefront of discussion.
The long-awaited and much-lobbied-for tax treaty between Canada and Hong Kong was signed on November 11 and should facilitate investment between the two countries.
International charity organisation Save the Children has produced a report which states that the role of progressive taxation must not be overlooked in the battle to reduce inequality.
India and the UK have signed a protocol to update the 1993 tax treaty between the two countries, introducing new measures including changes to partnership taxation, an article on assistance in the collection of taxes and a limitation of benefit (LOB) clause.
The UK Government’s Public Accounts Committee (PAC) yesterday questioned top executives at Amazon, Google and Starbucks about their corporate tax affairs in the UK against a backdrop of growing public concern and resentment over tax avoidance by large multinational companies.
