Pillar Two
The US’s GILTI regime will not be forced upon American multinationals in foreign jurisdictions, Bloomberg has reported; in other news, Ropes & Gray hired two tax partners from Linklaters
Increasingly complex reporting requirements contributed towards the firm’s growth in tax, it said
Sector-specific business taxes, private equity tax treatment reform and changes to the taxation of non-residents are all on the cards for the UK, authors from Herbert Smith Freehills Kramer predict
The streaming company’s operating income was $400m below expectations following the dispute; in other news, the OECD has released updates for 25 TP country profiles
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Sponsored by KPMG ChinaJoin ITR and KPMG China at 10am BST (5pm China Standard Time) on May 4, as tax experts consider the crucial impact China’s potential adoption of GloBE rules could have for businesses.
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