The most senior officials from tax authorities around the world have committed their organisations to a stronger relationship with large businesses in an effort to instil good tax compliance habits.
In advance of negotiations between EU member states about new economic and financial rules for the eurozone, Enda Kenny, Ireland’s Taoiseach or prime minister, has emphasised his government’s commitment to a 12.5% corporation tax rate.
A study has found that US taxpayers do not always explain in their statutory disclosures what tax planning strategies they plan to use to generate taxable income to allow them make use of deferred tax assets.
A report from the Public Accounts Committee of the UK House of Commons has slammed the UK tax authorities' approach to settling disputes with large taxpayers.