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Tax professionals call for EU harmonisation and proportionate data use

Autumn tax disputes: EU state aid law still causing headaches

Businesses are still facing uncertainty over their tax arrangements due to ongoing disputes over everything from state aid to intangible assets at the EU-level and the national level.

Josh White, October 15 2020

Judicial rulings add to the complexity of Brazil's indirect tax system

Brazil’s Supreme Court rulings prolong state tax wars

Taxpayers in Brazil have said that the Supreme Court has contradicted and confused the rules on tax incentives granted by states, delaying the end of the country’s tax wars.

Mattias Cruz Cano, October 14 2020

Sponsored by Deloitte Norway

Norway: Amendments to R&D incentive scheme includes compliance changes

Mette Lundal and Ragnhild Johannessen of Deloitte Norway explain the implications of the key amendments made to the Norwegian tax credit scheme for research and development (R&D) expenses.

Mette Lundal, October 14 2020

Further tariffs could worsen EU-US trade relation

WTO tariff clearance on Boeing could raise EU-US tension

The World Trade Organisation (WTO) has awarded the European Union (EU) the right to impose tariffs on US goods in retaliation against subsidies for aerospace multinational Boeing, threatening to escalate transatlantic trade tensions.

Mattias Cruz Cano, October 14 2020

The continuous revisions to the TP Guidelines provide timely clarity

Sponsored by Machado

Brazilian government issues ancillary tax obligations for the municipal service tax

Carolina Romanini Miguel and Gabriel Caldiron Rezende of Machado Associados discuss the ancillary tax obligations issued by the Brazilian government to standardise the calculation and payment of the municipal service tax (ISS) on some services.

Carolina Romanini Miguel, October 13 2020

US participation in March signals better approach to GILTI rules in a global minimum tax regime

Systematic approach vital to manage BEAT, FDII and GILTI changes

Tax directors should consider related-party payments, the BEAT waiver election and local selling structures when modelling the outcomes of the US base erosion and anti-abuse tax (BEAT), foreign-derived intangible income (FDII) and global intangible low-taxed income (GILTI) rules.

Alice Jones, October 13 2020

The OECD updates digital tax plans, consensus possible by mid-2021

The OECD updates digital tax plan, consensus possible by mid-2021

The OECD released political and technical developments to its digital tax plans on October 12, but the COVID-19 pandemic impeded communication across stakeholders, delaying consensus on pillar one and two to 2021.

Danish Mehboob, October 12 2020

Large businesses should prepare themselves for a higher tax burden following the November 3 elections

This week in tax: US elections worry corporate taxpayers

In the week that the German Football Association was raided for suspected serious tax evasion, Australia announced corporate tax residency rules changes and concerns over the tax implications of the US elections increased.

Anjana Haines, October 09 2020

More outsourcing is possible because of the complex profit allocation rules

Pillar one could force MNEs to outsource more tax work

The OECD’s plans to rewrite profit allocation rules could force some businesses to seek the assistance of external advisors to manage the administrative demands created by the “monster” that is pillar one.

Josh White, October 08 2020

Corporate tax burdens will rise regardless of US election outcome

Large businesses will likely see their effective tax rates rise regardless of the outcome of the US presidential election and changes to the GILTI rules appear inevitable.

Danish Mehboob, October 08 2020

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