Officials at the OECD are still making progress on readying a treaty to reallocate global taxing rights for countries to sign by the end of June, according to a top official at the organization.
More taxpayers are relying on mechanisms like mutual agreement procedures and advance pricing agreements in hopes of gaining certainty around how much tax they will pay, global tax officials said.
A new reporting rule in the EU will soon subject tax information provided by multinationals to public scrutiny for the first time—a change that advisors warn should prompt them to more carefully craft their reports to withstand public analysis.
Australian Tax Commissioner Rob Heferen has endorsed more crackdowns on company profit shifting via litigation and other avenues.
Several countries are signaling interest in a new OECD framework aimed at simplifying intercompany pricing transactions.
This week, our experts covered ways to make the Internal Revenue Code more equitable, the OECD’s additional transfer pricing guidance on Amount B, and more. For a look at the latest commentary and analysis, check out our weekly roundup.
EU countries continue to make slow progress in agreeing on new tax rules, with discussions often stuck at technical level, according to a state-of-play report approved by EU finance ministers Friday.
Officials at the OECD are still making progress on readying a treaty to reallocate global taxing rights for countries to sign by the end of June, according to a top official at the organization.
Recent guidance from the OECD/G20 Inclusive Framework fills gaps in the Amount B architecture and provides valuable insight into which jurisdictions may implement Amount B, say KPMG practitioners.
Artificial Intelligence in taxation is a double-edged sword which cannot eliminate human involvement, say Lakshmikumaran & Sridharan practitioners.
Canadian lawmakers Wednesday passed a bill implementing over a dozen tax measures, including its digital services tax, and are closing in on approving legislation to implement the global minimum tax.
Australian Tax Commissioner Rob Heferen has endorsed more crackdowns on company profit shifting via litigation and other avenues.
Several countries are signaling interest in a new OECD framework aimed at simplifying intercompany pricing transactions.
Hungary will continue discussions on proposed EU tax rules when it takes over the rotating presidency of the Council of the EU, but made no specific commitments on rules it would seek agreements on.
The Swiss Federal Council June 14 approved a draft decree to ratify the sixth protocol to the 1971 DTA with Germany, signed Aug. 21, 2023. The protocol includes measures to: ...
The Lithuanian Parliament (Seimas) June 6 approved Law No. XIV-2680/2024, to implement Global Anti-Base Erosion (GloBE) rules under Pillar Two of the OECD base erosion and profit shifting (BEPS) project, ...
The Vietnamese Ministry of Finance June 12 opened a consultation on a proposal to amend the corporate income tax (CIT) law. The proposal includes measures to: 1) amend the law ...
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