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The UK’s chancellor of the exchequer set out measures that included extending the government’s furlough scheme until the end of September, changes to corporation tax, and more.
The prospects of reforming international corporate taxation have increased, but the road ahead is uncertain, as was evident at the 11th meeting of the OECD/G20 inclusive framework on 27 and 28 January.
The new goal is mid-2021, but some nations impatient with the delay in addressing the tax challenges of digitalisation may decide to unilaterally adopt digital services taxes.
The European Commission has decided to appeal an EU court’s decision that held that Ireland’s €13 billion in tax breaks to Apple violated the EU’s state aid rules.
The US Internal Revenue Service (IRS) provided relief to individuals and businesses whose tax residence might be affected by cross-border travel disruptions arising from the COVID-19 crisis, such as cancelled flights, border closings, or shelter-in-place orders.
What emergency tax and fiscal measures have nations worldwide been adopting during the pandemic? A new OECD report provides the answer and suggests paths forward during and after the crisis.
The Organisation for Economic Co-operation and Development offers ideas about how governments can lessen the pandemic’s economic impact with tax relief.
UK chancellor of the exchequer announces unprecedented response to the pandemic’s economic fallout, including helping to pay furloughed employees’ wages.
From 1 April, a new 2% tax will apply to the UK revenues of large multinationals that operate social media platforms, search engines, and online marketplaces.
