Global company tax could bring EU multi-billion-euro windfall
An independent report said the US-proposed minimum global effective tax rate of 15% would bring in an additional €50 billion of tax for the EU.
An independent report said the US-proposed minimum global effective tax rate of 15% would bring in an additional €50 billion of tax for the EU.
The EU General Court overturned a European Commission order that would have required Amazon to pay about €250 million in back taxes, dealing another setback to the commission’s crusade against preferential state aid deals.
The board’s amendment removes the uncertainty on whether the exemption from recognising deferred tax applies to leases and decommissioning obligations.
Nations need to end the "30-year race to the bottom” on corporate tax rates, the US Treasury secretary said.
For businesses with intercompany transactions in tangible goods, the relationship between transfer pricing and customs valuation is crucial.
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.
Countries’ efforts to lower corporate taxation have seen the average headline rate fall nine percentage points since 2000.
Medium and large UK employers must assess whether their contractors are employees for tax purposes under rules that apply from 6 April.
Businesses must adjust to new tax, customs, and other rules now that the UK has left the EU.
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.