Tax

• UK fiscal plans match Association advocacy initiatives

  The UK government plans to provide relief measures, including raising National Insurance thresholds in line with income tax, as a relief to taxpayers in difficult economic times.

• Analysis: Corporate filings show global tax deal leaves billion-dollar loopholes

  The OECD acknowledged that companies could continue to benefit from profit-shifting strategies already in place but expects companies to be unable to build up such tax shields in the future.

• Chancellor’s UK Budget increases spending on skills, R&D

  The Chancellor of the Exchequer Rishi Sunak announced an increase in public spending on R&D to £20 billion a year by 2024 and a total £3.8 billion increase in skills spending.

• Historic global tax deal taking final shape

  After years of difficult negotiations, an OECD-brokered deal to update international corporate tax rules has the support of all OECD countries and is closer to becoming reality.

• Making Tax Digital for Income Tax Self Assessment postponed to 2024

  Businesses with an income of more than £10,000 must use the new system from 2024, with simple partnerships joining in 2025.

• A fun look at taxation through the ages

  Economists reveal success stories and unintended consequences in their book about the history of taxes around the world.

• What is a global minimum tax and what will it mean?

  Finance ministers for the G7 reached an agreement on Saturday supporting a global minimum tax rate of at least 15%. Here’s how it would work and what might happen next.

• 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.

• Amazon wins $303 million court fight in blow to EU tax crusade

  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.

• IASB clarifies accounting for deferred tax in IAS 12, Income Taxes

  The board’s amendment removes the uncertainty on whether the exemption from recognising deferred tax applies to leases and decommissioning obligations.

• Page 1 of 18
• Next 10 Results