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.
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.
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.
Businesses with an income of more than £10,000 must use the new system from 2024, with simple partnerships joining in 2025.
Economists reveal success stories and unintended consequences in their book about the history of taxes around the world.
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.
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.