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.
An independent standards organisation, Global Reporting Initiative, calls for multinational enterprises to be more transparent about their country-by-country profits and taxes.
Hear a progress report on the UK’s Making Tax Digital programme and learn about its effect on skills, teams, and careers.
Many UK companies face an April 2020 mandate to begin assessing whether their contractors are in fact employees for tax purposes. The roll-out of the new IR35 rules might be delayed by the upcoming general elections, though.
Tax rates slashed for domestic companies under Indian president’s ordinance.
Beginning 1 October, another group of UK businesses and organisations will have to start managing their VAT records and filings digitally because the automatic six-month extension they were given will expire.