OECD assesses proposed global tax accord’s impact
The OECD report informs nations how their tax revenues and economies would be affected by the plan to overhaul international corporate tax rules.
The OECD report informs nations how their tax revenues and economies would be affected by the plan to overhaul international corporate tax rules.
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.
Officials warn that failure to reach international agreement on the taxation of the digitalised economy could trigger trade disputes.
The tech giant avoids, for now anyway, having to pay billions in back taxes the European Commission says it must pay.
To help standardise the format of international tax items, the US has proposed modifying its partnership tax return form.
The model rules are designed to help tax authorities collect information on digital platform users’ income to ensure it can be taxed.
The pandemic may require adjustments to transfer-pricing arrangements, and the time to document the changes is now.
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.