The proposed Organisation for Economic Co-operation and Development changes could radically rewrite the international profit allocation and right-to-tax (nexus) rules that have been in place for almost a century.
Starting 1 April, more than 2 million UK businesses will have to start managing their value-added-tax records and filings digitally, but many aren’t prepared for the switch, a survey suggests.
With OECD efforts underway to address the challenges of taxing digital services in a global economy, the Association of International Certified Professional Accountants urges the UK to reconsider the proposed tax.
The UK will introduce a digital services tax starting in April 2020, Chancellor of the Exchequer Philip Hammond announced as part of the rollout of the UK’s 2018 Budget.
The Association of International Certified Professional Accountants released a policy paper urging global solutions to the tax treatment of transactions in the digital economy, emphasising its own Guiding Principles of Good Tax Policy.
Having children can greatly affect an individual’s tax rate, the Organisation for Economic Co-operation and Development reported in its annual look at the taxation of wages in OECD countries.
While some finance executives wait to commit to changes related to potential tax savings, their optimism shows in revenue and profit projections, a survey shows.
With a number of nations around the world switching to digital tax collection systems, is your organisation ready for the challenges this may bring?
The US Congress passed a wide-ranging overhaul of the US tax code that changes tax rates for corporations and revises the US tax treatment of overseas income.
The US and the UK have agreed to exchange the country-by-country tax reports they each require large multinational companies to file.