The OECD recently issued information on its Pillar Two, which is part of a larger plan to prevent multinationals from shifting profits to reduce or eliminate taxes. We provide a summary of the new OECD document and explain why it’s key to understanding the changing world of corporate taxation.
The U.S. Treasury and IRS released guidance this month on the base erosion and anti-abuse tax and the foreign tax credit. We summarize the BEAT and FTC regulations so you’ll understand how they’ll affect your multinational organization.
Russia has simplified the requirements for foreign holding companies to receive tax treaty benefits.
India has reduced corporate tax rates for companies incorporated there.
Belgium has set a deadline of 31 January 2020 for pre-filing requests in the field of transfer pricing, patent income deduction and innovation income deduction.
Austria's Digital Tax Act will levy a 5 percent digital tax on certain domestic online advertising services from 1 January 2020.
This month, the OECD proposed rules to ensure multinational companies pay tax in countries where they have significant consumer activities and generate profits. The rules could effect a radical shift in how businesses are taxed.
The Organisation for Economic Co-operation and Development published a proposal to ensure large multinational enterprises, including digital companies, pay tax where they have significant consumer-facing activities and generate profits. The OECD is seeking public comments on the proposal until 12 November 2019.
On September 5, the IRS published proposed regulations related to Sections 451(b) and 451(c) of the Internal Revenue Code, providing long-awaited guidance for taxpayers that use an accrual accounting method and have an applicable financial statement and/or receive advance payments.
The IRS published proposed regulations related to Sections 451(b) and 451(c), providing guidance for taxpayers that use an accrual accounting method and have an applicable financial statement and/or receive advance payments.
The United States has increased the minimum penalty for failing to file a tax return.
Mandatory e-filing has been extended to nonprofit organisations.