The EU’s second-highest court overturned a 2016 ruling ordering Apple to pay Irish tax authorities 13 billion euros for receiving undue tax benefits. Multinationals should beware of taking the ruling as a sign the world of international taxation is reverting to an earlier era.
Indonesian President Joko Widodo’s government has submitted a draft bill that is widely known as the “omnibus law.” It aims to increase competitiveness, create jobs and make it to easier to do business in Southeast Asia’s largest economy.
Pillar One is a group of proposals addressing how to tax companies that generate profits where they don’t have a taxable presence under existing principles. This post examines the state of this initiative, which involves 137 countries and has massive implications for multinational groups.
The U.S. Congress signed the CARES Act, which provides $2.2 trillion of support for businesses and other groups affected by the pandemic. We summarize some critical elements of the Act that multinational businesses operating in the U.S. should know.
In the face of threatened supply chains, many tax authorities are offering concessions, incentives and rebates. We recommend steps to help your organization stay current with tax-legislative changes around the world.
The UK released its 2020 budget, which will invest an estimated 640 billion pounds into the country’s infrastructure. This post summarizes important tax-related announcements from the budget.