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.
Italy’s 2018 budget measures have changes that will affect multinationals operating in Italy and trading with Italian businesses.
In accordance with Automatic Exchange of Information requirements, account holders or controlling persons of Hong Kong financial institutions must report their tax-residency status.
Scrutiny sure to rise.