The US accounting standard setter said Monday it would press on with a project that would force companies to share more details about the income taxes they pay—despite pressure from lawmakers and business groups to drop the proposal.
Australia’s Petroleum Resource Rent Tax would limit tax deductions on petroleum projects under draft legislation.
The 15% global minimum tax rules included as part of the OECD-led international tax deal favor developed nations, are burdensome to administer and do not guarantee the collection of more revenue, an advocacy group for developing nations said.
Businesses are urging Germany to stick as closely as possible to the OECD’s minimum tax rules, as the country moves towards implementing the tax.
Using Brazilian investment funds is an important wealth planning tool for Brazilian families who are considering US tax residency, say Gessimbergue Monteiro of G.S. Monteiro Law and Felipe Medaglia of Souza Okawa.
Using Brazilian investment funds is an important wealth planning tool for Brazilian families who are considering US tax residency, say Gessimbergue Monteiro of G.S. Monteiro Law and Felipe Medaglia of Souza Okawa.
The US accounting standard setter said Monday it would press on with a project that would force companies to share more details about the income taxes they pay—despite pressure from lawmakers and business groups to drop the proposal.
Australia’s Petroleum Resource Rent Tax would limit tax deductions on petroleum projects under draft legislation.
This week, our experts covered topics ranging from Michigan’s sales apportionment formula to clean energy tax credits for low-income communities. For a look at the latest commentary and analysis, check out our weekly roundup.
The 15% global minimum tax rules included as part of the OECD-led international tax deal favor developed nations, are burdensome to administer and do not guarantee the collection of more revenue, an advocacy group for developing nations said.
Businesses are urging Germany to stick as closely as possible to the OECD’s minimum tax rules, as the country moves towards implementing the tax.
A group of House lawmakers is headed to Paris over recess to discuss the Organization for Economic Cooperation and Development’s global tax deal, which has met Republican opposition in Congress.
Bloomberg Tax reporter Lauren Vella speaks with Manal Corwin, director of the OECD’s Center for Tax Policy and Administration, about nuances of the latest global tax deal guidance and next steps to move the agreement forward.
The government of the Czech Republic issued a draft law Wednesday to implement the new 15% global minimum tax starting in 2024.
The UK tax office has started sending letters to foreign companies about tax liabilities for holding commercial property in the UK.
The Israeli Tax Authority Aug. 17 issued Income Tax Circular No. 01/2023, explaining mutual agreement procedure (MAP) rules under DTAs. The circular explains: 1) the procedure for filing and initiating ...
The Curacao Official Gazette Aug. 4 published a notice for the application of a reduced corporate tax rate, with retroactive effect to Jan. 1. The notice includes measures applying: 1) ...
The German Federal Fiscal Court Aug. 17 posted online Decision No. VIII R 15/21, clarifying an individual’s withholding rate on loan interest. The taxpayer made loans to a Dutch company ...
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