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International tax framework backed by 130 jurisdictions
The Organisation for Economic Co-operation and Development (OECD) two-pillar plan to reform international taxation rules has been joined by 130 jurisdictions, representing more than 90 per cent of global GDP.
The Statement on a Two-Pillar Solution..
Online Published Date:
30 April 2021
Appeared in issue:
March 2021 - 31 March 2021
International tax framework backed by 130 jurisdictions
The Organisation for Economic Co-operation and Development (OECD) two-pillar plan to reform international taxation rules has been joined by 130 jurisdictions, representing more than 90 per cent of global GDP.
The Statement on a Two-Pillar Solution..
Online Published Date:
30 April 2021
Appeared in issue:
April 2021 - 30 April 2021
G7 finance ministers agree controversial 15 per cent minimum global tax rate
The G7 has agreed to back an international agreement on global tax reform which will see multinationals pay at least 15 per cent corporation tax in each country they operate.
The deal, which was made during a meeting of ministers in London ,..
Online Published Date:
30 April 2021
Appeared in issue:
April 2021 - 30 April 2021
The month in tax
KPMG in the UK summarises recent corporate tax developments of potential interest to ITR readers.
Provisional agreement reached on EU public Country-by-Country reporting
A provisional political agreement has been reached on the EU public..
Online Published Date:
30 April 2021
Appeared in issue:
April 2021 - 30 April 2021
The follower notice regime – “raising the stakes on tax avoidance” and Haworth
The Supreme Court has unanimously dismissed an appeal by HMRC, quashing a £31 million capital gains charge. Hannah Gannagé-Stewart analyses the judgment.
The ruling in R (on the application of Haworth) v Commissioners for Her..
Online Published Date:
30 April 2021
Appeared in issue:
April 2021 - 30 April 2021
Corporate tax transparency deal struck by EU lawmakers
European Union legislators have sealed a deal obliging multinationals and their subsidiaries to publicly declare what taxes they pay in each EU member state.
The deal applies to all businesses with annual revenues of more than €750 million..
Online Published Date:
30 April 2021
Appeared in issue:
April 2021 - 30 April 2021
European Commission launches consultation on shell entities
The European Commission is looking for feedback on the best ways to curb the use of shell companies to gain tax advantages.
While the Commission accepts there is no commonly agreed definition of a shell entity, for the purpose of the consultation..
Online Published Date:
30 April 2021
Appeared in issue:
April 2021 - 11 October 2021