Global Tax Policy and Controversy
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Tax authorities are going digital: Why boards, audit committees and senior executives should understand the risks
IMF and World Bank launch new program offering their potential alternative to the arm’s-length principle
Council of the EU reaches an agreement on new mandatory transparency rules for intermediaries and taxpayers
EU blacklist, global ramifications: Why the EU’s listing of non-cooperative jurisdictions for tax purposes may be a step too far
Council of the European Union publishes list of uncooperative jurisdictions for tax purposes
The UK’s new corporate criminal offense: How adopting a robust risk-based approach could open the pathway for future global compliance
OECD publishes CbCR risk assessment handbook
OECD sets out 19 key risk indicator tests that they feel naitonal tax authorities should be running on cbCR data.
European Commission proposes far-reaching reform of EU VAT system
On 4 October 2017, the European Commission published proposals for what is described as the largest reform of the EU's VAT system in 25 years.
OECD releases the Netherlands peer review report on implementation of BEPS Action 14 minimum standards
The OECD has released its peer review of the Dutch Mutual Agreement Procedure.
ECOFIN discusses the development of new digital taxation rules
On 16 September 2017, the finance and economic affairs Ministers of the European Union (EU) Member States discussed the challenges of the existing tax rules, agreeing that a two-phased approach would be further assessed for viability.
UK Tax Authority reconsiders its approach to evaluating tax risk profile of large businesses
HMRC reconsiders approach to evaluating business’ tax risk profile
US Administration, Congressional Republicans release tax reform framework
On 27 September 2017, the Trump Administration released a “Unified Framework for Fixing Our Broken Tax Code” that would reduce the statutory corporate tax rate to 20%. Learn more.
OECD releases first batch of peer review reports on Action 14
The OECD released its first batch of peer review reports relating to the implementation by Belgium, Canada, the Netherlands, Switzerland, the United Kingdom and the United States of the BEPS minimum standards on Action 14 on improving tax dispute resolution mechanisms.
The UK’s new Corporate Criminal Offence of failing to prevent the facilitation of overseas and domestic tax evasion — are you prepared?
G20 leaders focus on promoting growth through tax policy
As expected, the G20 leaders have pledged to use tax policy to promote innovation-driven, inclusive growth and to strengthen economic governance through heightened transparency and international tax cooperation.
The EU’s tax agenda for 2016/2017
The rapid adoption in 2016 of two major tax directives and the publication of an ambitious Action Plan on VAT reflect the tenacious new approach of the European Union (EU) to improving corporate tax transparency and tackling valueadded tax (VAT) fraud.
GST: A new era of cooperative federalism in India
The Indian Parliament in early August 2016 finally approved the constitutional amendment required for the implementation of the Goods and Services Tax (GST).
UK amends mandatory requirement for businesses to publish tax strategy
Finance Bill 2016 introduced the requirement for certain businesses in the UK to publish their tax strategy as it relates to or affects UK taxation.
An interview with Pascal Saint-Amans
Insights from Pascal Saint-Amans, Director of the Centre for Tax Policy and Administration of the Organisation for Economic Cooperation and Development.
Italy sets a new way to work with digital economy companies on permanent establishment disclosure
New Zealand a front runner on BEPS implementation
New Zealand, which prides itself on having a large impact relative to its size, has strongly supported the BEPS process.
US tax reform outlook has potential global effects
Two proposals have sparked intense interest: the Blueprint’s limits on deductibility of interest expense and introduction of a border adjustment tax.
Q&A with OECD Multilateral Instrument group chair
OECD ad hoc group chairman Mike Williams offers a progress report on the multilateral instrument (MLI) and a look ahead.
IMF/OECD deliver report addressing tax certainty
The IMF/OECD report explores the nature of tax uncertainty, its main sources and effects and outlines practical approaches for a more certain tax environment.
How should multinationals prepare for the CCCTB?
Some stakeholders have an appetite for further corporate transparency measures beyond BEPS, and the European Commission clearly favors the common consolidated corporate tax base (CCCTB).
Australia first to signal intent to adopt the MLI
Australia became the first country to signal its position on the Multilateral Instrument, with the country’s treasury releasing a paper outlining its preliminary adoption approach.
BEPS changes are coming to Hong Kong’s tax regime
Hong Kong has taken steps to demonstrate its commitment to aligning its tax regime with the coherence, substance and transparency underlying the BEPS initiative.
Israel approves innovation box regime
The regime has been designed as part of an initiative to transform Israel into one of the most attractive jurisdictions for technology companies.
Singapore clarifies use of anti-avoidance rule
With BEPS and global calls for greater transparency and governance in taxation, Singapore is upgrading its enforcement and compliance processes to meet the new benchmarks.
2017 Global tax policy outlook
We highlight government proposals for legislation, offer an overview of global tax policy trends and review individual countries’ policy developments.
Coming into focus: tax transparency’s new normal
We assess key transparency and disclosure global developments from December 2016 to April 2017, along with insights and analysis from EY professionals.