Page 7 - Base Erosion News Today

G7 Leaders issued a statement following their virtual meeting on 6 December 2023.

A little more than a year ago in my article “OECD’s Pillar Two and the Tax Incentives in the Philippines,” we took a peek at what Pillar Two, or the global minimum corporate tax, is all about and how it can affect domestic subsidiaries of multinational entities. From then on,…

Tax experts are urging multinational insurers based in Canada to be aware of an international move towards a minimum global tax rate.

Fourth Part The Bureau of Internal Revenue has long been involved with the Study Group on Asian Tax Administration and Research (SGATAR).  This organization of tax administrators in the Asia-Pacific region has for its objectives the dissemination of relevant information and the exchange of ideas and experiences among tax administrators…

A recent vote by 125 United Nations (UN) member countries, including The Bahamas, in favor of a resolution to support fairer global tax policies, will have little to no bearing

Several grassroots organizations and peoples’ movements launched a protest action in Manila on Wednesday, November 22, 2023, to call for tax justice in the country and the Asia region, and the removal of all confidential funds in the 2024 national budget.

WASHINGTON, D.C. - U.S. Chamber of Commerce Senior Vice President for Tax Policy Watson McLeish issued the following statement following the Government of Canada’s issuance of its 2023 Fall Economic Statement, which among other things signaled Canada’s intent to proceed with enacting a digital services tax (DST):“The Chamber is deeply concerned by the government of Canada’s move—in its Fall Economic Statement—toward enacting a unilateral and discriminatory digital services tax. This...

TO prepare for the consequences of the imposition of the global minimum corporate tax, the House Committee on Ways and Means approved last Tuesday several proposals aimed at enhancing Republic Act (RA) 11534 or the “Create” law. Albay Rep. Joey Sarte Salceda said his committee put forward the unnumbered substitute…

€960m extra for health to meet costs of increased demand, particularly in acute hospitals

Part two Several developments in the tax area will impact our Philippine tax eco-system.  Global institutions, such as the United Nations, World Bank, International Monetary Fund (IMF), and the Organization for Economic Co-operation and Development (OECD).  Many countries are signatories to these tax initiatives and have been putting in place…