Page 17 - Inclusive Framework News Today

KPMG experts provide answers to a selection of questions arising from the Inclusive Framework’s 228-page commentary released on March 14 2022.

Sri Lankas China-backed Colombo Port City special economic zone, which has is giving long term tax holiday is likely to face pressure as the international community which is moving for a minimum 15 percent global tax, an International Monetary Fund report has warned.

COVID Relief Package in Flux. Tax provisions were not the only items missing from the omnibus last week. Congress had to remove COVID-19 relief funding from the $1.5 trillion “omnibus”...

The European Union's French presidency plans to delay implementation of the OECD/G20 Global Anti-Base Erosion (GLoBE) Rules by at least a year. The GLoBE rules,...

The House and Senate reconvened on Monday at noon and 3 p.m., respectively.  What to Watch - President Biden delivered his first State of the Union address ...

TAX TIDBIT - State of the Union Look Ahead. President Joe Biden will make his first State of the Union address tonight before a joint session of Congress. As of this...

President Joe Biden delivered his first State of the Union (SOTU) address last night against the backdrop of war in Europe, persistently high inflation, a waning global pandemic and a...

TAX TIDBIT State of the Union Look Ahead. President Joe Biden will make his first State of the Union Address tonight before a joint session of…

The OECD/G20 Inclusive Framework on BEPS has elected Marlene Nembhard-Parker of Tax Administration Jamaica (TAJ), Ministry of Finance and the Public Service as their new co-chair. Ms. Nembhard-Parker will lead the group with Fabrizia Lapecorella of Italy who, as Chair of the OECD’s Committee on Fiscal Affairs (CFA), currently serves as Chair of the Inclusive Framework on BEPS.

Russia is facing several economic sanctions for its invasion of Ukraine. UK sanctions will depend on action in low-tax jurisdictions such Guernsey and Jersey to restrict Russian capital.