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Finance ministers meeting in London agreed to battle tax avoidance through measures to make companies pay in the countries where they do business. Multinational tech giants such as Amazon and Google are expected to be among those covered in the ambit of the proposals.

The International Centre for Tax and Development (ICTD) analyses the recent proposals from the US on international tax reforms for Africa.

(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Global negotiators attempting to rewrite tax rules for the digital era are tussling over a threshold for corporate revenue as one of the criteria to resolve the thorny issue of how to tax globe-trotting U.S. tech giants like Amazon.com Inc. and Facebook Inc. European officials are considering a proposal from Joe Biden’s administration...

The U.S. push for a global minimum corporate tax may help India, but it can also cause international disagreements

A more realistic global minimum corporate tax rate of 15 per cent may bring it closer to global acceptance and soften its negative impact on ...

Written by James Kerr - 22 defenceWeb has offered an insight into the Aerospace and Defence Masterplan. defenceWeb has also taken the initiative to arrange a webinar to gain traction for the Masterplan. The Masterplan is the output of cooperation between industry, organised labour, government agencies, various finance institutions and R&D entities. This wide ranging group has come together to determine the actions necessary to stabilise the Aerospace and Defence (A&D) industry and halt its dec...

Daily Times May 10, 2021 The digital economy is a new reality and it has triggered a heated debate and posed new challenges to tax policymakers. This not only encompasses the application of tax rules designed for brick-and-mortar activities to new disruptive business models but also with regard to the effective enforcement of such tax rules against companies that do not have a physical presence within the country. These threats to national tax systems emanate from the absence of physical presen...

To print this article, all you need is to be registered or login on Mondaq.com. The 2017 Tax Cuts and Jobs Act (TCJA) made sweeping changes to the Internal Revenue Code (Code). When coupled with the implementation of the various Action Items included in the OECDs Base Erosion and Profit Shifting (BEPS) initiative, life sciences multinationals responded by making major changes to their supply chains and structures for holding and exploiting intellectual property (IP). The...

Commentary: US proposed global minimum corporate tax has implications for Singapore Toggle share menu Advertisement Commentary: US proposed global minimum corporate tax has implications for Singapore Joe Biden’s move to raise taxes may be well-timed, given domestic demands for government expenditure and a growing global acceptance that corporate taxes must be raised. But this has implications for Singapore, says NUS Business School’s Assoc Pro...

U.S. Treasury Secretary Jannet Yellen’s announcement that the U.S. will rejoin the negotiations to resolve digital taxation disputes is good news. The news has been positively received by the international tax community, understandably so, as discussing a serious international tax reform requires all relevant actors involved, and the United States is one of them. However, several questions arise as to whether this action in itself –– the U.S. rejoining the negotiations led by the OECD –...