Two Pillar Solution News Today

Fiji joins global effort to fight tax evasion

Industry experts discuss 2023’s captive market performance, trends and developments and share predictions for the coming year

Part 21 I recently attended an Asian Development Bank (ADB) webinar on a tax topic that has far-reaching consequences for the country and its tax system, but surprisingly, I am not seeing in the Philippines the type of urgency that I expected for this development.  I am referring to the …

Part 15 I am a regular attendee of training sessions, seminars, and meet-ups. Due to my passion for life-long learning, I seek these opportunities to participate in these events, whether online or face-to-face. My varied interests keep me going in looking for these learning activities. These cover a broad multitude…

Part 11 For international tax practitioners, the Model Tax Convention on Income and Capital (“Model tax treaty”) and its Commentaries have long been a leading reference for information. The Organization for Economic Cooperation and Development (OECD) published the first draft of this model tax treaty in 1963, and since then…

Interim budget: India leads the charge in the new era of taxing Multinational Enterprises (MNEs) with the introduction of BEPS 2.0. The Two-Pillar Solution under OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS) focuses on digitalized businesses and rationalizing taxes. Concerns arise over the potential increase in tax litigation and the complexity of various legislations.

KPMG, a professional services company, is hosting an event for corporates to discuss the impact of Kuwaits joining OECD/G20 Inclusive Framework on BEPS. It aims to shed more light on the potential changes to corporate income tax in the oil-rich nation.

KPMG, a global network of professional services firms providing

India, along with 110 other countries, has voted in favor of a UN Tax Convention Framework, despite opposition from 48 wealthy OECD members. The UN has been leading international tax reforms, including combating Base Erosion and Profit Shifting (BEPS) and the ongoing two-pillar solution for digital taxation. However, doubts have arisen about the inclusivity of the inclusive framework for non-OECD countries.

The Philippine Tax Whiz discusses the pertinent information related to the digital economy in the Philippines, covering tax regulations, proposed bills, as well as considerations from the OECD