G7 Leaders' Statement: 6 December 2023
G7 Leaders issued a statement following their virtual meeting on 6 December 2023.
Source: gov.uk
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Pillar Two: Where are we now? | Atty. Jomel N. Manaig
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,…
Source: businessmirror.com.ph
Canadian multinational insurers warned of new tax rules
Tax experts are urging multinational insurers based in Canada to be aware of an international move towards a minimum global tax rate.
Source: canadianunderwriter.ca
Philippines as a global tax leader | Joel L. Tan-Torres
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…
Source: businessmirror.com.ph
Bahamas still proceeding with OECD obligations despite UN vote
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
Source: thenassauguardian.com