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The past week was a busy one for Canada’s Department of Finance (“Finance”). On November 3, 2022, Finance released its 2022 Fall Economic Statement (the “Fall Economic Statement”) and...
Professional services firm Deloitte believes that the dissolution of Parliament will not affect the 15% global minimum tax (GMT) plan mentioned in Budget 2023. Deloitte Malaysia and Southeast Asia international tax leader Tan Hooi Beng and Deloitte Malaysia director Kelvin Yee said unlike the goods and services tax, capital gains tax or inheritance tax, implementing the GMT would be key to upholding Malaysia’s tax sovereignty.
137 members of the OECD/ G20 IF on BEPS agreed to a sweeping overhaul of the global tax system by way of a two-pillar solution. This agreement to prevent BEPS is envisaged to transform a century old international taxation system by the adoption of the Two-pillar Solution.
KUALA LUMPUR: Malaysia has agreed to implement the "two-pillar approach” in taxation to create a competitive environment for both foreign and domestic direct investment, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.
The 4th World Bank Tax Conference exposed the magnitude of the challenge to build equitable tax systems via policies that improve compliance of the very wealthy. This blog highlights a summary of key findings that point to cautious optimism on progress toward equitable taxation.