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The NZ Tax Podcast - Ten years on, child support debt is still a troubled issue. And Microsoft gets hit with a $28.9 billion tax bill from the United States Internal Revenue Service
The proposed two-pillar solution consists of two components — Pillar One is about the reallocation of additional share of profit to the market jurisdictions and Pillar Two consists of minimum tax and subject to tax rules
Experts say different supervisory approaches mean mid-size US banks are still vulnerable to interest rate risk, while European banks remain relatively safe. But banks should set aside more capital to ensure a more resilient system.
The OECD has introduced a new multilateral convention to address base erosion and profit shifting, aiming to ensure that multinational corporations (MNCs) pay their fair share of taxes in the countries where they operate. This convention is part of the Two-Pillar Solution proposed by the OECD to tackle tax challenges brought about by digitalization and globalization.
