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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 Kuwait's 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