Europe

Lithuania amends corporate income tax law

Robertas Degesys, TGS Baltic, discusses the Lithuanian parliament’s December 7 adoption of several important amendments to Lithuania’s corporate income tax law, including changes to the additional corporate income tax for banks and credit unions, hybrid rules, and . . .

Europe

Ireland weighs move to territorial tax system

The Irish Department of Finance on December 22 opened a public consultation inviting comments on a possible transition to a territorial tax regime for corporations; such a system “could be simpler and provide greater certainty for businesses — but would also have to be accompanied by . . .

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GloBE model rules: a peek into key provisions

International tax researchers Noopur Trivedi and Jitesh Golani discuss key highlights of the OECD’s much-awaited global anti-base erosion (GloBE) model rules, released on December 20, along with a commitment by the OECD to finalize the commentary and safe harbors in . . .