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Americas
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Americas
Global minimum tax will work, if implemented, OECD’s Saint-Amans says
OECD tax policy director Pascal Saint-Amans in a November 4 interview expressed that the political agreement on a 15% global minimum effective tax rate is a big deal, he is very pleased with the outcome, and he has little fear of companies attempting to exploit loopholes to evade the tax because . . .
Americas
Accounting
US budget bill tax provisions’ effective dates, rates, thresholds
Following a November 2 off-year election that many pundits consider an initial bad omen for the Democrats, Biden and the party continue to finalize the details – and secure the votes – for the signature portion of the President’s agenda, including several notable corporate and international tax . . .
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Africa
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Europe
Africa
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Americas
Brazil, China, Russia MAP tax dispute resolutions could improve, peer reviews show
There are signs that the competent authorities of Brazil, Russia, and China have insufficient resources to keep up with their caseloads for resolving tax and transfer pricing disputes through mutual agreement procedure (MAP), according to peer review reports released October 18 by the OECD, while . . .
Africa
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Multinational
Africa
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Mexico proposes new transfer pricing rules of the game
Jesús Aldrin Rojas M., QCG Transfer Pricing Practice, discusses the Mexican government’s September 8 decree that would modify the transfer pricing regime to enhance its effectiveness as a tax collection and audit instrument for the tax authorities, providing new and aggressive rules of the game for . . .
Africa
Americas
Americas
Americas
Africa
Global minimum tax negotiations focus on carve-outs, EU consensus, closing deal
Negotiators are seeking to achieve final consensus on the details of the global minimum tax deal, according to September 29 comments from European Commission official Benjamin Angel, with talks centering on the terms for carve-outs and other technical aspects that might bring into the fold remaining . . .
Accounting
Americas
Yellen defends corporate tax rate hikes as modest by historical standards
The Biden Administration’s proposed increases in corporate taxes would leave corporate tax rates in the US lower than they were at any point between World War II and the 2017 Tax Cuts and Jobs Act, Treasury Secretary Janet Yellen told the National Association for Business Economics on September 28, noting that . . .
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US Democrats’ hopes of overhauling TCJA’s foreign taxes stemmed by global pressure
Alex M. Parker, Capitol Counsel LLC, discusses why the most recent version of the Democrats’ plan for overhauling the US tax code – approved by the House Ways and Means committee on September 15 – suggests the party may be backing down on its promise to repeal a key part of the Tax Cuts and Jobs Act’s . . .
