Yellow retweeted
Opinion: The Australian Taxation Office has drawn a clear line in the sand on taxing royalties on software and intangibles, meaning multinationals must not wait to test their positions and assess their risk of being audited, say Jones Day attorneys. news.bloombergtax.com/tax-in…
Yellow retweeted
More than 140 countries have already agreed to a set of rules for a 15 percent global minimum tax, as part of the 2021 global tax agreement coordinated by the OECD.
Explore the data: hubs.ly/Q04wMgdZ0 #CorporateTax #PillarTwo
Yellow retweeted
🚩 Be careful who you take tax advice from.
🎧 bit.ly/4lQmS2L
#TaxResidency #AustralianTax #ATO #TaxAdvice #TaxTips #ArtificialIntelligence
#ChatGPT #FinanceTips #AccountingLife #TaxPlanning #FinancialEducation
#BusinessAdvice #AustralianBusiness #TaxLaw #ExpatLife
While the IRS is responsible for collecting federal taxes and enforcement, it is not responsible for writing tax laws (though its administrative role includes interpreting tax law through regulation, rules, and procedures).
Learn more about the Ways and Means and Finance Committees, JCT, and the CBO.
hubs.ly/Q04r1tk50
Yellow retweeted
Volkswagen to axe up to 100,000 jobs in sweeping cost-cutting drive ft.trib.al/wapoWbm
Yellow retweeted
My latest Economics Explained column in @FinancialReview. The massive increase in cigarette excise has INCREASED smoking in Australia. A lot. Illegal smokes are now more than 80% of the market. And excise revenue has cratered. The only way to fix this is to cut the excise to zero for a while. This will force illicit tobacco out of the market and allow us to start again. afr.com/politics/federal/the…
Pillar One being revived? 🤔
Countries should abandon digital services taxes and pursue a multilateral approach to the digital economy or risk US-led trade or tax retaliation, according to a bipartisan House resolution. news.bloombergtax.com/daily-…
Yellow retweeted
In medieval Germany, buildings were taxed on the area of their foundations, which is why they had larger upper than ground floors.
Yellow retweeted
The Australian Tax Office needs additional tools to discourage transfer pricing by tech companies hoping to avoid paying for local news content, the country’s commercial television broadcasters say. news.bloombergtax.com/daily-…
full-public-disclosure feature in Australia’s “country-by-country” reporting plan!
I get the feeling that what everyone wants to read right now is a tax article: eidebailly.com/insights/blog…
Yellow retweeted
Your client is using ChatGPT. Is that a privilege problem?
lawtimesnews.com/practice-ar…?
Yellow retweeted
The ATO has successfully appealed a ruling that could have opened the door for employees across Australia to claim their home office rent expenses as income tax deductions.
smartcompany.com.au/tax/empl…
The United Arab Emirates has introduced the first phase of a new research and development tax incentive regime, taking into account more favorable treatment of some nonrefundable tax credits in recent global minimum tax guidance. taxnotes.co/4cXx47Y
Multinational companies headquartered in Ireland are doing the math to decide whether a return to the United States would make sense following the side-by-side agreement package affecting global tax reform, a former OECD official said. taxnotes.co/4bAl0XZ
International tax observers should pay more attention to U.N. tax negotiations because developing countries frustrated with the outcome of the OECD pillar negotiations are discussing important tax topics there, according to the Estonian U.N. delegate. taxnotes.co/4sTh2kp
"It's kind of ironic that pillar 2 was supposed to set a floor on tax competition, and yet the side-by-side system may end up fueling more tax competition."
Check out @StephanieSoong's discussion about the OECD’s recent pillar 2 side-by-side package deal: taxnotes.co/4cxNunw
From @StephanieSoong: The United Kingdom’s budget watchdog has revised its global minimum tax revenue estimates downward, projecting a nine-figure loss because of the pillar 2 global minimum tax exemption for U.S.-parented multinational enterprises. taxnotes.co/46CNeQa
Many U.N. members favor building on existing methods of tax dispute resolution such as mediation and arbitration for a protocol to the U.N. tax convention, but African countries are still wary of mandatory binding arbitration. taxnotes.co/467koqT





















