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Corporate tax


The EU executive on Tuesday, May 18 adopted a plan for a more unified corporate tax regime across the bloc, which the 27 national systems are struggling to cope with in a world where cross-border business, often via the Internet, are commonplace. According to his proposal, some large companies operating in the EU would have …

To print this article, simply register or connect to Mondaq.com. On May 4, 2021, the Luxembourg tax administration informed Luxembourg taxpayers of the publication of the corporation tax forms and related appendices for the 2020 tax year. With the entry into force of the anti-hybrid rules of the 2nd anti-tax avoidance directive (“ATAD2“) January 1, …

Congressional Democrats have reintroduced legislation in the House and Senate to shed light on the use of corporate tax havens and incentives for outsourcing jobs abroad, The Tax Haven Disclosure and Offshoring Act, reintroduced on Tuesday, by Rep. Cindy Axne, D-Iowa, and Sen. Chris Van Hollen, D-Maryland, would require public companies to disclose their country-by-country …

Elections have consequences. Pandemics too. These 21st century political truisms could bring about a fundamental shift in the relationships between businesses and states around the world. Or maybe not. On April 5, U.S. Treasury Secretary Janet Yellen launched the idea of ​​a global minimum corporate tax rate in a speech to the Chicago Council on …

Malta was ranked 21st in the Tax Justice Network’s corporate tax havens index, making the island’s financial services center responsible for 1.72% of the risk of corporate tax abuse in the world. The Tax Haven Index, in which governments provide TJN with answers on their international tax rules, is a measure of the tax systems …

UUnited States President Joe Biden has declared his intention to increase spending. After adding a $ 1.9 trillion stimulus package to those announced by the Donald Trump administration, he unveiled a massive eight-year, $ 2000 billion infrastructure spending program for revive the American economy and restore its competitiveness. There will likely be another $ 1 …

Congress is unlikely to raise the corporate tax rate to well above 25%, as that is as high as Sen. Joe Manchin (DW.Va.) is likely to go, and his vote is critical to maintaining Democrats together in the Senate, Diana Deem, director of parliamentary and political affairs at the American Institute of CPAs, said at …

Of all the goals of the tax review proposed by President Joe Biden, companies are the most likely to experience a rate hike, said Greg Fleming, director of wealth advisor Rockefeller Capital Management. “If you lower the corporate tax from 21% to 28%, that’s about $ 1,000 billion over the period the president is looking …

The government’s dependence on large multinationals for tax revenue intensified further due to the impact of Covid-19 last year, with the top 10 companies now contributing for the first time to more than the half of all corporate tax revenue. New figures released by the Revenue Commissioners show the top 10 payers contributed 51% of …

by Steve Haner First published this morning in the Roanoke Times. With Virginia’s fiscal year now three quarters over, and essentially a year since the depths of the COVID-19 recession, the state’s tax revenues are skyrocketing. Despite reports that the boom is the result of economic reboundit remains clear that changes in tax policy under …