Attempts to stop some of the world’s biggest companies shifting profits across borders to avoid paying tax are “in peril” following Donald Trump’s definitive win in the US presidential election, experts said.
A global deal inked at the Paris-based OECD in 2021 was expected to raise the tax take from the world’s biggest multinationals by up to $US192 billion a year. Several countries – including EU member states, the UK, Norway, Australia, South Korea, Japan and Canada – partly introduced the pact this year.
Potential candidates for US President Donald Trump’s Working Group on Digital Asset Markets have been revealed as crypto industry executives vie for highly-coveted seats on the advisory council. According
Cyprus has yet to enforce the new EU rules introducing a minimum effective tax rate of 15% for multinational corporations operating within EU member-states. Alongside nine other countries, Cyprus was
Singapore has been accelerating its tightening of various investment regimes since March after at least one of the defendants in a recent SGD3 billion (USD2.2 billion) money laundering case was involved
Jersey could tighten the rules on how it governs American companies based in the island for tax. The treasury said the regulations needed to match the Common Reporting Standard (CRS) – the global