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Large Jersey businesses facing higher tax

THE profits of hundreds of Jersey-based companies are likely to be taxed at 15% from 2025 as part of an international deal, according to the government.It is not known by how much the move will boost public coffers, but it is understood that the numb.

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G20 endorses global minimum tax rate

The global economy is one step closer to a minimum corporate tax of 15 per cent after the Prime Minister and other G20 Leaders endorsed the OECD

Central bank governorsInclusive framework steering groupInclusive framework on base erosionPrime ministerBase erosionProfit shiftingFramework steeringMultinational anti avoidance lawDiverted profits taxTax avoidance taskforceMorrison government

Australia welcomes historic global tax agreement

The Morrison Government welcomes the significant progress made overnight towards the implementation of a global tax agreement which will help ensure

Central bank governorsInclusive framework steering groupInclusive framework on base erosionMorrison governmentBase erosionProfit shiftingFramework steering groupAnti avoidance lawDiverted profits taxTax avoidance taskforce

Department of the Treasury - Australian Government (via Public) / Australia welcomes historic global tax agreement

Department of the Treasury - Australian Government (via Public) / Australia welcomes historic global tax agreement
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Central bank governorsInclusive framework steering groupInclusive framework on base erosionMorrison governmentBase erosionProfit shiftingFramework steering groupMultinational anti avoidance lawDiverted profits taxTax avoidance taskforceDepartment of the treasury australian government via public australia welcomes historic global tax agreement

This week in tax: Brazil s Congress aims for VAT reform | International Tax Review

Investors lose hope in corporate tax reform Investors are disappointed to find the National Congress of Brazil has side-lined comprehensive plans for tax reform in favour of incremental change after Brazilian tax reform slowed to a halt during the COVID-19 pandemic. “The ideal tax reform is the one that Congress can approve at this time,” said Arthur Lira, speaker of the lower house. The Bolsonaro administration made corporate tax reform a key part of its economic agenda. Paulo Guedes, minister of the economy, wanted to overhaul the formulaic tax system in Brazil and return to the arm’s-length principle (ALP).

United statesUnited kingdomNirmala sitharamanPaschal donohoePaulo guedesNational congressGulf cooperation councilSerum institute covishieldUs treasury office of taxBrazilian senateEuropean unionEuromoney institutional investorSerum instituteInclusive framework steering groupArthur liraBharat biotech