On 22 December 2021, the European Commission published a proposal for a Directive setting out rules aimed at tackling the abusive use of so-called "shell" companies.
As expected, United Arab Emirates (UAE) have announced the introduction of Corporate Income Tax on 31 January 2022. As a signatory to the Two Pillar package driven by the Organization.
The Organization for Economic Cooperation and Development claims it’s giving up its elitist ways, but it’s still strong-arming countries in the Global South.