The Trump administration made headlines with its imposition of additional tariffs on goods from various countries, including China, Mexico, and Canada. These tariffs, essentially taxes on imported goods, sent ripples…
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Is Pillar Two thriving or at risk: What President Trump’s U.S. Exit from global tax deal means for multinationals
Trump’s Withdrawal from OECD Pillar Two: What We Know President Trump withdrew U.S. support from the OECD’s global tax deal. He also directed the Treasury Department to identify countries imposing…
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Leveraging the Orbitax Global Minimum Tax Solution for BEPS Pillar Two in a Co-Sourced Model
The implementation of BEPS (Base Erosion and Profit Shifting) Pillar Two brings significant challenges for multinational enterprises (MNEs) navigating the global minimum tax rules. Unlike traditional outsourcing models, where compliance…
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October 2024: BEPS Pillar 2 Highlights
European Union-Cyprus-Poland-Portugal-Spain European Commission Refers Cyprus, Poland, Portugal, and Spain to CJEU for Failure to Notify Transposition of Pillar 2 Directive (approved) The European Commission has announced its referral of Cyprus, Poland,…
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September 2024: BEPS Pillar 2 Highlights
Belgium Accepting Advance Payments for Pillar 2 Global Minimum Tax (Approved) Belgium’s Federal Public Service (SPF) Finance has issued a release announcing that MNE groups subject to the Pillar 2 global minimum…
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August 2024: BEPS Pillar 2 Highlights
Australia Pillar 2 Global Minimum Tax Legislation Introduced in Parliament Australian Treasurer Jim Chalmers has announced the introduction of legislation in parliament for the implementation of the Pillar 2 global minimum tax,…
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May 2024: Pillar 2 Highlights
Estonia On 2 May 2024, Estonia published in the Official Gazette, the return requirements for the Pillar 2 global minimum tax of Council Directive (EU) 2022/2523. Estonia has opted to delay…
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Charting technology’s effectiveness for tax and finance professionals
Nearly three in four professionals surveyed (74%) noted that technology helps them, and their teams focus on more value-added activities.
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Professionals want AI to produce work – APAC report
Thomson Reuters’ Future of Professionals Report – Asia & Emerging Markets Edition found 70% of corporate professionals in SEA want AI to help with work.
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Global Minimum Tax Compliance: The Calm Before the Storm
Preparing for the Global Minimum Tax Era The introduction of the Global Minimum Tax (GMT) under the OECD’s BEPS Pillar Two framework is revolutionizing the landscape of international taxation. With…
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