Spain’s Sanchez Likely to Extend Anti-Inflation Aid Measures
Spanish Prime Minister
The Biden administration is proposing to allies that they extend a coordinated freeze on new digital services taxes beyond its planned expiration at the end of this year, in a bid to avert a trade war among friends and keep alive a foundering global tax deal.
The IRS is planning further guidance on transfers of intellectual property out of and into the US, to address questions that weren’t dealt with in proposed rules issued in May, a Treasury Department official said Wednesday.
House Republicans are urging Treasury Secretary Janet Yellen to “protect US taxpayers” against Germany’s century-old tax on intellectual property income that’s been a headache for companies.
The companies may have had other reasons for buying back so many shares when they did. Still, the jump in repurchases appears to poke a hole in the conventional thinking that the 1% buyback tax implemented in January has been too small to affect companies’ behavior.
Spanish Prime Minister
Crypto exchange
Our Spotlight series highlights the careers and lives of tax professionals around the world. This week’s Spotlight is on Irina Kimelfeld, a tax partner at EisnerAmper and a member of its financial services group in New York City.
Two months after the collapse of
The UK Treasury announced a plan to ease a windfall tax on the profits of UK oil and gas companies, but the measure was quickly criticized as insufficient to boost investment in the North Sea.
France will seek to tighten tax benefits for
US President
The Biden administration is proposing to allies that they extend a coordinated freeze on new digital services taxes beyond its planned expiration at the end of this year, in a bid to avert a trade war among friends and keep alive a foundering global tax deal.
Britian is set to scale back its windfall tax on oil and gas producers as part of wider efforts to boost investment in the North Sea, the Financial Times
Treasury Secretary
In 2021, 137 countries agreed on a global minimum corporate tax rate of 15% for big global companies. This video explains why countries felt such a tax was needed and how it will work.
The
Crypto exchange
Two months after the collapse of
Remember Web 3.0? No? Allow ChatGPT to refresh your memory: Web 3.0, according to GPT-4, is “the next frontier in internet technology, characterized by decentralized, user-centric applications that prioritize data privacy and foster seamless, interconnected experiences.”
Jared Bernstein’s nomination to chair the White House Council of Economic Advisers is set for a vote next week under a plan announced by Majority Leader Chuck Schumer (D-N.Y.).
The Taiwanese Ministry of Finance June 6 opened a consultation on draft regulations governing income tax deferral rules under the Enterprise Mergers and Acquisitions Act. The draft regulations include measures ...
The Norwegian Ministry of Finance June 6 opened a consultation on the domestic implementation of a global minimum tax for covered multinational enterprise (MNE) groups, under the OECD’s Pillar Two ...
The Singaporean Ministry of Finance June 6 opened a consultation on a draft income tax amendment bill, to implement budget and non-budget measures. The draft bill includes measures that would: ...
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