UK Chancellor of the Exchequer Phillip Hammond will deliver the last Spring Budget speech on Wednesday, March 8 ahead of the switch to Autumn Budgets and Spring Statements.
Tax transparency activists are rejoicing after MEPs in the European Parliament passed amendments to the EU Anti-Money Laundering Directive that allow public access to registers containing the details of the beneficial owners of companies and trusts.
The EU will lead the way in defining how countries worldwide will implement rules to stop the use of hybrid mismatch arrangements in line with BEPS Action 2 after the Economic and Financial Affairs Council (ECOFIN) agreed its position on the rules to prevent the practice with the tax systems of non-EU countries.
With corporations meeting the demands of rapidly changing regulations, increased audits, and new tax technology functions, some are overwhelmed with how much tax is influencing their business strategy – leading to a number of outsourcing arrangements. Amelia Schwanke explores whether General Electric (GE) and PwC’s recent agreement has ignited a new trend for outsourcing a business’s tax function
