Following the OECD tax agreement, the US government has cut a deal with five European countries to put aside the threat of tariffs over digital tax measures. This agreement may help secure international tax reform.
The OECD-brokered deal requires countries to revoke all digital services taxes (DST) and any equivalent measures. The deal also commits governments to not introduce such measures in the future.
The Indonesian government has cancelled the planned corporate tax cut in favour of creating a carbon tax regime and raising the VAT rate. However, the government will also be holding a tax amnesty.
This week the European Council (EC) adopted the proposed directive, making public country-by-country reporting (CbCR) a real possibility across the EU.
