As the financial crisis takes its toll on countries in Europe, North America and Asia and with aid budgets under pressure, attention has turned to tax as a means of financing development in poor countries. Do tax directors have a part to play in this? And is there a business case for helping poor countries raise tax revenue? David McNair of Christian Aid of the UK looks at the debate.
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The UK is ‘heading to Scandinavia’ as its tax burden increases and isn’t creating an attractive environment for a wave of investment, experts have told ITR
Japan, South Korea and Germany increased their R&D tax budgets at a much greater rate over a 14-year period, say RCK Partners and the London Business School
No further action will be taken in relation to the four cases, however the regulator said it hopes to conclude five remaining investigations into PwC’s tax leaks scandal ‘as soon as possible’
The OECD also reported ‘political issues’ in reaching a consensus on amount B; in other news, PwC introduced new managing director roles as a partnership alternative
Coca-Cola ‘strongly believes’ the IRS and the Tax Court misinterpreted and misapplied the applicable regulations for its TP dispute over foreign affiliates
The self-governing UK dependency said that over 95% of Jersey companies will be unaffected by pillar two and that Revenue Jersey is ‘well-equipped’ to implement the rules