This week in tax: OECD predicts 90% pillar two coverage by 2025

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This week in tax: OECD predicts 90% pillar two coverage by 2025

OECD building

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

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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’
Coca-Cola ‘strongly believes’ the IRS and the Tax Court misinterpreted and misapplied the applicable regulations for its TP dispute over foreign affiliates
Nigeria is pondering the adoption of pillar two despite rejecting it in the past, local experts also suggest
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
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Specialist technology can save companies time, money and compliance stress by revolutionising a multitude of TP processes, says Russell Gammon of Tax Systems
Research also revealed that 17% of UK business leaders believe a 25% cap on corporation tax is the most important policy for their business
The consultation paper is a part of a large number of measures that the Australian government has flagged in response to the PwC tax scandal
The former Husch Blackwell attorney failed to pay income tax despite living lavishly; in other news, Italy vows to strengthen digital services tax
The memorandum raises concerns and taxpayer challenges should be expected, four experts tell ITR
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