2021 set to put higher direct tax burdens on large businesses

International Tax Review is part of Legal Benchmarking Limited, 4 Bouverie Street, London, EC4Y 8AX

Copyright © Legal Benchmarking Limited and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

2021 set to put higher direct tax burdens on large businesses

The 2021 outlook is higher direct tax burdens on large businesses

Tax directors are scrutinising their cash-flow models, while some large businesses are outsourcing more of their tax functions to the Big Four accounting firms to help with incoming tax and legal changes in the US, UK, and EU.

Unlock this content.

The content you are trying to view is exclusive to our subscribers.

To unlock this content:

Take a Free Trial or Login
more across site & bottom lb ros

More from across our site

The Independent Schools Council is bringing litigation against the UK government for what it calls an ‘unprecedented education tax’
But the firm said that ‘difficult market conditions’ led to a slowdown in Asia Pacific; in other news, OECD begins Thailand accession process
The move will provide certainty to taxpayers and reduce the risk associated with pricing transactions for TP, according to India’s Ministry of Finance
Pia Honkala, co-head of Aibidia’s operational TP product, tells ITR how her company works in harmony with advisers like the ‘big four’ to revolutionise clients’ processes
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
Under the proposed directive, multinationals with numerous EU presences would have to make only one filing to comply with pillar two
Robert Venables of Old Street Tax Chambers had previously brought multiple cases against HMRC on behalf of clients
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
Gift this article