Audit engagement partner Christopher Voogd has also been hit with a £32,500 charge over the firm’s work with Stirling Water Seafield Finance
China’s largest overhaul of its tax administration system in 24 years, featuring enhanced enforcement powers, is underway, says Abe Zhao of FenXun Partners
However, the US president increased tariffs on imported Chinese goods to 125%; in other news, UK tax firm MHA expects to raise £102m from its London listing
A mere three firms accounted for more than 90% of top-up taxes paid, according to research from Deloitte
Sponsored
-
Sponsored by HLB ThailandPaul Ashburn and Radapak Arthapridi of HLB Thailand say splitting contracts to separate labour from materials may not avoid withholding tax being applied to the goods provided, based on a ruling by the Thai Revenue Department -
Sponsored by insightsoftwareHear senior tax professionals from insightsoftware and Deloitte explain how tax data can be centralised into one platform in a webinar to be hosted by ITR at 2pm BST (9am Eastern Daylight Time) on April 29
-
Sponsored by EY RomaniaMiruna Enache and Amelia Toader of EY Romania report that several tax measures are key to the country’s recovery plans discussed with international financial institutions in the wake of a downgraded credit rating outlook
-
Taxpayers with Brazilian operations should revisit their withholding positions in light of updated US guidance, writes Rafael Benevides, senior tax counsel at Meta
-
The MEGlobal Canada decision highlights taxpayers’ frustrations over split jurisdiction for TP assessments as well as a need for legislative reform, one expert tells ITR
-
New US trade and tax policies risk placing European businesses at a significant structural disadvantage, the group said
-
The new tariffs could force companies to reroute logistics, renegotiate crucial deals or even uproot their production facilities, one tax expert tells ITR
-
While nearly all large firms said they were already using GenAI, only 63% of small firms reported the same
-
The OECD’s minimum tax rules will require enhanced due diligence from buyers, says Osborne Clarke partner Esther Villa
-
The EU is preparing countermeasures to protect its interests, Ursula von der Leyen said; in other news, the NRA is suing the state of Colorado over a 6.5% tax on the sale of firearms
-
The ruling is ‘well-structured’ in its references to the OECD TP guidelines, one expert says, while another argues it overlooks key technical issues
-
India also brokered its first-ever multilateral APA last year, the Central Board of Taxes announced
