This week the Spanish government announced its plans to impose windfall taxes on banking and energy, while the OECD has set itself a new deadline for pillar one.
Changes to disclosure requirements for listed companies in India have increased the compliance burden for tax directors when assessing RPTs and complying with TP rules.
This week the UK government may review its plan to raise corporation tax amid a political crisis, while Hungary is in talks with the US Republican Party over the global minimum tax rate.
The Cypriot government is set to increase tax certainty and make Cyprus more attractive to foreign investment after finally passing TP legislation aligned with OECD standards.
Companies are waiting for the Canada Revenue Agency to provide more guidance on TP following the Cameco case, particularly over the issue of recharacterisation.
This week European Commission officials consider legal loopholes to secure minimum corporate taxation, while Cisco and Microsoft shareholders call for tax transparency.
