Automatic exchange of information (AEOI) is helping a growing number of countries in the global south combat illicit financial flows (IFFs) as they try to contain the pandemic and its economic fallout.
Taxpayers are facing difficult questions about withholding taxes on investment portfolios. This is partly because of a lack of much needed digitalisation.
Royal Dutch Shell abandoned its dual structure in favour of moving its tax base from the Netherlands back to the UK. The company has run on a dual structure for the past 16 years.
Investors in cryptocurrencies and other digital assets such as NFTs need a tax framework with clear rules and definitions in order to get the certainty they need to do business. Tax authorities have other ideas.
This week the European Parliament voted to implement public country-by-country reporting (CbCR) across the EU. The vote was the last obstacle for making public CbCR a reality across the economic bloc.
Finance ministers from developing countries highlight lower levels of tax avoidance and evasion from partnering with the Tax Inspectors Without Borders (TIWB). An important development to raise revenue by closing tax gaps in a post-COVID-19 world.
