Norway is one of the most heavily taxed countries in the world and Finance Minister Siv Jensen wants tax cuts for businesses to remain competitive and deter profit shifting. Jensen talks to TP Week about Norway’s corporate tax rate, the digital economy and why she does not believe in a digital sales tax.
BNY Mellon’s head of global tax services, Mariano Giralt, and head of UK tax services, Chris Mitchell, tell TP Week about tax risk management and the technology they use to adjust to the new international tax landscape in the custodian business.
Switzerland is attempting to legislate the Swiss Tax Proposal 17 under a new guise after the previous proposal was rejected in a referendum. The government wants to strengthen the country’s competitiveness and clean up its tax haven reputation through a new patent box, R&D incentives and cantonal corporate tax rates between 12% and 14%.
The insurance industry notes that insurance for tax risks in M&A is a rapidly growing market. While there is client demand for insurance on transfer pricing arrangements, it remains a high risk area for insurers.
The European Commission has proposed a digital sales tax on revenues as an interim measure and a virtual permanent establishment regime for the long-term. However, there are risks that such an uncoordinated move could distort trade competition and lead to double taxation.
