The US government has decided to set aside controversial proposals for a border adjustment tax (BAT) in order to push ahead with tax reform and get a bill through Congress by the end of the year, but is this the end of the BAT and how will the government fund the revenue gap?
Belgium is reinforcing the so-called ‘race to the bottom’ on corporate tax rates with its latest decision to lower the headline rate, but multinationals could face bigger problems as they lose beneficial tax deductions.
With less than six months until VAT begins to apply across the GCC’s member nations, the majority of businesses and industries operating in the region are delaying preparations as they await final laws, raising the risk of non-compliance and subsequent sanctions.
Harris Georgiades, Cyprus’ minister of finance, talks to Natalie Leonidou about tax reform and why his country is an attractive investment hub despite the drive for transparency in the wake of BEPS.
