Governments worldwide are seeking alternative means to attract businesses as global tax reforms and weak economic growth drive tax rates down, but the tax changes are anything but positive for businesses.
Russia intends to increase its VAT rate in 2019 to help fund business tax cuts elsewhere and stimulate competition, but not all companies will benefit.
Singapore’s Ministry of Finance has released the draft GST (Amendment) Bill 2017, seeking comments on six proposed changes that aim to ease business compliance, clarify existing legislation and improve tax administration.
Lebanon has become the 111th jurisdiction to join the Multilateral Convention on Mutual Administrative Assistance in Tax Matters (the convention) to enhance tax transparency and begin exchanging tax data with partner countries from 2018.
Governments worldwide are seeking alternative means to attract businesses as global tax reforms and weak economic growth drive tax rates down, but the tax changes are anything but positive for businesses.
Taylor Wessing has promoted Robert Young from partner to head of the tax and incentives group for the UK, and Anna Humphrey to tax and incentives partner.
