Corporate tax
December 2023 | SPECIAL REPORT: CORPORATE TAX
Financier Worldwide Magazine
December 2023 Issue
Q&A: Tax technology strategy: transformation and enhancement
There are many risks that can stem from companies not making the right investment into enhancing their tax technology, which are all likely to translate into a single overarching one: loss of competitive edge. FW discusses how to transform and enhance tax technology strategy with Romain Tiffon at ATOZ Tax Advisers.
Tax challenges in the digital economy – Amount B of Pillar One
BDO Tax Services (Pty) Ltd Amount B is a component of Pillar One introduced to aid, simplify and streamline the transfer pricing process of pricing baseline marketing and wholesale distribution activities.
The shifting sands of transfer pricing
Charles River Associates From a practical perspective, the Amount B framework does not reduce complexities for multinational corporations, such as aligning transfer pricing and customs requirements and making year-end adjustments.
Herbert Smith Freehills (Paris) LLP The Pillar Two tax regime aims to discourage shifting of profits by establishing a global minimum level of taxation in relation to each country where a multinational enterprise group operates.
Further attempts to harmonise and simplify direct taxation in the EU
Ashurst The Business in Europe: Framework for Income Taxation proposal introduces a common framework for calculating the corporate income taxable base at EU level.
Simplification of the tax system – UK focus with international context
Deloitte LLP Simplifying a tax system is not a quick or easy process. It depends on many factors – economic, political, the age of the tax system and others.
Taxation of carried interest: a view from the UK
Simmons & Simmons LLP The question that has been hotly debated in recent months is whether the memorandum of understanding is a statement of law or a ‘sweetheart deal’ for the industry; and if it is a statement of law, whether it is correct or incorrect.
Corporate tax: the dawn of a new tax era in the UAE
FAME Advisory DMCC The new corporate tax regime will bring increased transparency in terms of tax compliance and accountability and provide investors with greater confidence in the UAE’s regulatory framework.
Expanding scope of the Australian general anti-avoidance rule
Johnson Winter Slattery There is an increasing risk that the Australian Taxation Office will seek to apply the Australian general anti-avoidance rule to arrangements otherwise considered conventional.
Q&A: Tax insurance in real estate
Once it is determined that a risk is insurable, clear and concise presentation of the risk to the insurance markets can favourably impact both the willingness to insure and the cost of coverage. FW discusses tax insurance in real estate with Devorah I. Pomerantz at Great American Insurance Group.
CONTRIBUTORS
Ashurst
ATOZ Tax Advisers
BDO Tax Services (Pty) Ltd
Charles River Associates
Deloitte LLP
FAME Advisory DMCC
Great American Insurance Group
Herbert Smith Freehills (Paris) LLP
Johnson Winter Slattery
Simmons & Simmons LLP