This month, the US followed the EU’s lead in taking its first steps towards the introduction of public country by country reporting. There are signs that members of the European Parliament are becoming impatient in waiting for a global agreement on taxing the digital economy, with a resolution on a temporary EU digital services tax. The European Commission has also put forward a bold new vision for EU tax policy. Companies should re-evaluate the permanent establishment and residence risks in relation to cross-border workers still working from home as government restrictions begin to lift. Recent judgments in the EU and India may have implications for multinationals. In Taiwan, there is an update on rules allowing a one-time transfer pricing adjustment before the year-end for companies engaged in certain controlled transactions.
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This month, the US followed the EU’s lead in taking its first steps towards the introduction of public country by country reporting. There are signs that members of the European Parliament are becoming impatient in waiting for a global agreement on taxing the digital economy, with a resolution on a temporary EU digital services tax. The European Commission has also put forward a bold new vision for EU tax policy. Companies should re-evaluate the permanent establishment and residence risks in relation to cross-border workers still working from home as government restrictions begin to lift. Recent judgments in the EU and India may have implications for multinationals. In Taiwan, there is an update on rules allowing a one-time transfer pricing adjustment before the year-end for companies engaged in certain controlled transactions.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
