2020 was an important year for international tax, as momentum has built up for change, both from a policy and administration perspective. It is the year when we appear to have witnessed the begins of a shift from tax competition between jurisdictions to tax normalisation. We’ve seen continuations in the trends for both greater transparency in tax and for new environmental taxes. The continuing debate over the location of taxation rights over profits made by businesses has reached the frontline of global politics. Meanwhile, the covid pandemic has encouraged governments to ask yet more from their tax administrations, which have fast become the data hub of governments.
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2020 was an important year for international tax, as momentum has built up for change, both from a policy and administration perspective. It is the year when we appear to have witnessed the begins of a shift from tax competition between jurisdictions to tax normalisation. We’ve seen continuations in the trends for both greater transparency in tax and for new environmental taxes. The continuing debate over the location of taxation rights over profits made by businesses has reached the frontline of global politics. Meanwhile, the covid pandemic has encouraged governments to ask yet more from their tax administrations, which have fast become the data hub of governments.
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:
