The Biden Administration has released its FY 2025 tax proposals, attracting particular interest in this presidential election year. The US has extended some of its agreements on the withdrawal of Digital Services Taxes in light of the delays to the Pillar One Amount A timetable. The OECD has released detailed guidance on Amount B of Pillar One. Meanwhile, jurisdictions around the world continue Pillar Two implementation. In the EU, Member States have issued formal opinions on the BEFIT proposal, the European Public Prosecutor’s Office has issued stark statistics on EU VAT fraud and there have been updates to the EU list of non-cooperative jurisdictions.
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The Biden Administration has released its FY 2025 tax proposals, attracting particular interest in this presidential election year. The US has extended some of its agreements on the withdrawal of Digital Services Taxes in light of the delays to the Pillar One Amount A timetable. The OECD has released detailed guidance on Amount B of Pillar One. Meanwhile, jurisdictions around the world continue Pillar Two implementation. In the EU, Member States have issued formal opinions on the BEFIT proposal, the European Public Prosecutor’s Office has issued stark statistics on EU VAT fraud and there have been updates to the EU list of non-cooperative jurisdictions.
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