by Isioma Ogbue | Dec 6, 2018 | Tax News
Last year, the tax burden in OECD countries reached its highest level recorded, at 34.2 percent of gross domestic product, up 20 basis points on 2016, largely due to increasing taxes on personal consumption and companies.
Source: IRS Tax News –...
by Isioma Ogbue | Nov 22, 2018 | Tax News
Releasing a progress update, the OECD said international efforts to curb harmful tax practices and prevent the misuse of preferential tax regimes are having a tangible impact worldwide.
Source: IRS Tax News – Tax-News.com: OECD Reports Progress On Harmful...
by Isioma Ogbue | Nov 1, 2018 | Tax News
The Financial Accounting Standards Board (FASB) on October 31 issued Accounting Standards Update 2018-17, intended to reduce the cost and complexity of financial reporting associated with consolidation of variable interest entities (VIEs), for which consolidation is...
by Isioma Ogbue | Oct 28, 2018 | Tax News
The Association of International Certified Professional Accountants has issued a policy paper calling for a multilateral approach to solving the tax challenges posed by the digital economy.
Source: IRS Tax News – Tax-News.com: Global CPA Body Calls For...
by Isioma Ogbue | Oct 28, 2018 | Tax News
Estonia has topped the Tax Foundation’s International Tax Competitiveness Index for the fifth successive year, being deemed to have the “best tax code in the OECD.”
Source: IRS Tax News – Tax-News.com: Estonia Tops Tax Foundation’s...
by Isioma Ogbue | Oct 11, 2018 | Tax News
On October 10, 2018, the United States Treasury Department and the Internal Revenue Service published a Notice of Proposed Rulemaking in the Federal Register notifying taxpayers of the availability of additional guidance regarding the transition tax under Section...
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