Tech-companies are downsizing…. states are preparing for the digital tax era that’s now inevitable…. along with the enactment of the global minimum tax (read GMT article for reference) starting mid-year 2023. Hopefully, tech-companies are also preparing how to navigate the on-slot of digital service tax compliance and reporting requirements they may be subjected to. DuringContinue reading “U.S. States Move Forward with Digital Service Tax Legislation”
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Global Minimum Tax on Multi-national Entities Moves Forward in 2023
The European Union (EU) has recently adopted a new global minimum tax to help combat tax avoidance by multinational corporations (MNEs). The new tax, which is set at 15%, is intended to prevent companies from shifting profits to low-tax jurisdictions to reduce their overall tax burden. This will eventually be adopted by all member nationsContinue reading “Global Minimum Tax on Multi-national Entities Moves Forward in 2023”