The US Internal Revenue Service (IRS) plans to waive penalties for late returns for US businesses and individual taxpayers who missed filing deadlines at the height of the covid-19 pandemic
The Treasury is consulting on plans to modernise the tax treatment of foreign sovereign investors, such as heads of state and sovereign wealth funds, to bring the UK in line with the US and Australia
McDonald’s has come to a €1.25bn (£1.07bn) settlement in court in France to settle a long-standing tax dispute over royalties which were siphoned through Luxembourg to avoid tax
The Treasury has confirmed that it will delay the introduction of the 15% global base tax rate until the end of 2023, as OECD progress on the tax stalls
The common reporting standard has given HMRC the ability to access the financial details of taxpayers stashing money offshore, helping to close the tax gap, explains Andrew Park, tax investigations partner at Andersen
An alliance dedicated to tackling global financial crime and tax fraud must continue its efforts to defeat tax cheats, financial secretary to the Treasury, Lucy Frazer QC told an enforcement summit
The Joint Chiefs of Global Tax Enforcement (J5) has released an intelligence bulletin, warning banks, law enforcement personnel and private citizens of some of the dangers when dealing with non-fungible tokens (NFTs)
In an online consultation meeting, speakers called on the OECD to focus on providing more detailed guidance on plans for the rollout of the pillar two base rate of 15% corporate tax
Poland, Sweden, Estonia, and Malta have voted against a French proposed compromise on the introduction of a minimum global corporate tax rate in the EU
The OECD has launched a brief consultation over the draft rules for tax base determinations under Amount A of its pillar one rules to deal with digital taxation