🇺🇸 Gli USA ottengono l’esclusione dal #Pillar2 OCSE: niente tassa minima globale del 15% per le big tech americane.
🇮🇹 L’Italia (e altri) perde così miliardi di entrate potenziali e strumenti contro l’elusione fiscale.
💸 La “tassa globale contro ľinequità fiscale” non è più tanto globale.
#fiscale #OCSE #BigTech #OECD #Google #Pillar2 #BEPS #G7 #tassazione #GiustiziaFiscale #multinazionali #capitalismo
IDK who the guy is*, and if he is no acolyte of #EVA/#NOPAT, the #BalancedScorecard, or Communism, he doesn't really understand accounting.
Even intelligent people say stupid things.
And, yes, the pics are somewhat appropriate. 😉
This is how the cookie crumbles.
Also: this is why "tax optimization" has such an immense leverage--and why the #OECD' #BEPS innitiative has taken so many years.
Just around 3 dozen countries and jurisdictions--not including the US and China--were ready to apply the 15% global minimum tax to big multinational companies starting Jan. 1.
@OECD #pillar2 #globalminimumtax #beps #corporatetax #multinationalcompanies
https://legalavocado.com/wp/avocado-weekly-global-minimum-tax-rolls-in-to-mixed-forecasts/
Five European Union member states have officially notified the European Commission that they intend to delay application of 2 key components of the Pillar 2 global minimum tax in the big @OECD tax reform.
#globalminimumtax #pillar2 #beps #corporatetax
https://legalavocado.com/wp/avocado-roundup-5-eu-member-states-elect-to-delay-key-pillar-two-rules/
Only ~ 3 dozen jurisdictions have committed to implement the global minimum tax so far, but uptake will likely "snowball" as the top-up tax spurs other countries to join the club, top @OECD officials said.
#globalminimumtax #pillar2 #beps #corporatetax
@hosford42 @amoshiashwili @dcjohnson
(5/5)
BEPS - #BaseErosionAndProfitShifting.
#BEPS includes many different initiatives that enables multinational companies and super wealthy individuals (to this day) to move earnings to countries where they pay a lower tax rate (or no taxes at all.)
In 2021, 130 countries agreed at least on minimum taxes for the biggest global players:
https://kpmg.com/ie/en/home/services/tax/corporate-tax/beps-2-pillar-one-pillar-two.html
This is an ongoing global project.
//
Global minimum tax to fall short of expectations, researchers warn https://www.euractiv.com/section/economy-jobs/news/global-minimum-tax-to-fall-short-of-expectations-researchers-warn/?utm_source=dlvr.it&utm_medium=mastodon #BEPS #G20 #GabrielZucman #globalminimumtax #OlafScholz
The US has put the OECD - OCDE 's Pillar One multilateral treaty to a 60-day consultation to get views of the US public, business community, the US Treasury secretary said in Luxembourg.
#BEPS #dst #bigtech #taxes #EU #France #UN
https://legalavocado.substack.com/p/avocado-roundup-us-wont-sign-pillar
#Singapore plans to make sure its implementation of the 15% global minimum tax on multinational #enterprises doesn’t complicate doing business in the city state, a government official said Friday.
#pillar2 #BEPS OECD - OCDE #tax #transferpricing
https://legalavocado.com/wp/avocado-roundup-pillar-2-rules-shouldnt-complicate-doing-business-in-singapore-official-says/
The United States lists 55 jurisdictions with which its competent authority has signed or is negotiating bilateral arrangements to automatically exchange tax information from big multinational companies’ country-by-country reports. A new OECD - OCDE report says it can do better.
#tax #transferpricing #reporting #BEPS #USA Internal Revenue Service
https://legalavocado.com/wp/work-to-sign-cbc-info-exchange-agreements-oecd-urges-us/
Don’t leave #digital #software out of “Amount B,” a key component of the global agreement to simplify transfer pricing, a coalition of global software companies told the OECD - OCDE.
#transferpricing @BakerMcKenzie #beps
https://legalavocado.com/wp/apply-amount-b-to-digital-software-sector-group-urges-oecd/
(6/n)
...ins Ausland zu ziehen ist es bei gleichen Staatseinkommen für die Finanzierung des Staatshaushalts nur möglich Arbeitseinkommen höher als Einkünfte aus Kapitalvermögen zu besteuern.
Nur durch international gültige Übereinkommen wie #BEPS bei denen dann zumindest auch alle großen Volkswirtschaften beteiligt sein müssen, lassen sich derartige Gesetzmäßigkeiten verändern.
Nationale Alleingänge, soweit durch EU-Recht nicht ausgeschlossen, sind somit praktisch...
(2/n)
...dem Ausland--das zeigte das letzte Jahrhundert z.B. mit der Entstehung von #Steueroasen.
Dass dadurch letztlich alle Staaten durch #Steuerdumping #Staatseinnahmen verlieren, hat man schon lange erkannt.
Deshalb wurde im Jahr 2013 der sog. #BEPS-Aktionsplan (1) bei der #OECD verabschiedet.
Der Detaillegrad und...
“Microsoft revenues in [NZ] have risen more than fivefold since 2018, to over $1 billion. It pays little tax [in NZ], and large fees to its US parent. It used to employ about 150 people locally but laid some off in April.”
I need to disagree on this one. Having some rotten apples does not make all apples unhealthy for consumption.
If you look at other examples--BTW benchmarking inherently always looks for the *best* practices--for instance the results (before politicians watered them down) of the #IGPCC or the #OECD #BEPS initiative on taxes, you can see the excellent results that #scientists can produce...probably not in the domain of actually converting it into actionable policy...
RT @EP_Taxation: This afternoon from 15.00 @EP_Taxation will be discussing VAT fraud with #EPPO's Laura Kövesi, #BEPS with @OECDtax's Achim Pross & 🇩🇪 tax policy. All details in thread below. Webstream link here https://multimedia.europarl.europa.eu/en/webstreaming/fisc-committee-meeting_20230328-1500-COMMITTEE-FISC
🐦🔗: https://n.respublicae.eu/EuroParlPress/status/1640638623912427522
Where are tax havens located? Paper http://policyhive.org/index.php/2022/12/09/where-are-tax-havens-really-located/ reviewing (i) legal approach aiming at "non-cooperative” jurisdictions on #taxevasion & (ii) economic approach on #Offshore Financial Centres benefiting from #BEPS & #tax avoidance flows
