Digital Economy / All

On 5 June 2021, at the G7 meeting in London, the G7 finance ministers reached agreement, in principle, to key elements of the global tax reform set out in the OECD BEPS 2.0 plan.

On May 18, 2021, the European Commission unveiled its Communication on “Business Taxation for the 21st Century” (the Communication).

KPMG responded on 7 May 2021 to the Department of Finance’s consultation on Ireland’s Tax Treaty Policy.

Minister confirms commitment to BEPS process & current corporate tax rate.

On 7 April 2021, the U.S. Department of the Treasury published its detailed ‘The Made in America Tax Plan’. The plan proposes reforms to the Base Erosion and Anti-Abuse Tax, Global Intangible low-tax income and foreign-derived intangible income regimes.

In this article, Conor O’Brien, KPMG Tax Partner, takes stock of recent corporate tax developments within the European Union, priority items on the agenda of the Portuguese presidency of the EU Council for the first half of 2021, and some key proposals that may be coming further down the line.

Who’s at risk under the latest global tax proposals?

As we march forward into 2021, the international tax landscape continues to be “interesting” and especially so for insurance companies.

The OECD in October 2020 released reports described as “Blueprints” concerning solutions to the tax challenges arising from digitalisation of the economy.