We explain what must be disclosed under Australian Public Country-by-Country Reporting (Public CbCR) and why it should not be viewed as simply a public version of the OECD CbC report.
In this video we discuss Australian Public Country-by-Country Reporting (Public CbCR), one of the most significant new transparency initiatives affecting multinational groups with Australian operations.
In this episode, we explain the important differences between the Australian Local File (ALF) and Transfer Pricing Documentation (TPD), two concepts that are often confused by Japanese companies operating in Australia.
This KPMG International webinar, held on Thursday 17 September, examines early compliance experiences under the EU Packaging and Packaging Waste Regulation (PPWR).
In this episode, we provide a high-level overview of Australia's transfer pricing compliance framework, including CbC Reporting, Transfer Pricing Documentation (TPD), the International Dealings Schedule (IDS), and Australian Public CbC Reporting.
The package includes the framework for legislative peer reviews and additional administrative guidance on explicitly conditional taxes and qualified domestic minimum top-up taxes.
The ATO has not endorsed unrestricted aggregation of transactions, nor has it retreated from its current statutory approach concerning delineation and reconstruction, as outlined by Tim Keeling and Sam van Berkel.
In this episode, we explore Significant Global Entity (SGE) and Country-by-Country Reporting Entity (CbCRE), two key concepts that help determine which Australian transfer pricing compliance obligations may apply to your business.
This KPMG International webinar, held on Thursday 27 August 2026, covers the impact of AI on the value chain, practical approaches to implementing and monitoring transfer pricing, and methods for managing controversies.
In our new Australian Transfer Pricing in 4 Minutes video series, we discuss key Australian transfer pricing concepts and compliance requirements in a practical, easy-to-follow format for businesses operating in Australia.
The initiative represents a significant opportunity to simplify the EU tax framework, reduce compliance burdens, and strengthen the competitiveness of the EU internal market, as detailed by Raluca Enache.
This webinar, held on 8 August 2026, equips businesses with updates, practical insights, actionable strategies and effective tools to help successfully navigate the complexities of today’s challenging landscape.
This report, by KPMG New Zealand, features a summary of tax policies announced by the political parties in advance of the 2026 general election.
This KPMG International report reveals a clear divide between tax functions built for speed, coordination and AI-enabled insight and those constrained by fragmented systems and reactive execution.
The Global Minimum Tax is estimated to reduce profit-shifting substantially with a reduction of between 22.6 and 44.6 percent.
This global webinar, held on Tuesday 21 July, unpacks the 2024 GIR filing experience and explore what comes next from both an operational and technical readiness perspective.
The draft legislation updates the UK’s multinational and domestic top-up taxes legislation for recent OECD developments.
European direct tax policy is entering a new phase as the European Commission is moving forward with its proposals for a Tax Simplification Omnibus and the Recast of the Directive on Administrative Cooperation (DAC).
This report by KPMG US provides analysis and observations on the Revisions to Chapter VII and high-level summaries of the 21 examples.
Glen Hutchings and Phil Beswick discuss why transfer pricing governance has become a key focus given its inherent tax risk and how organisations can strengthen controls, improve reporting accuracy and unlock both risk protection and value creation.
This report outlines KPMG insights from the recent transfer pricing audits when KPMG assisted companies in the Energy and Natural Resources space with managing the disputes.
This KPMG US report provides initial analysis and observations of the OECD document covering support for central GIR filing and exchange.
From a multinational tax perspective, the measures reinforce a continued alignment with global reform settings, and a more targeted approach to taxing economic activity connected to Australia.
The documents are the first updates from the OECD since the publication of the Side-by-Side Package in January 2026.
This report analyses how the application of different types of tax incentives may trigger a potential Top-up Tax exposure for MNE Groups in scope of the GloBE rules.
This webinar, held on Wednesday 29 April, features insights on the tax initiatives poised to have the greatest impact on financial services.
Taxpayers who fall outside their relevant low risk zone can expect some form of ongoing monitoring and compliance activity on their inbound distribution transfer pricing arrangements.
The new tranche of draft legislation sets out provisions that will govern the calculation of embedded emissions, record-keeping and procedures for monitoring and verifying emissions data, as highlighted by KPMG UK’s Barbara Bell and Chalotte Capper.
This webinar, held on Thursday 9 April, explores the latest transfer pricing developments and shares sector-specific insights. A recording is now available.
Significant new opportunities for exporters, importers and investors will now open, following eight years of negotiations, as detailed by Daniel Rae, Jake Callaghan and Seb Law.
Now is the time for multinational groups to promptly evaluate their data readiness and processes, and finalise their position regarding the statement of approach to tax, as highlighted by Sean Madden, Phil Beswick and Amanda Maguire.
This article discusses the potential tariff refund process landscape, which was observed by Justice Kavanaugh in his dissenting opinion as “…likely to be a mess.”
The Budget includes an enhancement of tax incentives for funds and family offices by broadening the definition of “fund” and recognising digital assets, precious metals and certain commodities as eligible investments for tax concessions.
KPMG’s Global Trade and Customs Services Leader Andrew Siciliano discusses the uncertainty and disruption to companies caused by tariffs, and how they are responding.
It’s recommended to be proactive with Voluntary Disclosures as they can protect from prosecution if made before Australian Border Force audit activity has commenced, as detailed by Daniel Rae, Onur Tekin and Jake Callaghan.
Singapore’s budget includes a 40 percent corporate income tax rebate to ease the tax burden for all businesses, and benefit even more Small and Medium Enterprises (SMEs) given the cap of $30,000.
An amendment extends the deadline for making both long term and annual multinational top-up tax elections under Pillar Two, as highlighted by KPMG UK’s Tim Sarson & Sharon Baynham.
The filing exemptions provided by the ATO are reasonable overall, given the approach of the ATO to only provide an exemption in circumstances where there can never be a top-up tax liability, as detailed by Alia Lum and Amanda Maguire.
The guidance clarifies the UK administrator’s expectations for compliance with the UK transfer pricing rules and provides practical steps that taxpayers can take to meet these expectations.
Kristie Schubert and Sam van Berkel discuss the fast-shifting MAP landscape, including changes to Australia’s tax treaties and how these have elevated MAPs as an effective and realistic way of moving on from disputes.
The 88-page side-by-side package of documents modifies key elements of the Pillar Two global minimum tax framework.
This KPMG International webinar, held on 14 January, explores the implications of recent developments in relation to the Pillar Two side-by-side approach.
This webinar, held on Thursday 11 December, delves into the complexity of tax scrutiny and transfer pricing disputes, which are increasingly dominating the landscape.
Both UK importers and overseas exporters of CBAM-able goods should already be looking at the impact on their businesses, writes KPMG UK’s Barbara Bell.
Taxpayers that fall outside their relevant low risk zone can expect some form of ongoing monitoring and compliance activity on their inbound distribution transfer pricing arrangements, as outlined by Tom Carter and Jake Outram.
The narrowness of the availability of an exemption continues to be evident, with a focus on establishing exceptional circumstances and substantial adverse ramifications, as highlighted by Sean Madden and Amanda Maguire.
The release of the ATO’s sample combined return form is helpful for taxpayers to understand the format and level of detail that will be required for Australian Pillar Two tax filing purposes and should support the finalisation of compliance plans.
The update provides helpful guidance for businesses regarding the tax implications of remote work and permanent establishment risk, as detailed by Denis Larkin, Priscilla Tang and Tom Newsome.
The use of advance pricing agreements and mutual agreement procedures provide an invaluable means of navigating ever increasing and complex transfer pricing arrangements, as highlighted by Glen Hutchings, Frank Putrino and Amanda Maguire.
KPMG UK has provided a detailed summary of the key tax measures announced in the UK Government’s Autumn Budget.
The new filing obligation represents a significant shift in UK transfer pricing compliance and risk management, as outlined by KPMG UK’s Phil Roper.
This KPMG International webinar, held on Thursday 27 November, looks at the evolving direction of EU tax policy and the implications of the upcoming Cypriot presidency of the European Council.
The guidelines introduce a Simplified and Streamlined Approach (SSA) for marketing and distribution activities, which will apply on a three-year pilot basis.
The IRS is fully back in operation but still without a Chief Counsel or the immediate prospect for one, writes KPMG US Washington National Tax Principal John Gimigliano.
An increasing number of interpretative challenges have been identified for the application of the Pillar Two joint venture rules, as highlighted by Conrad Turley and Marco Dietrich.
Although the agreements primarily impact bilateral trade between these countries and the US, various provisions and statements focus on other tax issues.
This KPMG International webinar, held on Thursday 6 November, looks at how to align your organisation’s strategy with available programs, and steps to increase eligibility and secure funding.
In-scope multinational groups need to establish a clear process to track and ensure the timely filing of all returns and notices, as detailed by Alia Lum and Amanda Maguire.
The release of the draft guidance is an important and highly anticipated step in the implementation road map for Australian Public CbC Reporting, as detailed by Sean Madden, Jane Rolfe and Phil Beswick.
The MAP and APA statistics provide a lot of data that can help businesses access the effectiveness of countries' Mutual Agreement Procedure and Advance Pricing Agreement programs overall, but also in respect of specific bilateral relationships.
The revised framework is a move in the right direction, with additional guidance and commentary addressing mutual expectations, collateral issues, and streamlining the early engagement stage of an APA, as outlined by Sean Madden and Akash Mundhra.
For some Australian-headquartered multinationals with 30 June year-ends, this may mean their first EU public CbCR reports are due in the coming months, as outlined by Sean Madden, Jennifer Goldkopf and Amanda Maguire.
The latest instalment in our ‘The Pricing Conversation’ video series features Jeremy Capes and Shalini De Silva discussing KPMG’s recent Transfer Pricing Controversy in-person events.
This webinar, held on Thursday 23 October, looks at some of the latest EU proposals that are likely to affect asset managers, banks and insurers.
How IRS compliance and other operations might be affected should become clearer if the shutdown continues, as detailed by KPMG US Washington National Tax Principal John Gimigliano.
Instead of introducing new taxes, the Malaysian Government focussed on improving governance and broadening the tax base progressively.
As countries navigate the dual pressures of rising public debt and demands for investment, the role of independent fiscal institutions has come into sharper focus.
This webinar, held on Wednesday 1 October, delves into the implications of the G7 statement from a 2024/2025 Pillar Two compliance perspective.
The framework aims to connect with global financial markets and promote the effective and sustainable development of Vietnam’s financial sector.
This KPMG International webinar, held on Thursday 26 September, shares pragmatic approaches for using and embedding AI into transfer pricing processes.
KPMG Singapore Director Tam Do discusses what countries have been doing so far to adapt their incentive regimes under Pillar Two.
KPMG International convened a roundtable discussion recently, as part of its Global Responsible Tax Program, to explore the evolving role of tariffs in modern policymaking.
This article explores International Financial Reporting Standards accounting for the key provisions affecting businesses under the Trump Administration’s ‘One Big Beautiful Bill’.
While the tariffs under the Trump administration pose challenges, businesses can employ various strategies to mitigate their impact.
It seems no week can pass without further changes in direction on tariff policy, with tentative agreements with the EU and a few countries now put in question, as outlined by KPMG US Washington National Tax Principal John Gimigliano.
This webinar, held on Wednesday 13 August, provides practical insights and tools to help your tax function thrive amid uncertainty.
The rules can have a significant impact on the cash taxes of MNE groups, especially those enjoying generous corporate income tax incentives in Vietnam.
Amid all the noise, one strong current ran through the discussion: a return to foundational tax principles, predictability, fairness, simplicity and adequate capacity.
The draft legislative instrument sets out the circumstances where entities that are subject to Pillar Two are exempt from filing related returns, as highlighted by Alia Lum and Amanda Maguire.
The legislation proposes to implement new OECD Administrative Guidance and simplify individual anti-profit shifting regulations.
KPMG's ASPAC Tax Policy Lead Conrad Turley discusses how a 'group' may be defined under the proposal by the G7 for a 'side by side' approach to the Pillar 2 framework.
Understanding how CBP treats these payments is essential for minimising risk, maintaining compliance, and avoiding costly surprises.
KPMG's ASPAC Tax Policy Lead Conrad Turley says the proposal by the G7 represents a major change to the Pillar 2 framework and original agreement.
KPMG's ASPAC Tax Policy Lead Conrad Turley says it remains unclear as to whether digital taxes or Pillar 2 taxes will be negotiated in future trade agreements.
Conrad Turley and Grant Wardell-Johnson discuss the Pillar Two approach for multinational entities in the Asia Pacific region in relation to jurisdictional rules and tax incentives, and how the G7's proposed 'side by side' approach could be implemented.
This article explores how business leaders can turn Pillar Two compliance into a competitive advantage by innovating their tax governance frameworks and utilising expanded data sets for strategic planning and restructuring efforts.
This webinar, held on Thursday 31 July, discusses US tax reform, OECD updates and public country-by-country reporting.
KPMG International Global Head of Tax Policy Grant Wardell-Johnson discusses G7 statement on Pillar Two and the four principles it contained.
This KPMG International webinar, held on Thursday 3 July, covers some of the latest proposals that are likely to affect asset managers, banks and insurers.
This KPMG International webinar, held on Tuesday 15 July, will explore the outcome of the ‘One Big Beautiful Bill’ and its potential impact on those private clients outside of the United States.
As highlighted by Alia Lum, Amanda Maguire and Debbieann Silcocks, the guidance outlines the Pillar Two lodgement requirements and seeks to implement the OECD’s transitional penalty relief. Also released is an update to guidance on private binding rulings as they relate to Pillar Two matters.
Suspending the United States’ share of funding for the OECD could play into the BEPS 2.0 negotiations, as highlighted by John Gimigliano from KPMG’s Washington National Tax team.
In Australia, Pillar Two has been substantively enacted and applies to half years and years ended 30 June 2025.
Entities now have guidance on the ATO approach to considering full or partial exemptions to the Australian Public Country-by-Country Reporting regime, as detailed by Sean Madden and Valerie Koo.
Important tax changes were made to the House bill, with the removal of the proposed retaliatory tax in section 899, in view of tentative agreement among other members of the G7 to unspecified trade concessions.
The recommendations expand options for Member States to grant support for certain investments and objectives that would be considered in line with EU State aid rules and the EU’s climate goals.
The “side-by-side” approach would provide for the coexistence of the US system and the Pillar 2 system and would not seek to undermine Pillar 2.
This KPMG International webinar, held on 19 June, includes an update on recent tariff changes and reviews upcoming trade measures.
Some of the changes the Finance Committee proposes to make to the House bill may be controversial, even in the Senate, writes KPMG US’ John Gimigliano.
While not mandatory, registering early ensures organisations are well-positioned to meet its obligations and engage with the ATO, as detailed by Sean Madden and Phil Beswick.
This KPMG International webinar, held on 11 June, delves into the evolving landscape of a sustainable supply chain.
The ATO has released key messages from the March and April 2025 working group meetings, as summarised by Alia Lum and Amanda Maguire.
An overarching issue is the effect of the bill and proposed changes on future deficits and the national debt, which many believe is on an unsustainable trajectory, writes KPMG US’ John Gimigliano.
Taxpayers should consider the broader commentary within the draft PCG as to what the ATO considers are the key ‘hallmarks’ of a commercially-minded borrowing decision, and compare their own related party debt, as detailed by Sean Madden and Sam van Berkel.
The immediate objective of the US Senate is to produce a bill that can be approved by that chamber, writes John Gimigliano.
Legislation before the US House includes measures to be imposed on certain foreign corporations and individuals if their home jurisdiction has adopted taxes deemed to be discriminatory or extraterritorial, including the undertaxed profits rule of Pillar Two, digital services taxes and diverted profits taxes.
This KPMG International webinar, held on Thursday 8 May 2025, includes discussion on the potential impact on EU tax policy from the current geopolitical climate.
The changes are designed to simplify the UK’s international tax rules, bring them up to date and align them more closely with the UK’s obligations under double taxation treaties, as outlined by KPMG UK’s Phil Roper.
Daniel Rae and Onur Tekin discuss what businesses can do in this unpredictable environment, and key issues to keep in mind if transfer pricing policies need to be changed.
This KPMG International webinar, held on Wednesday 23 April, explores the current challenges and strategies with respect to the wave of recently announced tariffs.
KPMG International Global Head of Tax Policy Grant Wardell-Johnson discusses the Inclusive Framework meeting in Cape Town in April 2025.
With the introduction of a sweeping portfolio of new global tariffs from the United States, this webinar dives into the potential economic and geopolitical impacts of this new world order.
This article, the third in our global series, explores how Pillar Two interacts with M&A activities — focusing on acquisitions, dispositions, joint ventures and carve-outs.
As highlighted by KPMG NZ’s Darshana Elwela, the guidance outlines what the tax administrator expects to see when reviewing whether taxpayers have appropriate tax governance arrangements in place.
The challenges of the global trade environment are unlikely to resolve in the short term and will require attention and agility through this period of uncertainty, as discussed by David Sofrà, Daniel Rae and Tim Keeling.
As part of the ongoing series of Demystifying Chinese Investment in Australia by KPMG and The University of Sydney, the April 2025 report analyses Chinese Overseas Direct Investment (ODI) into Australia in calendar year 2024.
This KPMG International webinar, held on Thursday 27 March, looks at the potential impact of tariffs on private companies.
With an emphasis on cost of living and other pre-election priorities, unsurprisingly, multinational tax measures are not the focus of this Budget.
In this series of four articles, the Australia Geopolitics Hub will analyse how President-elect Trump’s policy pronouncements could reshape the geopolitical map, and ask, what does that mean for Australia and Australian businesses?
The challenges of the FIF rules are not limited to new and returning Kiwis and we would welcome the further extension of the revenue account method, as outlined by KPMG NZ’s Rebecca Armour.
This KPMG International webinar, held on 13 March, explored using data and generative AI technology to support the tax function.
Transfer Pricing National Leader Tim Keeling and Tax Governance Partner Phil Beswick discuss the Australian public country-by-country (CbC) reporting rules which are based broadly on the Global Reporting Initiatives' (GRI) Sustainability Reporting Standards.
The Hong Kong Government has adopted proposals to enhance certain tax policies and rules, including the tax incentives for funds and family offices.
This KPMG International webinar, held on 26 February, focusses on the European Commission’s 2025 new work program.
Australians in New York - KPMG’s Justin Davis and Vanessa Kasbekar – set out some observations on what may lie ahead in the world of tax for Australians who have stakes in the United States.
The focus of the European Commission seems to be on simplifying existing EU tax legislation and on reducing the administrative burden, as outlined by Raluca Enache and Marco Dietrich from KPMG’s EU Tax Centre.
This webinar, held on 12 February 2025, provides information for companies navigating the complexities of tariffs, transfer pricing, and supply chain planning across North America.
This webinar, held on Wednesday 5 February, focuses on tariffs and Amount B in the United States.
The UK’s HMRC has issued supplementary draft technical guidance on the legislation implementing the Multinational Top-up Tax and Domestic Top-up Tax.
KPMG International Global Head of Tax Policy Grant Wardell-Johnson discusses the United Nations (UN) Convention on International Tax Cooperation.
The measures contained in India’s 2025-2026 budget are related to direct and indirect tax, transfer pricing and customs duties.
This article explores how MNEs can seize global opportunities by implementing strategic tax responses and business restructurings that are fit for the evolving landscape shaped by Pillar Two.
With the registration of the Pillar Two subordinate legislation on 23 December 2024, the full package of legislation implementing the Pillar Two Global Anti-Base Erosion (GloBE) rules in Australia now has legal effect. This may trigger new current tax disclosures for financial statements.
This webinar, held on Thursday 19 December 2024, delves beneath the headlines and explores the implications of these developments and address the concerns businesses may have in the new trade environment we are entering.
In the second part of our future of tax policy series, Alia Lum discusses with David Bradbury the United Nations' efforts to scale up international tax cooperation and the challenges of tax reform here in Australia.
Additional administrative guidance under the Pillar Two rules has been released in January, including several developments aimed at streamlining the administration of the global minimum tax.
The legislation to implement mandatory public disclosures of country-by-country tax information for multinational groups has been enacted, as outlined by Phil Beswick, Alia Lum, Tim Keeling, Sean Madden and Amanda Maguire.
This episode explores how companies are meeting their tax obligations when it comes to intangible assets, such as software royalties, what cross-border issues are arising and the current level of activity and guidance coming from tax administrators.
The changes, to be implemented after 1 January 2025, may mean affected entities are required to lodge additional country-by-country reporting statements, as outlined by Jane Rolfe and Aaron Yeo.
This webinar, held on Wednesday 4 December, features KPMG Pillar Two subject matter experts from across our Asia Pacific tax practices, who will set out the latest developments with their local rule implementation.
With two significant cross-border financing cases handed down in favour of the Commissioner, Tim Keeling and Keith Swan discuss how the ATO have reacted to these cases and why the importance of evidence cannot be understated.
KPMG Australia Tax Policy Lead Alia Lum speaks with the former Deputy Director for the OECD Centre for Tax Policy and Administration - turned KPMG Consulting Partner - David Bradbury, as they discuss the OECD/G20 Inclusive Framework's efforts in developing a global tax agreement among member countries and what the future may hold for BEPS 2.0.
Alia Lum and Amanda Maguire outline recent tax legislative developments and look ahead to 2025.
The legislation to implement mandatory public disclosures of country-by-country tax information for multinational groups has been passed by the Australian Parliament.
This webinar, held on Wednesday 20 November, includes an in-depth discussion on recent tax developments in the United States (US) and on BEPS 2.0.
The UK Government has introduced legislation which includes the Undertaxed Profits Rule (UTPR) and anti-arbitrage rules for transitional country-by-country reporting safe harbours.
This webinar, to be held on Wednesday 4 December, will feature KPMG Pillar Two subject matter experts from across our Asia Pacific tax practices, who will set out the latest developments with their local rule implementation.
The KPMG report explains the key concepts and helps companies understand how they might apply the standards.
This webinar, to be held on Wednesday 20 November, will include an in-depth discussion on recent tax developments in the United States (US) and on BEPS 2.0.
This series, beginning with an in-person event with former Federal Court Judge, the Honourable Tony Pagone AM KC and ATO Deputy Commissioner Fiona Knight, will be a unique opportunity for multinationals in Australia to stay updated on the latest developments.
This report highlights key points contained in the Government of the Hong Kong Special Administrative Region’s responses as set out in the legislative council briefing paper.
This report covers the main tax announcements in the UK Autumn Budget that impact businesses, employers and individuals.
This article provides actionable insights for multinational groups, highlighting key steps for the preparation of tax and reporting obligations in New Zealand.
KPMG US’ John Gimigliano and Dan Winnick revisit the Biden Administration’s Green Book revenue raising proposals and then discuss Kamala Harris’ proposals for new tax cuts.
KPMG International Global Head of Tax Policy Grant Wardell-Johnson discusses artificial intelligence (AI) and its use in taxation matters.
KPMG United States’ John Gimigliano, Jennifer Gray, and Tom Stout dig into former President Trump’s stated tax ideas to understand better what the Trump campaign is proposing and what a second Trump term might bring.
Treasury has proposed clarifications for Australian public companies preparing CEDS from financial year ending 30 June 2025 and onwards, as outlined by Julie Locke, Zuzana Paulech and Denis Larkin.
This webinar, held on Tuesday 1 October, provides an update on all the elements of the BEPS 2.0 project, including Amounts A and B, GloBE and the Paris meeting on the Subject to Tax Rule.
Trade strategies of Vice President Kamala Harris and former President Donald Trump present starkly different visions.
This is the third version of draft HMRC guidance regarding the UK multinational top-up tax (MTT) and domestic top-up tax (DTT), writes KPMG UK Head of International Tax Kashif Javed.
While the Australian Government says it has signed a Statement of Support for the STTR, it is not yet clear whether (and if) Australia intends to give effect to the STTR, as outlined by Alia Lum and Amanda Maguire.
This webinar, to be held on Tuesday 1 October, will provide an update on all the elements of the BEPS 2.0 project, including Amounts A and B, GloBE and the Paris meeting on the Subject to Tax Rule.
The increased reporting is consistent with the ATO’s ever increasing focus and scrutiny of inter-company intangibles and financing related arrangements, as analysed by Jane Rolfe, Aaron Yeo and Zafirah Ismail.
KPMG International Global Head of Tax Policy Grant Wardell-Johnson examines the three main discourses occurring globally, in relation to taxation and government expenditure.
In this video, KPMG UK’s Sarah Beeraje explores the three steps tax leaders should consider now when preparing for the UK CBAM.
Peter Oliver is joined by Jennifer Ta, Fabian Fedele and Josefina Martinez, as they discuss the ATO’s current guidance and expectations on compliance in relation to the hybrid mismatch rules, and how multinational companies can take steps in preparation and response.
KPMG Australia's Lead Partner for International Tax Peter Oliver provides an overview of what you can expect from the latest KPMG Tax Now podcast episode on Australia’s hybrid mismatch rules.
With performance targets for revenue from all compliance activities set at $16 billion, the ATO has made it abundantly clear for taxpayers to prepare for ongoing compliance activity, paying particular attention to ‘tax risks’ flagged to market, as highlighted by Kristie Schubert and Jake Roche.
Businesses should monitor the UN process and engage to ensure policymakers in all countries understand the potential consequences of the different policy choices that are on the table, writes KPMG US’ International Tax Policy Lead Michael Plowgian.
KPMG International Global Head of Tax Policy Grant Wardell-Johnson discusses the release of five documents from the Organisation for Economist Cooperation and Development (OECD).
Several new tax incentives and preferences were announced by United States Vice President and Democratic presidential nominee Kamala Harris.
With the commencement of the Pillar 2 rules, correct CbC reporting takes on a new importance because this data will be used to determine whether an MNE qualifies for relief from additional tax or reporting in a specific jurisdiction, as detailed by KPMG US’ Christine Deveney and John DerOhanesian.
