A proactive approach to managing VAT can bring rewards for life science companies.
The OECD’s first Global Forum on VAT took place in November 2012. Here is a summary of what they discussed.
Multinationals failing to adopt transformative payroll techniques to compete and expand in the global marketplace
The majority of multinationals (85%) want improvement in their current payroll practices, yet they are skeptical about whether payroll providers can deliver a comprehensive global solution, according to a new Ernst & Young survey.
The UK government is introducing a new regime to govern machine games duty.
In the US, state business tax receipts have increased, while local ones have edged down, according to an Ernst & Young report.
A major rebound in confidence in the global economy among large corporates is not yet translating into expected capital investment and M&A activity, according to Ernst & Young’s survey
India plans a new goods and sales tax regime to boost its economy, while Japan is looking to raise more revenue from VAT
In an ideal world, tax authorities would seek to narrow the gap by targeting both evasion and avoidance. But isn’t the tax gap a guesstimate?
The world´s rapid-growth markets are increasing their role in driving global growth over the coming decade
The latest edition of our forecast offers insights.
This focus is leading to greater scrutiny of taxpayers’ affairs through more frequent and more effective tax audits and greater consequences for errors.
Proof requirements for intra-Community trade are stiffening up in Slovakia
Almost 80% of respondents are not confident that their VAT processes are generating the correct results. Our survey offer insights into China´s VAT regime.
On 1 January 2012, provisions for the documentation required for intra-Community supplies were severely tightened.
Many countries are currently in the process of refining their indirect tax systems.
Cyprus has been challenging but the Eurozone financial services industry still on track to start to turn the corner
While localized problems can’t be ruled out, the collective pain for the financial services sector in the Eurozone is almost over.
As the European Court addresses tariff classification for components, what are the implications for the technology sector?
In today’s economic climate whistleblowers are seen as an effective tool to help uncover tax evasion and fill the tax gap.
A number of new free trade agreements (FTAs) are expected to enter into force in 2013.