Comments on the EU’s Inception Impact Assessment on a potential Digital Levy
Authors: Robert van der Jagt, Chairman, KPMG’s EU Tax Centre, and Chris Morgan Head of Global Tax Policy, KPMG International
Authors: Robert van der Jagt, Chairman, KPMG’s EU Tax Centre, and Chris Morgan Head of Global Tax Policy, KPMG International
Institutional investors agreed that generally, certainty over the tax cost or duration of any incentives was more important in the investment decision than the actual tax cost. Nevertheless, reducing the tax cost on inward investment and providing transferable research and development credits would encourage investment into green projects – as would reducing current subsidies for fossil fuels. Overall tax risk...
No pressure to reduce corporation tax rates generally; any cost based incentives should be targeted, temporary and timely; multilateral approaches and cooperation are needed to avoid adverse spill overs, tax competition and a growth in compliance and double taxation. There is support of the work of the OECD on Pillars 1 and 2 as well as for a European common...
Grace Perez-Navarro, deputy director of the OECD's Centre for Tax Policy and Administration, and Jane McCormick, Global Head of Tax & Legal Services, KPMG International, discuss what it means to be ‘morally’ tax compliant.
The 2008 financial crisis and the issue of fairness
KPMG International (KPMGI) is pleased to respond to the OECD Consultation on “What is Driving Tax Morale”. We consider this a very important issue and commend the OECD for focusing on it.
A roundtable on the future of corporation tax and the OECD’s consultation on the impact of digitalization was held in Nairobi on 15 March 2019. The clients attending were from a range of industries including banking, private equity, oil and gas, and logistics.A theme which emerged was that renegotiating the global accord on international tax is not the highest priority...
Professionals in the member firms of KPMG International1 (“KPMG”) welcome the opportunity to comment on the OECD’s public consultation document entitled “Addressing the Tax Challenges of the Digitalisation of the Economy,” released on 13 February 2019 (the “Consultation Document”). The Consultation Document describes proposals that are being worked on through the Task Force on the Digital Economy (the “Task Force”)...
A fairer future for global taxation
Fiscal systems have a powerful impact on societies. To help solve global challenges we need a fundamental rethink on how taxes are raised. High taxes on labor are preventing healthy, sustainable economies and labor markets. Placing taxes on pollution and consumption of natural resources creates systems that are pro-growth, pro-jobs and pro-equality – aligning them with the UN Global Goals.
The BEPS project has done a great deal to shine a light on the risks associated with tax loopholes. The results are nothing short of transformational, according to Jane McCormick, Global Head of Tax, KPMG