Tax Policy Considerations in the Wake of COVID-19
Response from Ewan Livingston, The B Team, February 2021
Response from Ewan Livingston, The B Team, February 2021
Introducing Tax policy considerations in the wake of COVID-19 – a summary of Responsible Tax roundtable discussions on potential tax policy responses to the new reality.
Virtual Responsible Tax roundtable: Reaction and resilience
Virtual Responsible Tax roundtable: The recovery phase
Professionals in the member firms of KPMG International (“KPMG”) welcome the opportunity to comment on the OECD’s public consultation document entitled “Public Consultation Document: Review of the Country-by-Country Reporting (BEPS Action 13)” released on February 6, 2020 (the “Consultation Document”).
In a recent Opinion piece, KPMG Global Head of Tax, Jane McCormick, and Robert Phillips, author of Trust Me, PR is Dead, argued that tax can be seen as part of the remedy, not part of the problem to the issue of trust. “Responsible Tax thinking and principles”, they write, “enable an important re-set of the social compact, that will,...
Where the context is complex, the best option is sometimes the ‘least-worst’ one.The arm’s-length principle can be complex to apply and is under pressure due to changing business models.Formulary apportionment appears to present a simpler approach to allocating taxing rights globally but is not without its own weaknesses and complexities.Formulary apportionment could only work if there was global agreement. However, this...
I am very pleased to see real momentum building on #ResponsibleTax.