Executive Summary The Organisation for Economic Co-operation and Development (OECD) has proposed an international tax agreement consisting of two pillars, aimed at taxing digital companies and preventing double taxation. The United Nations (UN) has proposed a potentially legally binding international tax code that rivals the OECD tax code. The implementation of one or both tax … Continue reading
Tag Archives: Taxation
Economy / Regulation / Tax / Taxes
U.S. Businesses Dodging Taxes? IRS Pulls Reins Tighter
The Internal Revenue Service (IRS) and the U.S. Department of Treasury issued a Notice (Notice 2014-52) last Monday that would further their efforts to prevent U.S. companies from using an increasingly prevalent tactic known as inversion to lower their tax bill. Conventionally, an inversion is a negotiation in which a U.S. multinational company restructures with a foreign … Continue reading
