Category: Corporate Tax

Business / Canada / Compliant / Controlled Foreign Companies / Corporate Tax / Insurance / Related party Transactions / Tax Authority / Transfer pricing

Canada: The Importance Of Tax Due Diligence When Buying A Business

Published by: Mondaq - July 8, 2022

Buying a business is rarely a straightforward decision. In order to get the most out of a potential deal, buyers need to be aware of key risks and pitfalls so they can incorporate mitigation strategies into their deal negotiations. The challenge for buyers is ensuring that no significant risks are missed when making their assessment. This can be difficult, particularly when buyers focus primarily on quality of earnings analyses or other non-financial and tax diligence reviews. ... - Continue reading

Business / Corporate Tax / Digital Services / Framework / G20 / Jurisdiction / OECD / Offshore / Offshore Tax Evasion / Revenue / Tax Authority / Tax competition / Tax Evasion / Tax treaties

What is the global minimum corporate tax?

Published by: Business Standard - June 13, 2022

The global minimum corporate tax on MNCs was aimed at discouraging them from shifting profits to low-tax countries. But it will reduce the incentives to attract investment in developing countries ... - Continue reading

Business / Corporate Tax / Digital Services / Income Tax / Residency / Tax Avoidance / Tax competition / Tax Evasion

Analysis: Budget plugs a tax evasion loophole

Posted On: June 12, 2022

With a stroke of pen, the federal budget for the 2022-23 fiscal also closed a much-exploited loophole through which many individuals simply avoided paying taxes in any jurisdiction, and hence lived a tax-free existence. To be considered liable to pay tax in Pakistan, one has to spend at least 120… – Continue reading

Business / Corporate Tax / Intragroup Services / Legislation / OECD / Tax Deductibility / Tax Planning / Transfer pricing

Spain’s National Court challenges the deductibility of intragroup services in the absence of a written contract

Published by: MNE Tax - March 9, 2022

In recent years, the Spanish tax administration and Spanish courts have had a clear tendency to challenge the provision of intragroup services, denying its corporate income tax deductibility and increasing the tax burden for taxpayers carrying out these transactions in Spain. ... - Continue reading

Advance Pricing Agreement / Capital gains / Corporate Tax / Permanent establishment / Poland / Profit Shifting / Royalties / Tax Deductibility / Tax Deductions

Polish Deal introduces new minimum tax for corporations

Published by: MNE Tax - September 10, 2021

On 8 September, Poland’s government accepted a new tax bill called the “Polish Deal,” announcing after the public consultation on the bill a significant amendment to include a special anti-avoidance measure referred to as a minimum income tax for corporations. ... - Continue reading

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