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What are general anti-avoidance rules?

ThomsonReuters

International GAAR rules Keeping up with tax avoidance regulation Abusive tax planning is not just a concern among U.S. Around the world, many jurisdictions — such as Australia, the Netherlands, China, Germany and Canada — have adopted GAAR in an effort to eliminate unacceptable tax avoidance practices. Does the U.S.

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What are countries doing to implement OECD’s BEPS Pillar 2.0?

ThomsonReuters

The purpose of the OECD’s Global Minimum Tax (GMT ) is to make it harder for large MNEs (those with more than €750 million in revenues) to avoid taxes by shifting profits to jurisdictions with lower tax rates. Australia: Australia will implement Pillar 2.0’s in December 2022. Vietnam plans to begin applying Pillar 2.0

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ISS Discusses the Largest Class Action Settlements of 2022

Reynolds Holding

Class Action Settlements of All-Time” report published later this month.). A number of high-profile cases dominated the landscape, including Twitter and Teva in the United States, while the Steinhoff International mega-settlement commanded much of the attention overseas. Five other court venues were represented by one settlement each.

Banking 81
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What exactly is indirect tax?

ThomsonReuters

GST is commonly applied in Canada, India, Australia, and New Zealand. They can be applied at multiple levels of jurisdiction – country, state, and city. Over 98 % of the merchandise in international trade is classified in terms of the HS. They are typically a percentage of the selling price of the goods or services.

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From Tradition to Transformation: Appraising Diplomatic Real Estate

IVSC

The portfolio consists of over 25,000 assets (owned and leased) that include all major property types except retail in more than 280 cities. But underneath it all is land, and the challenges associated with land ownership come in all shapes and sizes. Department of State. To a typical U.S.

Appraisal 246
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How a Commitment Rule Would Improve the Choice of Cross-Border Insolvency Forum

Reynolds Holding

Currently, the Model Law on Cross-Border Insolvency, promulgated by the United Nations Commission on International Trade Law (“UNCITRAL”), looks to a debtor’s center of main interest (“COMI”) to determine the proper forum for a foreign main-insolvency proceeding. These costs, in turn, raise the cost of credit for all companies.

Finance 119
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How to keep up with the regional complexities of e-invoicing and CTCs: Part 3

ThomsonReuters

Pagero helps companies manage all aspects of their e-invoicing compliance responsibilities, and Nazar Paradivskyy heads the company’s global regulatory department. We should also not forget non-EU jurisdictions, for instance, in Norway, nearly 90% of all invoices are electronic voluntarily.

B2B 59