Avocado Roundup is a quick review of top tax, legal, and climate news stories. It’s written by humans.
- Deloitte’s German branch said advising clients on OECD Pillar Two global minimum tax rules and on transactions powered 14.1% revenue growth for its tax and legal arm for 2022-2023, to about 343 million euros ($368.3 million). The branch’s overall revenues climbed to 2.33 billion euros, its first time past the $2 billion threshold, according to a German-language report. (Juve.de) (Deloitte.com)
- A senior Vietnam tax official said the Southeast Asian country should implement Pillar Two rules starting in early in 2024, to make sure it doesn’t miss out on collecting a minimum top-up tax from big multinational companies under the rules. Deputy Director of the General Department of Taxation Đặng Ngọc Minh said Japan, Korea, and Singapore, which are major foreign investors in Vietnam, have indicated they will begin applying the global minimum tax as of Jan. 1, so Vietnam should, too. (Viet Nam News)
- The Palestinian Authority will refuse to accept an incomplete transfer of tax revenues from Israel that holds back sums intended to pay for administration expenses in Gaza, the authority’s leader said. (Reuters)
- An American businessman who was part owner of a joint venture that provided internet service to US troops on an Afghan air base pleaded guilty to US charges of tax evasion and faces up to five years in prison. (Justice.gov)