Avocado Roundup: Brazil Brings Fight Over EU Border Carbon Tax to COP28 Climate Talks in Dubai
Avocado Roundup is a quick review of top tax, legal, and climate news stories. It’s written by humans. Brazil brought a trade dispute with the European Union over the EU’s so-called carbon border adjustment mechanism to COP28 climate negotiations in Dubai, and it’s getting support from China. The EU says the tax
Avocado Roundup: Vietnam Eyes Incentives to Attract Investors Despite Global Minimum Tax
Avocado Roundup is a quick review of top tax, legal, and climate news stories. It’s written by humans. Vietnam reportedly plans to set up a fund to be used to persuade big multinational companies to stay in the country when it begins applying global minimum tax rules next year. Vietnam’s
Avocado Weekly: Ex-French Budget Minister Jailed for Tax Evasion Eyes Return to Politics
New OECD Global Forum report says tax authorities automatically exchanged information on 123 million financial accounts worth almost 12 trillion euros last year.
Avocado Roundup: Vietnam Parliament Set to Approve Global Minimum Tax This Week
Avocado Roundup is a quick review of top tax, legal, and climate news stories. It’s written by humans. Vietnam’s parliament is expected to approve on Wednesday a minimum top-up tax under OECD’s Pillar Two plan to ensure multinationals pay at least 15% tax on their global income. The rate would take effect
Avocado Roundup: Global Minimum Tax Shows Need for Investment Pact Reform, UN Says
Avocado Roundup is a quick review of top tax, legal, and climate news stories. It’s written by humans. The coming into force early next year of the 15% global minimum tax, Pillar 2 of the OECD-brokered global tax reform, puts new light on an “urgent” need to also reform investment
Avocado Weekly: France, Kenya to Pitch Global Tax Task Force at COP28 Climate Summit
Oxfam says 60% tax on “super rich” could raise $6.4 trillion to fight climate change France and Kenya plan to launch a task force, at the upcoming UN climate summit in Dubai, to push for new global tax initiatives to help fund the fight against climate change and climate change mitigation. The
Avocado Roundup: Korean Tax Breaks Draw $31 Billion in Big Groups’ Repatriated Dividends
Avocado Roundup is a quick review of top tax, legal, and climate news stories. It’s written by humans. Ten of South Korea’s biggest companies, including affiliates of Samsung, LG, and Hyundai Motor Group, among others, had repatriated a total $30.8 billion (39.9 trillion won) in dividends through September this year, drawn
Avocado Weekly: Parisians to Vote on Mayor’s Plan to Hit SUVs With Big Tax
French top court throws out 1.8 billion euro tax fraud penalty against UBS, but lets fraud finding stand. Parisians will vote Feb. 4, 2024, on Mayor Anne Hidalgo‘s plan to hit owners of sports utility vehicles and other heavy vehicles taking up too much of the city’s road and parking space,
Avocado Roundup: India Probes Transfer Pricing at Amazon, Apple, Google, Report Says
Avocado Roundup is a quick review of top tax, legal, and climate news stories. It’s written by humans. India’s tax authority has since 2021 been investigating transfer pricing practices of Apple India Pvt Ltd, Amazon Seller Services India Pvt Ltd, and Google India Digital Services Pvt Ltd., on suspicions the
Avocado Roundup: Germany Writes EU Global Minimum Tax Directive Into National Law
Avocado Roundup is a quick review of top tax, legal, and climate news stories. It’s written by humans. Germany’s Parliament Friday approved legislation transposing into German law the December 2022 EU directive that requires the 27 EU member states to implement Pillar 2 rules into their national laws by Dec. 31, 2023. Pillar
Avocado Weekly: Indian Court Orders $132 Million Refund to Vodafone for “Time-Barred” Assessment
Tax authorities took two years to file assessment order India’s High Court of Bombay ordered income tax officials to refund about $132 million (11 billion rupees) to mobile network operator Vodafone Idea Ltd. (Vi Ltd) in funds that had been withheld in a transfer pricing dispute relating to assessment year 2016-2017,
Avocado Roundup: Sour Real Estate Market Hits Paris Tax Revenues for 200 Million Euros
Avocado Roundup is a quick review of top tax, legal, and climate news stories. It’s written by humans. France’s dismal real estate market has cost the city of Paris close to 200 million euros ($214.2 million) so far in 2023 in lost revenues from property transfer taxes, and the drop
Avocado Roundup: Grant Thornton Said to Cut 200 Adviser Jobs in US
Avocado Roundup is a quick review of top tax, legal, and climate news stories. It’s written by humans. Professional services giant Grant Thornton LLP is laying off about 200 workers in the US, mainly adviser jobs, after cutting about 300 jobs earlier this year, according to a report. The report
Avocado Roundup: Deloitte Germany Says Pillar Two Advising Powered 14.1% Growth in Tax & Legal Arm
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
Avocado Roundup: Irish Finance Chief Tries to Ease Concerns Over Yellen Comments on Pillar 1 Treaty
Avocado Roundup is a quick morning review of top tax, legal, and climate news stories. It’s written by humans. Irish Finance Minister Michael McGrath tried to reassure members of his own party that the country’s businesses won’t be hurt by the US delay in signing a core piece of the
Avocado Weekly: After OECD Input, Qatar To Revise First Draft of Top-Up Tax Rules
Tax authority plans to continue work, increase consultations on rule design options Qatar’s General Tax Authority is going back to the drawing board after consulting the OECD on the first draft of its rules for implementing a qualifying domestic minimum top-up tax under OECD’s Pillar Two plan, a GTA official said.
