Brazil’s updated transfer pricing (TP) profile now fully embraces the arm’s-length principle, experts reveal. This groundbreaking revision marks a bold leap forward, dramatically enhancing alignment with global tax standards like never before
Browsing: tax reform
Brazil is gearing up to revolutionize out-of-court tax settlements in 2026, speeding up dispute resolutions and tackling the growing court backlogs head-on. This ambitious move is set to transform tax collection and ignite a new wave of investor confidence across the nation
India surged ahead with an impressive 7.4% GDP growth, yet tax revenues are lagging behind expectations. Experts warn that this shortfall could limit public spending and put fiscal stability at risk amid mounting economic pressures. Bloomberg.com reports
Spain has done away with the requirement for unemployed individuals to file income tax returns, dramatically cutting down on paperwork and making tax procedures far easier for jobseekers-all thanks to recent government reforms
Argentina’s recent export tax cut is poised to ignite a surge in agricultural exports and significantly boost farmers’ incomes. Experts predict this bold move will spark dynamic ripple effects throughout global commodity markets and transform regional trade landscapes
Italy unveils an innovative parcel levy and intensifies finance taxes to power its economic recovery amid soaring inflation. These bold strategies aim to fortify the nation’s finances and ignite robust growth. Meanwhile, exciting developments are emerging from Azerbaijan’s dynamic financial sector
The UK Budget 2025 reveals bold new tax measures aimed at sparking economic growth, with key updates to corporation tax, personal allowances, and digital services taxation-all thoughtfully designed to boost investment while ensuring fiscal responsibility
Canada’s proposed transfer pricing reforms are poised to transform the landscape by tightening regulations and enhancing transparency. Multinational companies may face higher compliance costs, greater administrative hurdles, and more stringent documentation requirements
The UK government has launched bold reforms to the Motability scheme, aiming to tighten eligibility and reduce what it calls “generous” taxpayer subsidies. These changes seek to enhance financial sustainability, sparking a wide range of reactions across the community
France’s Budget Minister Olivier Lecornu confidently assures that the national budget remains robust and resilient, even as proposed tax reforms encounter obstacles. Amid political challenges, he emphasizes unwavering fiscal stability, Bloomberg reports
New rock-star economist Gabriel Zucman is electrifying France with his daring call for a wealth tax, sparking fiery debates as inequality reaches new heights. His bold ideas challenge the status quo and push for sweeping fiscal reforms that could reshape the nation’s future
UK Finance Minister unveils bold plans for tax reform designed to ignite growth in small businesses, Reuters reports. These proposed changes aim to lighten financial pressures and fuel a new wave of economic expansion throughout the sector
India slashes GST on renewable energy components to just 5%, igniting a powerful surge in clean energy adoption and slashing costs. This bold move supercharges the nation’s green transition, propelling rapid growth across the renewable sector. (Yahoo Finance)
Italy is considering a bold new tax on banks to strengthen its budget, Bloomberg reports. This strategic move aims to boost government revenues amid economic challenges and rising fiscal pressures
Spain has introduced wealth taxes targeting the ultra-rich – and, surprisingly, it hasn’t sparked a mass billionaire exodus. Thanks to thoughtful policy design and well-balanced rates, the country has not only retained its wealthy residents but also seen a significant boost in public revenue
Prime Minister Albanese is striking a calm and confident tone as the upcoming economic summit approaches, focusing on steady progress rather than drastic tax overhauls. His careful strategy underscores the government’s dedication to maintaining economic stability through thoughtful, gradual policy advancements
Trump’s new tax law introduces significant changes set to reshape both personal and business finances. With updated tax brackets and deductions, these key provisions take effect next tax year, revolutionizing how Americans approach their taxes
The tax and spending bill proposed by former President Trump is set to take effect in early 2025, pending Congressional approval. This bold legislation aims to reshape fiscal policy dramatically, just in time for the crucial midterm elections
Japan is sending shockwaves through the crypto world with a bold proposal to redefine cryptocurrencies. This groundbreaking move could unlock the door for crypto ETFs and dramatically cut tax rates for investors, igniting fresh growth and attracting a wave of new participants to the market
Italy is dramatically cutting the VAT on art sales to a mere 5%-the lowest rate in the entire EU-in a bold move to spark new life into the cultural sector. This “momentous” decision is set to ignite growth in the art market and celebrate creativity throughout the nation