‘Setting a precedent’: KPMG’s Perera on his award-winning practice
The KPMG partner tells ITR about Sri Lanka’s complex and evolving tax landscape, setting legal precedents through client work, and his vision for the future of tax
This week in tax: Grant Thornton reports 8.9% global tax revenue growth
Overall turnover at the firm also reached a record £8 billion; in other news, Ashurst and Dentons announced senior tax partner hires
Poland: Key tax novelties and challenges for businesses in 2025
Monika Marta Dziedzic and Paweł Wyciślik of MDDP discuss several tax reforms set for 2025 in Poland, including implementation of the GloBE rules, real estate tax changes, and mandatory corporate income tax reporting
OECD Africa report underscores CIT impact on tax revenues
A boom in corporate tax revenue from extractive sector profits propelled Chad and the Democratic Republic of Congo to financial growth
Council of the EU adopts withholding tax efficiency rules
The FASTER directive is aimed at making withholding tax procedures in the EU safer and more efficient for cross-border investors, national tax authorities and financial intermediaries
Kuwait proposes 15% corporate tax rate in radical overhaul
Under the draft rules, Kuwaiti-owned businesses would reportedly no longer be exempt from corporate income tax
HMRC tax debts collected overseas up 11% in past year
While the pace of debt collection from UK taxpayers who have moved overseas is accelerating, some of HMRC’s information is inaccurate, UHY Hacker Young warned
This week in tax: Donald Trump names new IRS commissioner
The appointment of former Missouri representative Billy Long means Danny Werfel’s term will be cut short; in other news, former UK chancellor Philip Hammond has joined a tax consultancy’s board
Australian senator warns US regulator about PwC’s scandal inquiry conduct
PwC’s ability to ‘quarantine critical information’ should raise concerns for regulators worldwide, Deborah O’Neill said in her warning letter to the PCAOB
Irish election: Trump and housing key issues, tax experts suggest
After no party won a majority, it’s important that government formation talks are concluded quickly, one Irish tax partner said