In our Spotlight on Financial Services Tax series, Tax Partner - Peter Maybrey and Middle East Information Reporting Leader - Bilal Abba, look at the key issues Middle East based businesses need to be aware of and how they apply to the financial services sector.
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Dac6 Podcasts
We are facing times of unprecedented changes and challenges. Taxation has been closely connected to geopolitical developments in the past century, given the connection between tax revenues and public expenditure. In this podcast series we reflect on the relevance of the geopolitical developments in view of tax policy. We provide an insight into the main tax policy developments that you should be aware of. Our EU tax bites focus on direct tax developments in the EU and beyond.
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Tax Webinar (26/9) Navigating Shifts in Global Tax Policy: Implications for Businesses
20:55
20:55
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20:55In this after‑event podcast we discuss the origin of our international tax webinar series and distill the key takeaways of the last edition (23–25 September 2025). We highlight, and reflect on, recent developments such as the G7 side‑by‑side approach, the EU’s long‑term budget and own resources, EU‑US trade negotiations, the UN meetings on a Framew…
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With this podcast we kick off a series of podcasts on topics related to tax audits. In this first podcast we discuss the recent amendment to the penalty regime applicable to a first offence. Pieter interrogates his guests on the implications of this amendment and what this means for the taxpayer in practice: can we really say that the taxpayer has …
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The mandatory disclosure rules, commonly known as DAC 6, have been in place since 2020. There is a renewed focus on this legislation. The EU is looking into an update of the hallmarks, potentially including the Unshell Directive proposal in the hallmarks, and even countries are seeing the benefits of DAC 6 and consider introducing DAC 6 like rules …
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The global tax landscape just took a major turn. In our next episode, Pieter and his guests dive into the G7 agreement that would exempt U.S.-parented multinational groups from the Pillar 2 Income Inclusion and Undertaxed Profits Rule. In return, the U.S. has agreed to drop the proposed Section 899 from the so-called “One Big Beautiful Bill”. Tune …
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Belgium’s new government agreement: First insights
21:32
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21:32Welcome to our Tax Bites podcast series. In this episode, we bring together several colleagues who have closely monitored the recent Belgian government negotiations. Join us as we delve into the newly agreed measures at the Belgian government level. Have a look at all our previous episodes and stay up to date on www.pwc.be/tax-bites…
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Welcome to our podcast, where we explore the future of VAT. ViDA, or VAT in the Digital Age, is an EU initiative aimed at modernizing the VAT system. It introduces mandatory e-invoicing, extends the One-Stop-Shop (OSS), and sets new rules for platforms in sectors like accommodation and transport.These changes are designed to simplify VAT compliance…
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New January 2025 OECD Guidance on Pillar 2
21:39
21:39
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21:39On 15 January, the OECD published a new package of guidance and information on Pillar 2. Pieter and his guests explore what is in the package, and discuss what the potential impact can be of the new guidance. We discuss the updated guidance on deferred tax assets, the Multilateral Competent Authorities Agreement and the updated Globe Information Re…
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Draft DAC9 Directive seeking to facilitate Pillar 2 compliance in the EU - What’s in it?
15:19
15:19
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15:19On October 28 the European Commission published a new Draft Directive, DAC 9, which seeks to harmonise the filing of the Pillar 2 Information Return within the EU. Tune in if you want to know what’s in the proposed Directive and what the attention points for business are. Have a look at all our previous episodes and stay up to date on www.pwc.be/ta…
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Belgium published its QDMTT tax return and asks feedback to stakeholders. Are you interested to learn how Belgium looks at the QDMTT return? Tune in and get an update! Have a look at all our previous episodes and stay up to date on www.pwc.be/tax-bitesBy PwC Belgium
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The Belgian government negotiations: what’s on the table?
33:08
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33:08The Belgian government negotiations are ongoing as we speak: what is in the ‘Nota De Wever’? Get a comprehensive overview from our experts in the latest edition of the tax bites podcast. Our experts reflect on how this can impact groups with Belgian activities. Have a look at all our previous episodes and stay up to date on www.pwc.be/tax-bites…
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What’s going on at the UN? The draft Terms of Reference for negotiating a Framework Convention on International Tax Cooperation
16:55
16:55
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16:55In this episode, we share our first impressions on the ‘Zero Draft’ Terms of Reference (ToR) for a UN Framework Convention on International Tax Cooperation released by the United Nations (UN) on 7 June 2024. Furthermore, we provide a brief overview of other important international and European tax developments. Tune in to get our first take on the …
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Pillar 2 latest state of play & a closer look into Belgium’s implementation
13:49
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13:49In this episode of Tax Bites Podcast, we delve again into the intricate world of Pillar 2, what countries have done so far and we put a spotlight on Belgium's implementation of the new rules. Join us as we dissect the latest updates and explore the nuances of Belgium's implementation of this global tax initiative. Have a look at all our previous ep…
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New Administrative Guidance on Pillar 2 and new timeline Pillar 1 - Amount A
19:40
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19:40A first critical look at the items addressed by the Administrative Guidance! In this episode, we share our first impressions of the Administrative Guidance on Pillar 2 published by the OECD on Monday 18 December 2023. A wide range of issues related to transitional safe harbours, the GloBE Rules and the Commentary are addressed in the guidance. In a…
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Future-proofing your statutory reporting function (Part 5)
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18:52Future-proofing your statutory reporting function: managing transformations in the STAT & tax function In this fifth and final episode of our mini-series, we want to bring it all together. How do companies deliver in practice on the transformation of their STAT & tax function. How do they start such transformation projects? How do they manage execu…
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Decoding CBAM: Navigating Carbon Pricing in the EU
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22:45In this episode, we unravel the intricacies of the Carbon Border Adjustment Mechanism (CBAM) introduced by the European Commission. From targeted industries to a two-phase implementation, we break down why CBAM matters and its impact on businesses. Explore critical deadlines, challenges, and practical steps for companies in the affected sectors. Tu…
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How to get Pillar 2 ready: a step-by-step approach
17:58
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17:58In this episode the speakers elaborate on PwC’s recently published Pillar Two Guide for EMEA Multinational Enterprises, which sets out the steps you need to take to be Pillar 2 compliant. Have a look at all our previous episodes and stay up to date on www.pwc.be/tax-bitesBy PwC Belgium
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Pillar One, Amount A of the Two-Pillar project: the next steps.
33:18
33:18
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33:18In this episode of the Tax Bites Series, following the publication of the draft Multilateral Convention on Amount A and related documents on 11 October 2023, the speakers give an overview of the current state of play of Amount A. They discuss how Amount A may impact your organization and how to prepare for it and conclude with some key-takeaways. H…
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Future-proofing your statutory reporting function (Part 4)
17:11
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17:11In this episode of our mini-series, the discussion delves into the concept of tax ledgers within ERP systems. Hosted by Pieter, experts Jorgen, Oualid, and Bert explore the reasons for considering tax ledgers, their benefits, and their relevance in the context of changing tax regulations like Pillar 2. The episode highlights the importance of cost-…
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The new BEFIT proposal and International Tax Webinar Trilogue
24:23
24:23
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24:23On 12 September the European Commission published its long anticipated BEFIT proposal together with a proposal for a transfer pricing directive. In this podcast we discuss the content of these proposals and reflect on the impact for business. Have a look at all our previous episodes and stay up to date on www.pwc.be/tax-bites…
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In this episode the speakers will give an update on the current status and content of Amount B, what it means for businesses, next steps to consider along with some crystal ball predictions on the likelihood and breadth of the impact. Have a look at all our previous episodes and stay up to date on www.pwc.be/tax-bites…
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Future-proofing your statutory reporting function (Part 3)
15:31
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15:31Future-proofing your statutory reporting function: how to accommodate compliant local statutory ledgers in your Business ERP? In this third episode of our mini series we look at the ideal end state - dual ledger accounting. How do you ensure you meet the local statutory and tax requirements while reaping the benefits of centralization and standardi…
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Future-proofing your statutory reporting function (Part 2)
19:18
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19:18Future-proofing your statutory reporting function: how to improve your statutory financials production by solving your data challenges In this second episode of our mini series we first dive deeper into the types of STAT data as well as GAAP to STAT differences and how to accommodate for these in the most preferred way. Then we explore the use of a…
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Future-proofing your statutory reporting function (Part 1)
18:37
18:37
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18:37This session is the first in a series where we will explore the topic of future-proofing the statutory reporting function and the close link to tax. We start with setting the scene, why it’s such a hot topic today. We touch upon what that future-proof model could look like as well as the framework to identify your ideal operating model for STAT rep…
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Series 2 - Episode 6: Crypto currency and the growth in use of digital assets
14:31
14:31
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14:31Welcome to Series 2 Episode 6 of Spotlight on Financial Services Tax Series. Bilal Abba (Director - Middle East Tax Information Reporting Leader) will kickstart the conversation with Anna Zeitlan (Director - Head of Fintech and Financial Services) where they discuss all things Crypto, the crash, CARF, regulations, obligations and its future in the …
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The tax dimension of business transformations
23:15
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23:15In this episode we discuss a number of business transformations topics such as digital, supply chain and the war for talent. Tax is strongly intertwined with the work to be done from a business viewpoint in these areas and can have major impact on the ultimate value generated. There’s a huge pocket of value to be generated when business and tax go …
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OECD issues Administrative Guidance on Pillar 2
18:21
18:21
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18:21In this episode, we discuss our first impressions of the 111-page Administrative Guidance on Pillar 2 published by the OECD on Thursday, 2 February 2023. A wide range of issues related to the GloBE Rules and Commentary were addressed in the guidance, and our experts also welcomed the additional clarification and examples, including those on the Qua…
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On the foot of Russia’s invasion of Ukraine, the European energy landscape is facing unprecedented challenges. The response, on the part of the European Union and its member states, is to accelerate the energy transition. Although decarbonisation of our energy systems was always on the agenda in recent years, the current crisis accentuates the need…
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Discussion draft on Pillar One - Amount B published
28:14
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28:14On Thursday, 8 December 2022, the OECD/G20 Inclusive Framework published another discussion draft in the two-pillar solution to address the tax challenges arising from the digitalisation of the economy. The document outlines the main design elements of Amount B, a part of the two-pillar approach that until now was relatively undefined. During this …
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Series 2 - Episode 5: VAT Auditing & Systems
8:24
8:24
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8:24Welcome to series 2 episode 5 of the spotlight on Financial Services Tax series. Today we will be discussing VAT audits in the UAE and the importance of systems before, during and after the audit process. I am joined by my colleagues Kirti Joshi who is a Director leading our FS VAT practice in the UAE and Abhinav Mangla who is a Senior Manager in o…
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The recent developments in the tax arena may raise some areas of concern. In this podcast the speakers address some of the recent trends discussed with prof dr vikram Chand of the university of Lausanne on 23 November 2022. Have a look at all our previous episodes and stay up to date on www.pwc.be/tax-bites…
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Looking ahead at tax policy in uncertain times.
18:54
18:54
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18:54Patrick Boone and Matthias Reyntjens look ahead to what the next months will bring in terms of economic developments, and what this means for tax policy. How will countries react, how can businesses react, and what will all this bring from a tax perspective. This podcast is the first of a series of podcasts dealing with the particular concerns for …
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Series 2 - Episode 4: Crypto-Asset Reporting Framework (“CARF”) and Amendments to the CRS
16:45
16:45
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16:45Welcome to Series 2 Episode 4 of Spotlight on Financial Services Tax Series. Tetiana Sphak will kickstart the conversation with Bilal Abba (Director - Middle East Tax Information Reporting Leader) on the proposed amendments to the Common Reporting Standard as well as a release of a new global tax transparency framework, which introduces the automat…
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Series 2 - Episode 3: Transfer Pricing & the rise and rise of digital banking
12:56
12:56
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12:56In the first episode of this series on Financial Services Transfer Pricing: The rise and rise of digital banking, Safae Guennoun, Zachary Noteman and Zeeshan Humayun discussed, amongst other aspects, the importance of transfer pricing considerations from a banking perspective; key transfer pricing considerations when launching a digital bank; how t…
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In this episode of the Tax Bites podcast series, our global tax ERP leader and other tax technology experts talk about the latest major trends in the global tax ERP landscape. Get insights into the ever-changing tax obligations and the impact on data needs. Learn about how these new obligations - like Pillar 2 taxation and ESG - can be tackled with…
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On 11 July 2022, the OECD released a progress report on Pillar 1. In this episode, we go through the key takeaways from this report for businesses. Towards the end of the episode, we also covered a brief update on the latest status of Pillar 2. Have a look at all our previous episodes and stay up to date on www.pwc.be/tax-bites…
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One year after the publication of the Fit For 55 Package - Where do we stand?
21:38
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21:38On 14 July 2022 the European Commission published its ambitious Fit For 55 Package. Tune in if you want to know where we stand today regarding the tax measures included in the Fit For 55 Package and how the developments impact business. Have a look at all our previous episodes and stay up to date on www.pwc.be/tax-bites…
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EU commission proposal to tackle the debt-equity bias in taxation (DEBRA)
22:10
22:10
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22:10In this week’s podcast, our speakers discuss the content of the proposal and assess which businesses will be impacted. They’ll explain the allowance on equity and interest limitation, linking this to other pending EU proposals. Have a look at all our previous episodes and stay up to date on www.pwc.be/tax-bites…
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E-invoicing trends in 2022 - another step towards tax information transparency
22:39
22:39
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22:39Throughout Europe, mandatory e-invoicing is more than ever seen as the way to close the VAT gap. In this podcast, we’ll discuss the challenges businesses face to remain compliant, when the sources of structured tax information are increasing and information has to be delivered in a timely manner. We’ll also look at interesting similarities between …
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On 22 December, the European Commission issued 2 proposals. One proposal deals with the introduction of the global minimum tax in the EU by 2023. The EU proposal deviates from the OECD proposal on a number of topics. Find out how the proposal will look like in this Tax Bites episode with Jean-Philippe van West and Isabel Verlinden. In addition, we …
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Series 2 - Episode 2: A look at BEPS 2.0 proposed changes
11:37
11:37
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11:37In the second episode of our second series on Spotlight on Financial Services Tax, Peter Maybrey and Bilal Abba look at BEPS 2.0 proposed changes, a topical subject for many financial institutions at the moment. These significant changes are reshaping the tax landscape and the rules propose two reforms, Pillar One and Pillar Two, which will be disc…
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Series 2 - Episode 1: Tax audit and assessment activity for tax reporting regimes across the Middle East
9:04
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9:04In the first episode of our second series on Spotlight on Financial Services Tax, Peter Maybrey and Bilal Abba look at recent developments around audits and assessments for tax reporting regimes, including the UAE Economic Substance Regulations (ESR) and the latest developments clients need to be aware of.…
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Proposed implementation of the minimum tax in the EU and the unshell proposal
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24:06On 22 December, the European Commission issued 2 proposals. One proposal deals with the introduction of the global minimum tax in the EU by 2023. The EU proposal deviates from the OECD proposal on a number of topics. Find out how the proposal will look like in this Tax Bites episode with Jean-Philippe van West and Isabel Verlinden. In addition, we …
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On 20 December, the OECD published its proposal for a global minimum tax. All MNCs in scope of the minimum tax will be subject to a taxation of at least 15% in each country where they are active. In this podcast, the publication of the OECD is discussed and the reflections on the impact of the minimum tax. Enjoy! Have a look at all our previous epi…
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How can taxpayer’s fundamental rights bring balance to the ever increasing powers of the tax authorities in the EU?
18:15
18:15
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18:15Tax transparency is the new normal. An ever increasing amount of EU legislation is passed under the banner of the fight against tax fraud. The scope of the legal instruments that allow for mutual assistance between tax authorities are constantly extended. This trend poses a huge challenge for businesses that are coping with tax officials who are us…
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Recorded before the release of the 8 October Inclusive Framework Statement, we share perspectives on the current state of play for in- and outbound investments in China. Our speakers cover the main corporate income tax aspects, as well as insights on the China tax policy developments, including the main attributes that shape a sustainable tax strat…
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The inclusive framework statement of 8 October 2021 explained!
21:54
21:54
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21:54On 8 October 2021, the Inclusive Framework (IF) announced a further agreement backed by 136 (out of 140) members of the Inclusive Framework on the two-pillar approach. In the last few days, a number of countries that initially opposed the reform are now also signing up for it (e.g. Hungary, Ireland and Estonia). With this, all EU Member States that…
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Recovering from COVID-19 - can tax play a role?
16:19
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16:19In this episode, Nancy De Beule, Florian Jacobfeuerborn and Jurgen Coessens explore how tax can play a role in the economic recovery after the COVID-19 pandemic. These M&A experts use their experience in the Belgian market to explore the risks and pitfalls in relation to taxation and post-COVID recovery. They share valuable insights, relevant beyon…
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The fit for 55 package : (R)evolution in green taxation
19:12
19:12
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19:12The increased importance of green taxation cannot be overstated. On 14 July, the European Commission published its ambitious Fit for 55 package. This package fits into the broader initiative of reforming the EU tax landscape, announced by the Commission in May of this year. Join our podcast for an overview of the most relevant tax aspects of the pa…
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Global minimum taxation - US vs. EU what to expect?
22:32
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22:32Global minimum taxation has been front page news since an agreement was reached by the G7 recently. It sounds simple as a concept, but different views and approaches around the world make it far from easy to navigate. In this podcast we’ll discuss the expectations of a global minimum tax in the EU and the US, taking into account recent developments…
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What does a future-proof tax reporting function look like?
22:31
22:31
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22:31There are many things to consider for the tax reporting process and all deliverables linked to it. With automation on everyone’s lips, what trends do we see and how are companies dealing with increasing complexities when operating at international level? What tools are out there and what should be top of mind to increase quality and avoid risk, whi…
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