TAXSPOC News Desk
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The New Entry Level: Why AI Is Transforming Career Pathways
AI Is Transforming the First Step in a Career The…
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PwC to Cut 1,500 U.S. Jobs Amid Prolonged Low Attrition and Strategic Restructuring
Job Cuts Hit Recently Hired and Promotion-Eligible Staff as PwC…
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UK Launches Open Consultation on Transfer Pricing, Permanent Establishment and Diverted Profits Tax
Stakeholders are invited to review the draft legislation and submit…
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Trump Targets Global Cinema with 100% Tariff on Foreign-Made Films, Citing Hollywood’s “Fast Death”
Donald Trump announces sweeping new tariffs on international movie imports,…
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Italy Targets Meta, X, and LinkedIn in Landmark VAT Tax Case
Italy Seeks Nearly €1 Billion in VAT payments from Meta,…
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EU Extends Suspension of Tariffs on U.S. Products Until April 14, 2025
The European Commission extends tariff suspension on U.S. imports until…
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Turkey Decides Not to Implement OECD’s Amount B for Now
Amount B will not be applied to transactions involving distributors,…
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PwC Faces Advisory Ban in Saudi Arabia Until 2026
The ban could lead Saudi authorities to implement stricter compliance…
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Council Reaches Political Agreement on DAC9
MNEs will be required to submit their first top-up tax…
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Key Priorities of the European Commission in Taxation
Focus on Green Transition, Addressing the VAT gap, and Commitment…
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KPMG Announces Major Global Restructuring
The overhaul will reduce the number of the firm’s “economic…
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EU-US Trade: How Tariffs Could Impact Europe
European Parliament publishes key insights into EU-US trade relations and…
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Italian Authorities Investigate Amazon Over Alleged €1.2 Billion VAT Fraud
The investigation, led by the Milan Prosecutor’s Office, could impact…
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Pillar One Amount B: Key Update on Marketing and Distribution Activities
Jurisdictions can adopt OECD’s Latest Guidelines on the Amount B…
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US: Trump Administration Cuts 6,700 IRS Jobs Amid Tax Season
Many of the eliminated positions are associated with tax compliance…
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US Weighs Tariff Response to Foreign Digital Services Taxes
DSTs imposed by France, Austria, Italy, Spain, Turkey, the UK,…
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UAE Ministry of Finance’s eInvoicing Consultation Closes on 27 February
Businesses and stakeholders have until 27 February to submit feedback…
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India Unveils Union Budget 2025 with Tax Reforms reinforcing ambition to become a global investment and financial hub
New Income Tax Bill on the horizon, push for certainty…
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Prominent US Lawmakers Back Automated Tax Filings Saving $11 Billion Annually and Disrupting Tax Preparation Industry
US Lawmakers Advocate for Expansion of IRS Direct File Program…
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Belgium: Circular Letter Provides Guidance on “VAT Chain” Reform
Important Changes to Belgian VAT Filing and Payment Rules
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European Union: Poland Sets Strategic Priorities for Its EU Council Presidency
Focus Areas Include: Tax Governance & Competitiveness, Closing the VAT…
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European Union: FASTER Directive Published in the EU Official Journal
Digital Tax Certificates, Fast-Track Refund Systems, and New Financial Intermediary…
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US Rejects UN Framework Convention on International Tax Cooperation
As unduly restricting nations’ ability to set independent tax policies
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Mexico and U.S. Reach Last Minute Deal on Tariffs
Agreement to Delay Tariffs for 1 month Amid Border Security…
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U.S. Announces New Tariffs on Canada, Mexico, and China
President Trump issued Executive Orders imposing new tariffs on imports…
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Canada Imposes 25% Tariffs on $30 Billion Worth of U.S. Goods
Access The List!
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Escalating Trade Tensions: U.S. Tariffs on Canada and Canada’s Retaliatory Measures
Update on the latest U.S. tariff measures against Canada and…
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America First Trade Policy: A New Strategy for Economic Growth and Security
White House publishes memorandum that sets deadlines for various investigations…
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Spain Prioritizes Football Once Again with Madrid’s “Mbappé Law” Benefiting Star Player´s Personal Income Tax
This isn’t the first instance of Spanish Personal Income Tax…
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Impact of India’s Goods and Services Tax (GST) on Intragroup Guarantees
The imposition of GST on intragroup guarantees represents a significant…
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Germany: E-Invoicing Approved
Parliament Approves Legislation Introducing E-Invoicing Mandate