Tax

The US is crafting a strategy to ensure tech giants pay their fair share in the booming digital economy. This marks a shift in tax policy aimed at closing the tax gap.

Wealth taxes are drawing attention globally as countries grapple with income inequality. Many experts argue that ultra-rich individuals often find ways to minimize their tax burdens, raising questions about fairness.

New EU tax regulations are changing the landscape of business and individual taxation across Europe. These changes aim to enhance transparency, ensure fair competition, and address tax avoidance, impacting how citizens and companies navigate their financial responsibilities.

Tax policy changes in the US significantly impact both businesses and individuals. These alterations can affect tax rates, deductions, and credits, shaping financial decisions for many.

Australia has ramped up its efforts to ensure tax compliance among multinational corporations with new, strict disclosure laws. These regulations require detailed reporting of global income, profits, and taxes paid, aiming to curb tax avoidance and promote transparency.

Thailand is gearing up to introduce a corporate tax by January 2025. This landmark move aims to enhance the country’s economic landscape and attract foreign investment.

COP29, held from November 11–22, 2024, in Baku, Azerbaijan, brought global leaders together to address the climate crisis. A key outcome was the proposal for a groundbreaking flight tax to fund climate initiatives in developing countries.

Australia is making headlines with a bold proposal to tax digital platforms that fail to pay for news content. The initiative targets tech giants that profit from journalistic work without compensating publishers, aiming to level the playing field for media outlets.