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.