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  • News | Environmental and green taxes

    Tax policy makers, globally and domestically, are increasingly focusing on their members’ or countries’ contributions to environmental and green agendas. Tax measures that countries have implemented or are considering include: carbon taxes, green tax incentives, and carbon border adjustments. At the same time, companies are seeking to measure and reduce their carbon footprints, evaluate climate change risks, and communicate this information with investors, employees, customers, regulators or more widely.As governments assess how taxes and incentives can be used to address climate change, CEOs and leaders need to reevaluate their strategies, risks, and business models. Supranational bodies are increasingly turning their attention to highlighting issues, setting standards or determining best practices in this area:. The OECD has long noted that pricing instruments encourage broad-based action to reduce environmental damage at least cost and should be a central pillar of green growth policy. Regular OECD reports on carbon pricing monitor countries’ carbon taxes and emissions trading schemes . .The EU has consulted on some elements of a Green Deal that would strengthen some existing measures within the Single Market and protect it from competition due to carbon leakage with the introduction of a carbon border adjustment mechanism. Other measures might include a Member State national contribution calculated on the weight of non-recycled plastic packaging waste.The American Jobs Plan, incorporating the Made in America Tax Plan, published by the Biden administration includes tax incentives for clean energy.

  • News | Tax and Legal Managed Services

    What is Tax & Legal Managed Services l Compliance Reimagined?It is a modular approach to tax and legal compliance services offering a transparent, digitally enabled relationship, with real time tracking of your deliverables and monitored by regional talented specialists. Your dedicated Compliance Process Manager will coordinate your various tax and legal compliance obligations across the Middle East , enabling your teams to focus on other key business objectives.The modular model puts key business needs at the centre of tax and legal compliance from the collection and processing of your data, to the filing of your obligations. Combining our people’s expertise with the latest digital solutions, we drive efficiencies and enable the governance to deliver effective tax and legal compliance risk management.

  • News | Navigate Tax and Legal Measures in response to COVID-19

    The COVID-19 pandemic continues to present significant challenges around the globe and the disruption continues to evolve. Now’s the time for organisations to rethink and reconfigure their strategies, focusing efforts on supporting key areas of their businesses in a new environment.It is critical that organisations consider the broader economic, political and societal context businesses now operate in, in order to make informed and compliant decisions that drive operations forward. Below is a tool to enable you to stay abreast of the complex changes that impact your business by providing you with the latest COVID-19 tax, legal, people, and regulatory responses by territory. This will be updated as changes continue to develop.

  • News | Taxing times require a new era of compromise

    When governments came together at Bretton Woods, New Hampshire, in 1944, they relied on a spirit of compromise to found the international institutions that would help rebuild a devastated world. Even as the Second World War raged on, leaders looked ahead to a brighter future, and agreed to a monetary system aimed at avoiding future trade wars. As we strive now through vaccination to put the global pandemic in our rearview mirror, are we at a Bretton Woods moment for the global tax system?COVID-19, like war, created human, economic and fiscal carnage. Deficits, which were already large a year ago, now stand at levels not seen for more than 80 years. And even when we start to return to some semblance of normalcy, governments will need to continue investing substantial funds to repair the pandemic’s damage, while also laying the foundations that will enable societies to tackle longer-term challenges, such as income inequality and climate change.

  • News | Paying Taxes 2020

    The release of Paying Taxes 2021 has been paused.The Paying Taxes Report is based on data from the World Bank’s Doing Business study. As the World Bank has paused the release of Doing Business 2021, this has in turn paused the release of Paying Taxes 2021. We will update our website with a release date once further information is available.Paying Taxes, an annual study from PwC and the World Bank Group, helps governments and businesses understand how their tax systems compare on the global stage and helps tax administrations learn from what others are doing.Now in its 14th edition, this year’s study looks at how advances in technology make paying taxes easier. With 15 years of data and comparative analysis on the tax systems in 190 economies, Paying Taxes lets you see the impact of digital innovation around the world.Learn what technologies are currently available for tax compliance, how they’re being implemented and the ways in which you can use them to reduce administrative burdens. See what other economies are doing to improve the neutrality of their VAT systems by enhancing the process of VAT refunds. Dive deeper into the most prominent tax policy shifts and tax policy issues.PwC and the World Bank Group share their 15 years of tax data from 190 economies. Take a look at how your economy compares with others using our interactive tool. Sort the numbers by geographic or economic region. Save your results.Use this interactive tool to see your economy’s ranking for ease of paying taxes in 2018, based on four indicators: Total Tax and Contribution Rate , time to comply, number of payments and post-filing index.This interactive chart shows which reforms had the greatest impact on the 2018 global average for each of the Total Tax and Contribution Rate, the time to comply and the number of payments indicators.On 26 November 2019, PwC and the World Bank Group hosted a webcast on the key findings from this year’s annual study, Paying Taxes 2020, and responded to audience questions.See what they presented and hear what they said.What were the largest changes to the Paying Taxes indicator in 2018 ?Use the drop-down menu below to explore in more detail the changes in individual economies and see how these have impacted the global averages for the Total Tax and Contribution Rate, the time to comply and the number of payments sub-indicators.

  • News | Key Tax Issues at Year End for Real Estate Investors 2021/2022

    International tax regimes are diverse, complex and variant, and are usually full of fixed dates, terms and deadlines. These dates, terms and deadlines need to be observed carefully in order to avoid penalties and to receive certain tax reliefs or exemptions. At year end these obligations become even more difficult to understand and fulfil, particularly for real estate investors with investments in numerous countries.This publication gives investors and fund managers an overview of year-end to-dos and important issues in real estate taxation in 40 tax systems worldwide. Furthermore, it highlights what needs to be considered in international tax planning and the structuring of real estate investments.

  • News | Clayton, Dubilier & Rice Reaches Agreement to Acquire PwC’s Global Mobility Tax and Immigration Services business

    Transaction Will Create the Independent Leader in Global Mobility Tax and Immigration Services for Multinational Organizations. London and New York, 19 October 2021 – Clayton, Dubilier & Rice and PwC today announced an agreement under which CD&R funds will acquire PwC's Global Mobility Tax and Immigration Services business. The business is the global leader in employee tax, immigration, business travel, mobility managed services, and payroll solutions to multinational organizations and their employees. Terms of the transaction were not disclosed.The Global Mobility Tax and Immigration Services business serves more than 3,000 multinational clients worldwide. The business helps organizations manage global talent mobility, while providing personalized, high-quality tax and immigration services to cross-border employees, as they navigate compliance issues associated with global employment. The transaction will create a free-standing, global platform with more than 5,700 professionals hyper-focused on a seamless cross-border experience for clients, while accelerating investment in technology and new services.Throughout its more than 50-year history, the business has been the leader in global mobility services, supporting its clients’ talent mobility programs by helping solve cross-border employment challenges. Recently, the business enhanced its service offerings to reflect the changing needs of clients and their cross-border employees throughout the pandemic.“We are excited for the opportunity to become a free-standing organization and partner with CD&R to build on our market leadership and drive more value for clients,” said Peter Clarke, Global Managing Partner for Global Employee Mobility at PwC, who will be CEO of the new company. “The pandemic proved that global employment issues remain a key challenge for companies, especially as compliance requirements become more complex. Our partnership with CD&R will allow us to accelerate our technology investments to offer what our clients are asking for: an integrated digital experience across the entirety of the talent mobility ecosystem. These technology investments along with our new global operating model will support an even more differentiated service experience for our clients with the same laser focus on the quality and confidentiality of the services we provide to our cross-border employee clients, while providing expanded and rewarding career opportunities for our team.”“CD&R has a longstanding track record of executing global carve-out transactions helping companies transition from corporate ownership to independent models,” said Stephen Shapiro, a CD&R partner. “We believe, as a free-standing platform, PwC’s Global Mobility Tax and Immigration Services business will be positioned to increase its value proposition to its world-class client base.”“The Global Mobility Tax and Immigration Services business has significant global capabilities to support emerging trends and

  • News | Worldwide Tax Summaries

    If you are responsible for managing taxes in a business that trades or operates across a number of different territories, you understand how much of a challenge it can be trying to keep on top of the tax rates and rules in each of them, notwithstanding the fact that these frequently change.Worldwide Tax Summaries cuts through those complexities. This useful online tool will help you make informed decisions with the most up-to-date and relevant details about tax systems in more than 150 territories worldwide.New Quick Charts, providing territory specific tax information. Advanced print functionality, allowing you to download relevant sections to be reviewed in the most convenient way for you. Access to archives of previous year’s data in case you need comparison data. Fully mobile compatible online tool, updated regularly by local PwC tax specialists

  • News | Worldwide Tax Summaries

    If you are responsible for managing taxes in a business that trades or operates across a number of different countries, you will recognise how much of a challenge it can be trying to keep on top of the tax rates and rules in each of them, notwithstanding the fact that these frequently change.Worldwide Tax Summaries is a useful tool, to help you find tax information from around the world. It provides details about tax systems in over 150 countries worldwide, in an easily digestible format.You can access Worldwide Tax Summaries in two ways:. The fully mobile compatible Worldwide Tax Summaries online tool gives you quick and easy access to the most up to date information available for all countries.The reference guide Worldwide Tax Summaries - Corporate Taxes can be downloaded for viewing on most digital devices as a PDF or ebook. The latest edition of the guide compiles worldwide corporate tax rates and rules for 152 countries.