The new EU Tax Package: an (over)ambitious plan?
Last week the European Commission announced its first steps towards a new EU Tax Package, with already quite some attention towards tax compliance formalities.
“It was great to see that the emphasis on tax compliance is an integral part of this package. The EU seems to acknowledge the impact on the EU compliance position of European multinationals from the start” states Frank Metsemakers, Senior Tax Manager Global Compliance, in his blog.
Operational Transfer Pricing: automation can bring you closer
OTP is the management of transfer pricing data, processes and governance using technology. An effective OTP program aligns transfer pricing requirements with commercial goals.
This article explores why OTP is now attracting renewed attention, it dispels common misconceptions about OTP and highlights its potential benefits.
OECD Update: 'Unified Approach' promising for acceptance
On 31st of January, 2020, the OECD gave an update on the outline for a global taxation of multinationals: 'Unified Approach'. Jaap Reyneveld, partner at KPMG Meijburg & Co: “It looks like the 'Unified Approach' of the OECD has a good chance of being accepted on a global level. This will have an impact on both tech companies and more traditional multinationals."
Major changes EU VAT and e-commerce 2021
New VAT rules for e-commerce will be introduced in the European Union (EU) as of January 1, 2021. In this blog Max van de Ven, Andy van Esdonk and Giancarlo Stanco, of KPMG Meijburg & Co, each share their view on the impact of these new VAT rules.
BEPS 2.0 Update: A new tax system for the digital era
On 24th of October, 2019, the roundtable session 'BEPS 2.0 Update' took place at KPMG Meijburg & Co. As a result, a report was made with interesting findings and feedback on the OECD consultation document for taxation in the digital economy (Pillar 1).
Are you losing money because of Tax Equalization? – Tax Technology offers you insight!
A common agreement in the world of cross-border employment is the ‘tax equalization agreement’ between an employer and employee. Under this agreement, an employee does not pay more or less tax during their secondment than the tax they would have paid had they continued to live or work in their home country.
“An aging population and digitization are eroding the tax base.”
A digitizing economy and an aging population are creating financial problems for governments and forcing them to look at the financing of public expenditure over the longer term. In other words, the sources of taxation. What is the solution? Robert van der Jagt, partner at KPMG Meijburg & Co, explains.
“In a digital world, we don’t just tax profits in the country where a business has a physical presence.”
Most international businesses pay taxes via local offices (permanent establishments) on profits they realize in other countries. But in today’s digital economy there is often no such thing as a permanent establishment, despite the fact that products and services are sold in several countries, and customers create information that is valuable. Should the country where the customers are located therefore not also be able to tax part of the profits? Michael van Gijlswijk, partner at KPMG Meijburg & Co, explains these developments in more detail.