The United Nations is set to begin talks on a new global tax treaty in 2025, with engagement from the US, UK and other developed countries far from certain.
The body must determine how and whether to earn buy-in from powerful countries and choose which corporate tax issues to tackle following tense preliminary talks in 2024, according to lawyers, businesses, and non-governmental organizations. So far, treaty negotiators have selected “cross-border services in an increasingly digitalized and globalized economy” as a focus area.
This broad category covers business revenue earned without a physical presence in a country and new methods for ...
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