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Tax-Free Digital Transactions Favors Rich Brazilians: Minister

The government cannot impose a tax that society does not want, nor can the Lower House speaker, the Senate or the Republic ban the debate on a new tax on digital transactions, said the Minister of Economy, Paulo Guedes, during a virtual hearing on commission congressional tax reform.

OECD Here to There • Tax Havens & Covid • Substance in Flux

This weekend roundup of Bloomberg Tax Insights looks at whether the OECD’s digital tax project can reach its objective; how tax havens are affected by the pandemic; transfer pricing substance in flux; state taxes and selling an interest in a pass-through entity; the new Dutch mutual agreement procedure; new lease accounting rules’ intersection with transfer pricing; foreclosing mezzanine loans in a pandemic; land investment tax characteristics; U.K. businesses involved in trade with the EU; Swiss withholding tax reform; and cross-border tax disputes in Italy.

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