Why MNEs need tax technologies
As businesses go digital, tax functions also need to keep pace with digitization and digitalization. New technologies are also transforming the way businesses deal with their tax work. This makes corporations to feel necessity to build more effective tax functions using digital technologies. Besides, In June 2013, an Action Plan was announced to the public […]
Future of Tax Function for MNEs
These days most of tax executives are asking if they are getting ready for the future of the tax function. They ask such questions as tax departments of multinational enterprises (MNEs) are confronting with various challenging tax developments all around the world. From a tax perspective, the objective of digitalization is to integrate information systems […]
Impact of BEPS Developments on Tax Technologies
Background Abbreviation of BEPS has been the most used one among the international tax professionals in last years. It is an international plan developed by the OECD aiming to prevent the base erosion and profit shifting (BEPS) of company profits to low tax or no-tax countries as a result of tax avoidance strategies that exploit […]
Turkey proposes 7.5 percent digital services tax on large multinationals
Turkey’s Ministry of Treasury and Finance on 23 October released a draft law introducing a digital services tax, sending it to Turkish Parliament for ratification. Turkey’s digital services tax is highly similar to the European Commission’s digital tax proposal. It would be applicable to companies with revenues in Turkey of 2 million TRY (Approximately 3.125 […]