Ciaran Ryan

Ireland agrees to global tax deal, sacrificing prized low rate

From Reuters: Ireland dropped its opposition to an overhaul of global corporate tax rules on Thursday, agreeing to give up its prized 12.5% tax for large multinationals in a major boost to efforts to impose a minimum rate worldwide. Ireland, the low-tax European headquarters for blue chip companies including Apple (AAPL.O), Google (GOOGL.O) and Facebook (FB.O), declined to sign up …

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Business travel: How CFOs should handle rising expenses this year

From CFO Daily News: As business travel kicks back into gear, you’re likely seeing that the types of expenses employees incur are going back to normal. But costs may be higher than they were before the pandemic. Most CFOs noticed a big shift in expenses during the pandemic. This is according to a blog post from TripActions, …

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Pandora Papers: Largest ever data leak on corruption & illicit assets

From Tax Advisers Europe: The International Consortium of Investigative Journalists has published details of an investigation carried out by over 600 journalists into the largest known data leak on the use of offshore companies, dubbed the Pandora Papers. The leak comprises over 11 million files on the operations of 14 particular offshore service firms who facilitate the use …

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Withholding taxes – New EU system to avoid double taxation

From Tax Advisers Europe: The European Commission has now published a Roadmap concerning a new EU system on withholding taxes, designed to avoid double taxation. The publication precedes a public consultation questionnaire which will also be launched in Q4 2021 on the Have Your Say website. The Commission Roadmap states that despite prior actions by the Commission “tax barriers …

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Companies expect surge in health care costs in 2022

From CFODive: U.S. companies expect health benefit costs to rise 5.2% next year as employees seek care that they deferred during pandemic lockdowns and support for their emotional wellbeing, data from a Willis Towers Watson survey of 378 employers found. “The pandemic has re-framed the importance of a healthy workforce, and there are selected areas like mental …

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1 in 4 employees plans to look for a new job — will Finance be impacted?

From CFO Daily News: Now’s a good time to check in and assess your finance staffers’ job satisfaction. Because about one in four employees plans to look for a new job after the pandemic. That’s according to Prudential Financial’s Pulse of the American Worker Survey. The post-pandemic perspective So why do so many people want to jump …

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Huawei CFO leaves Canada after US deal on fraud charges, detained Canadians head home

From The Economic Times: Chinese company’s finance chief secures exit from Canada and her U.S. extradition fight; two Canadians detained in China are released. Huawei Chief Financial Officer Meng Wanzhou flew home to China on Friday after reaching an agreement with U.S. prosecutors to end the bank fraud case against her, relieving a point of tension between China and the United …

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OECD’s international tax agreement to eliminate double taxation

From Tax Advisers Europe: In a recent interview, Pascal Saint-Amans, Director of the Center for Tax Policy and Administration said that the technical agreement being finalised by the Members of the Inclusive Framework in the Two-Pillar agreement on taxation of the digital economy and minimal global corporate tax will eliminate double taxation. In the interview, Mr …

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