Global temperatures keep rising. On May 9, 2022, the World Meteorological Organization announced that the average global temperature will most probably reach 1.5° above industrial level for at least one of the next five years, and the likelihood is increasing with time [1]. This 1.5° threshold indicates the point at…
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It has been nine years since I wrote the first post of this series. A lot of water has passed over the bridge: the BEPS project, some proposals of two pillars that change the international tax context, a pandemic (I hope only one), and certainly the popularity of cryptocurrencies (their…
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The taxation of corporate income has several aspects of interest to analyze in order to know the tax strategy of the countries of the continent, especially on the application of the jurisdictional principle of taxation (territorial vs world income) and the level of rates. Territorial taxation vs world income In…
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Knowing who actually exercises control over the persons and legal structures has always been a challenge. Knowing this could help the authorities to control or, if necessary, to designate responsibilities regarding the correct use of these structures. Currently, the tax administrations have figures such as joint and several liability, which…
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Value Added Taxes (VAT) and Corporate Income Taxes (CIT), are usually two of the instruments, individually considered, that contribute the most to a country’s revenue collection. In the last recorded period (2016 to 2018), the total tax burden of the countries considered was equivalent to 21.4% of GDP, on average.…
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For centuries, the relationship between tax authorities and taxpayers has been difficult and conflicting. Mistrust between the parties has produced constant tensions, raising costs for the state and the taxpayers. The imposition of taxes provoked uprisings in various parts of the world and on different occasions, the most noteworthy being…
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