Ryan Hogg

Multinationals are increasingly becoming embroiled in disputes with tax authorities around the world and spending less time on planning and strategy amid growing trade and economic concerns.

A UK plan to let investors know their tax obligations before they launch major infrastructure projects promises to cut down on disputes and costly court battles.

A key House Republican expects the OECD to conclude negotiations soon on a revised global minimum tax after the body failed to meet a year-end deadline set by US officials.

In this episode of Talking Tax, Christian Kaeser, global head of tax at Siemens AG, told Bloomberg Tax reporter Ryan Hogg that some of his European counterparts regarded the deal as “lopsided” but welcomed new permanent safe harbors that were created with input from Business at OECD, known as BIAC. Kaeser is co-chair of BIAC’s tax committee.

The UK tax authority’s new digital tax return regime will mainly target business customers in the construction and real estate sectors during its first rollout this year, according to official figures released Wednesday.

The next five years are crucial in preserving progress on multilateralism, a top OECD official said as she laid out the case for further global tax cooperation after January’s landmark minimum-tax deal.

The European Commission’s coming tax simplification package will reduce the administrative burdens on companies that have signed up to the global minimum tax deal, a top official said Thursday.

Failure to find a multilateral solution on the taxation of the digital economy would make fresh regional or unilateral measures “almost unavoidable,” a senior European Commission official said Thursday.

Australia has opened its portals for multinationals to file their global minimum tax returns ahead of its June 30 deadline.