US plans for global corporate taxes look set to raise as much revenue for other countries as the OECD’s earlier suggestions. With the pandemic to pay for, most countries will welcome an increase in their tax revenues, a more stable global corporate tax system and a reduction in harmful tax competition.

3 minutes

The Biden administration may have noted rumours about capital gains tax (CGT) changes Rishi Sunak was considering last year, as it has proposed similar plans to double the US CGT rate to 39.6 per cent. If the US President is successful in pushing through his proposals, it could motivate the Chancellor to impose similar changes in the UK. Be warned: Rishi Sunak may also take inspiration from another US policy to ensure its success - an exit tax on individuals.

3 minutes

Environmental, Social and Governance (ESG) investing is a huge and growing trend. With increasing recognition that tax avoidance is something which requires great skill but may not be very smart, two recent developments put tax firmly back on the list of hot governance topics. The big question now is whether the next US administration will be prepared to give way on sufficient points to allow the new OECD plan to go ahead.

4 minutes

Press reports suggest that the Government’s Internal Market Bill, due to be published tomorrow, may significantly diverge from the customs border arrangements it agreed with the EU in the Northern Ireland Protocol. If so, Northern Ireland businesses could be pushed into a position of even greater uncertainty as Brexit looms.

3 minutes