Yellow

An accountant, two post-grad degrees, in love with Income Tax. Almost all tweets and likes are about tax.

[Yellow @YellowTrolley]

Pillar One being revived? 🤔

[Bloomberg Tax @tax]

Countries should abandon digital services taxes and pursue a multilateral approach to the digital economy or risk US-led trade or tax retaliation, according to a bipartisan House resolution. https://t.co/mlVYj17RBW

[Yellow @YellowTrolley]

@AlexParkerDC Even I watched He-Man!

[Yellow @YellowTrolley]

@tax_oz @RizviAbul Don’t quite agree with Abul. And NZ is not exactly an economic powerhouse…

[Quite Interesting @qikipedia]

In medieval Germany, buildings were taxed on the area of their foundations, which is why they had larger upper than ground floors.

[Bloomberg Tax @tax]

The Australian Tax Office needs additional tools to discourage transfer pricing by tech companies hoping to avoid paying for local news content, the country’s commercial television broadcasters say. https://t.co/JsTYsnAARl

[Yellow @YellowTrolley]

@toy59496 @TaxPawspective I don’t think retain income will no longer 47%. It’s minimum tax, not maximum tax, of 30%.

[Yellow @YellowTrolley]

full-public-disclosure feature in Australia’s “country-by-country” reporting plan!

[Alex Parker @AlexParkerDC]

I get the feeling that what everyone wants to read right now is a tax article: https://t.co/g8p7bYLKha

[Yellow @YellowTrolley]

@FootnotesGuy Once upon a time “broad base low rate” was the tax mantra - all the way from OECD to … everyone. I was taught that GST/VAT was the most efficient tax. Is that mantra still a thing?

[Yellow @YellowTrolley]

@keithmarlowau @szabosolicitors Does the article assume the CGT rule for individual would be different from the rule for “widely held” funds/trusts?

[Yellow @YellowTrolley]

@toy59496 So loss is still indexed - wrong to say it’s not. The third basket, neither gain nor loss, is the one that is not. (2/2)

[Yellow @YellowTrolley]

@toy59496 The calculation is like pre-99. In pre-99 there are 3 baskets. You do two calculations. Excess of cost base over capital proceeds is your loss. Excess of capital proceeds over indexed cost base is gain. If neither produces a positive amount, no gain or lose. (1/2)

[Yellow @YellowTrolley]

@JesusFerna7026 Very interesting conversation. Thank you for the explanation.

[Alison Boyce @Ali__B]

Your client is using ChatGPT. Is that a privilege problem?

https://t.co/44HAgMBVyb?

[SmartCompany @SmartCompany]

The ATO has successfully appealed a ruling that could have opened the door for employees across Australia to claim their home office rent expenses as income tax deductions.

https://t.co/cT3FgPLNKN

[Tax Notes @TaxNotes]

The United Arab Emirates has introduced the first phase of a new research and development tax incentive regime, taking into account more favorable treatment of some nonrefundable tax credits in recent global minimum tax guidance. https://t.co/aPhQYO7xLE

[Tax Notes @TaxNotes]

Multinational companies headquartered in Ireland are doing the math to decide whether a return to the United States would make sense following the side-by-side agreement package affecting global tax reform, a former OECD official said. https://t.co/YAauwIHu0C

[Yellow @YellowTrolley]

@taxleonard Will it ever be repealed?

[Tax Notes @TaxNotes]

International tax observers should pay more attention to U.N. tax negotiations because developing countries frustrated with the outcome of the OECD pillar negotiations are discussing important tax topics there, according to the Estonian U.N. delegate. https://t.co/1582tCfI5g

[Tax Notes @TaxNotes]

"It's kind of ironic that pillar 2 was supposed to set a floor on tax competition, and yet the side-by-side system may end up fueling more tax competition."

Check out @StephanieSoong's discussion about the OECD’s recent pillar 2 side-by-side package deal: https://t.co/8hnDOzmbbx