This Week's Report

KPMG Week in Tax: 22 – 26 May 2023

Highlights include:

  • Costa Rica: Proposed introduction of global income tax system
  • New Zealand: Tax bill includes Pillar Two global minimum tax rules
  • Spain: Bill implementing DAC7; VAT, income tax, and FATCA implications for finance and insurance industries
  • United States: Ways and Means Chairman introduces bill that would impose additional tax on foreign jurisdictions with undertaxed payments rule (UTPR)


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