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26 March 2024 The outlook for global tax policy and controversy in 2024 With so much tax change unfolding, the EY 2024 Tax Policy and Controversy Outlook explores what you should do now and what to watch next. "Major intertwined tax developments continue to evolve and it's the companies that see the whole picture in real time that will navigate successfully," says Marna Ricker, EY Global Vice Chair of Tax. Around the world, governments are actively evaluating and implementing tax reforms developed in global discussions. "Companies cannot wait for these interconnected provisions to be finalized everywhere before addressing the implications for their businesses. Complying with BEPS 2.0 Pillar Two rules, satisfying new transparency requirements and preparing for future controversy require action now," says Barbara Angus, EY Global Tax Policy Leader. Further transformation is ahead as governments consider digital taxes, modification of other tax rules in light of Pillar Two and broader tax reforms to further their policy objectives and meet their revenue needs. All this activity will have long-term implications for the international tax environment and the global economy. These and other developments are addressed in the Outlook narrative piece, reflecting observations by EY Tax professionals in 75 jurisdictions gathered in the annual Outlook survey at the start of 2024. Detailed reports on tax policy and controversy developments in 75 jurisdictions are attached below.
Document ID: 2024-0689 | |||||
