Tim Sarson (KPMG) provides your monthly round up of developments in the international tax arena.
The announcements of measures aimed at tackling the economic and social impact of Covid-19 from countries all over the world are coming in thick and fast. Governments round the world are quickly realising this situation requires significant intervention in terms of support both for healthcare and the economy. In the United States for instance President Trump has announced the phase 3 response which includes an estimated $2.3 trillion in aid; a huge increase from the initial phase 1 aid commitment of $8.3bn. In the UK the key pillars of the economic strategy are now in place and the focus has shifted to implementation.
All businesses should research what reliefs deferrals and other mitigation measures are available in any territory in which they operate...
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Tim Sarson (KPMG) provides your monthly round up of developments in the international tax arena.
The announcements of measures aimed at tackling the economic and social impact of Covid-19 from countries all over the world are coming in thick and fast. Governments round the world are quickly realising this situation requires significant intervention in terms of support both for healthcare and the economy. In the United States for instance President Trump has announced the phase 3 response which includes an estimated $2.3 trillion in aid; a huge increase from the initial phase 1 aid commitment of $8.3bn. In the UK the key pillars of the economic strategy are now in place and the focus has shifted to implementation.
All businesses should research what reliefs deferrals and other mitigation measures are available in any territory in which they operate...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
