The Finance Bill expands the UK’s implementation of the OECD’s Pillar Two framework, introducing the Undertaxed Profits Rule (UTPR) from December 31, 2024. This complements the existing Income Inclusion Rule (IIR), creating a comprehensive minimum tax regime for large multinational enterprises. ...
The measures unveiled in Finance Bill 2024 will have far-reaching implications for businesses across Ireland. If you have any enquiries, comments, or wish to explore further, we are here to assist. Contact any member of our Tax team today. Tom Woods Partner, Head of Tax KPMG in Ireland ...
Finance Bill 2024 was introduced by the Minister for Finance on 10 October 2024 following a Budget package of €10.5 billion supported by buoyant corporation tax receipts over the previous year. It was introduced with the minister’s stated aim of providing “additional supports” to individuals,...
The Kenyan government has scrapped the 2024 Finance Bill, which included $2.3 billion in tax hikes, following widespread protests across the country. The demonstrations, led by young people known as Generation Z, resulted in property damage and dozens of deaths. President William Ruto initia...
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18, 2024 Trump Sinks Bipartisan Funding Bill A government shutdown looms ahead of Christmas after President-elect Donald Trump rejected a bipartisan temporary spending measure – and delivered a sharp rebuke to the Republican House speaker in the process. Aneeta Mathur-Ashton D...
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“Malaysia’s property market overhang improved slightly in the first half of 2024 (1H24) compared with 2H23, with the total number of unsold units falling by 12.3% and their aggregate value declining by 19.5%. “The current property overhang itself will cap the rise of residential property ...
June 16 2023 Number of UK graduates repaying loans rises to 2.5mn Total student loan book reaches £200bn May 29 2023 Stephen Bush The UK needs a new deal for its highly taxed graduates Repayments under the student loan system hinder their potential contributions to the economy ...