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Global Tax Reset: the changing world of tax
The Global Tax Reset is bringing in a new era of international tax, with an emphasis on transparency, consistency and sharing of information between tax authorities. This paper discusses the forces driving significant change to the international tax landscape, as well as key areas of business impact and resulting challenges.
The confluence of the G20/OECD's efforts, combined with the changing perspective on taxation, increased sharing of information between tax authorities in different countries, and the pressure on governments to collect additional tax revenues, are culminating in sweeping changes to laws and treaties. This is triggering a complete Global Tax Reset for businesses with worldwide operations.