Colombia Official Talks Global Tax Deal, Mineral Trade
Talking Tax12 Juni 2024

Colombia Official Talks Global Tax Deal, Mineral Trade

Countries are under pressure to finalize and sign the text of the OECD's multilateral tax treaty, one part of the international tax deal known as Pillar One, by the end of June. Several OECD officials, including Manal Corwin, director of the organization's Center for Tax Policy and Administration, have reported significant progress on finalizing the document. But negotiations have hit a snag. The problem area is treatment of another part of Pillar One, known as Amount B, that's meant to simplify the way businesses value intercompany marketing and distribution transactions. The US and India, in particular, have butted heads over whether the measure should be mandatory. In this week's episode of Talking Tax, Bloomberg Tax reporter Lauren Vella sits down with Dr. Santiago Gomez Cifuentes, head of congressional affairs at the Colombian Embassy in Washington, to talk about progress made on the Organization for Economic Cooperation and Development-led deal and what's holding back the completion of Pillar One. Gomez Cifuentes is in close contact with the Colombian delegation to the OECD, and serves as a go-between representing Colombian interests in conversations with US lawmakers. He spoke with Bloomberg Tax on his own behalf and doesn't represent the official position of the Colombian government. They also talk about Colombia's interest in the US Inflation Reduction Act and tax incentives that could boost mineral exports from Latin American countries. Produced by Matthew S. Schwartz.

Avsnitt(432)

Hashing Out US-World Tensions on 'Side-by-Side' Global Tax Deal

Hashing Out US-World Tensions on 'Side-by-Side' Global Tax Deal

About three months have passed since Treasury Secretary Scott Bessent announced that the US, along with its Group of Seven allies, agreed to work on a system that would exempt American companies from ...

24 Sep 202513min

How IRS Attorney Departures Will Prolong Cases, Spur Settlements

How IRS Attorney Departures Will Prolong Cases, Spur Settlements

Big job cuts and reductions in resources at the IRS are liable to prolong disputes over tax bills and force the agency to leave money on the table when cases are finally resolved. More than 170 att...

17 Sep 202512min

Companies Face Tariff-Induced Transfer Pricing Audit Risks

Companies Face Tariff-Induced Transfer Pricing Audit Risks

President Donald Trump's widespread tariffs are boosting tax dispute risks for companies that are scrambling to understand how to factor the new trade duties into their transfer pricing and tax planni...

12 Sep 202512min

Enrolled Agents Anticipate IRS Chaos for Next Tax Filing Season

Enrolled Agents Anticipate IRS Chaos for Next Tax Filing Season

Tax preparers consider themselves foot soldiers on the front lines of Americans' income tax preparations. They provide advice and file the returns, helping the government collect its revenue and ma...

10 Sep 202511min

Congressional Deadline on Shutdown Deal Adds to IRS Challenges

Congressional Deadline on Shutdown Deal Adds to IRS Challenges

Congress is back in session with just a few weeks to reach an agreement before government funding runs out Sept. 30. For IRS watchers, the lack of agreement on how to fund the tax collection agency or...

3 Sep 202512min

IP Poses Risks, Opportunities for Companies' Tariff Planning

IP Poses Risks, Opportunities for Companies' Tariff Planning

As President Donald Trump's tariffs make waves in the world economy, multinational companies are mulling what it could mean for their intangible assets like intellectual property and brand recognition...

29 Aug 202515min

KPMG Juggles AI Efficiency Gains With Long-Term Talent Strategy

KPMG Juggles AI Efficiency Gains With Long-Term Talent Strategy

Big Four accounting firms are racing to integrate next-generation AI technology across their service lines and develop a talent strategy to match the industry's new era. KPMG is focused on making ...

27 Aug 202515min

Cross-Border Tax Evasion Is an Old Story, Roman Scroll Reveals

Cross-Border Tax Evasion Is an Old Story, Roman Scroll Reveals

Proof from an ancient Roman scroll: As long as there have been taxes, there has been tax evasion. When researchers studied a previously mislabeled scroll, they discovered detailed attorney notes fo...

20 Aug 202514min

Populärt inom Politik & nyheter

aftonbladet-krim
svenska-fall
rss-krimstad
p3-krim
fordomspodden
spar
flashback-forever
rss-sanning-konsekvens
rss-expressen-dok
rss-vad-fan-hande
aftonbladet-daily
motiv
grans
rss-frandfors-horna
rss-krimreportrarna
rss-flodet
krimmagasinet
blenda-2
rss-aftonbladet-krim
olyckan-inifran