|
PwC’s newly released “Shifting the balance from direct to indirect taxes: bringing new challenges” provides a global perspective on the shift from direct to indirect taxes. The trend for governments to raise more revenues through indirect taxes seems set to continue. The resulting shift from direct to indirect taxes will give multinationals fresh challenges, and companies may need to take a different approach to tax management in the future. The spread of Value Added Tax (VAT) or Goods and Services Tax (GST) across the world is continuing at a rapid pace. The design of these taxes is constantly under review too for those who already have them.
There are fundamental reforms being contemplated by India and China, with China moving rapidly to the transition from business...
|