U.S. Skeptical About Permanent Safe Harbor for GLOBE Tax Framework
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U.K. Diverted Profits Tax Yield Plummets by 80 Percent
While transfer pricing revenues reverted to pre-pandemic figures at £1.6 billion, results from the diverted profits tax appear to be highly cyclical, yielding only £40 million in tax year 2022–2023, HM Revenue & Customs said.
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