Details

Service: Tax, Global Indirect Tax
Type: Business and industry issue
Date: 10/12/2008

Global VAT, trade and customs brief — issue 12, October 2008

As major shifts occur in the financial markets, global economy and corporate environment, one of the emerging questions is what impact these events will have on tax policy and collection globally. Amidst all of the current global uncertainty, one thing is clear: government tax revenues are at risk like never before.

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Inevitably, governments will respond in a range of ways. However, traditional responses such as increasing tax on corporate profits, income or labor are increasingly difficult in view of their negative impact on inward investment and domestic competitiveness.

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