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World turns to VAT cuts on coronavirus COVID-19 threat

Countries are turning to emergency tax cuts to support their stuttering economies under the coronavirus (COVID-19) threat. VAT is the popular stimulant as it can be adjusted overnight and boosts consu...Continued

Post-COVID VAT and GST reform – righting the wrongs

Value Added Tax, Goods and Services Tax and U.S. sales tax are having a ‘good’ coronavirus crisis. But let’s seize the momentum to improve and simplify the world’s most popular tax....Continued

Covid-19 VAT cashflow opportunities and complexity makes automation vital

COVID is creating major international cash savings opportunities as governments use Value Added Tax, Goods and Services Tax and U.S. sales tax as first-measure responses to support and boost the econo...Continued

Unfair gig competition? Tax risks for traditional economy

The tax system has always provided subsidies and preferential VAT benefits to the self-employed to reflect the risks of entrepreneurship and to offer a subsidy to a dynamic corner of the economy which...Continued

Crowdfunding VAT issues

Whilst still a small slice of the sharing economy, crowdfunding is one of the fastest growing areas of this economy and, as a financial services activity, has its own unique VAT issues. Crowdfunding u...Continued

Co-opting gig & sharing platforms as tax collectors

Tax authorities have long eyed marketplaces with frustration arising from these marketplaces having helped to create the huge gig and sharing sectors. However, this frustration is mixed with the tax a...Continued

Managing temporary COVID VAT rate cuts

Global finance ministries are introducing temporary COVID-19 Value Added Tax rate cuts – including Goods and Services and U.S. sales taxes - to boost consumer confidence as countries move from the eme...Continued

How to get VAT right in gig & sharing economies

There is an array of more practical VAT measures that are in place, or could be explored, to resolve the VAT issues around the gig and sharing economies. The shared aim of these measures would be to r...Continued

VAT – the world’s COVID tax

Value Added Tax (VAT), Goods and Services Tax (GST) and U.S. sales tax have emerged since the 2008 financial crisis as the world’s favourite taxes. There are good reasons why they have been implemente...Continued

Gig & sharing economies: millions of new entrepreneurs; billions in lost VAT

The gig and sharing economies, powered by online marketplaces, have freed millions of individuals to offer their labour and underutilised assets to businesses and consumers across the world. Mastercar...Continued