• We are INEOS | INEOS Group

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  • United Kingdom COVID: 10,276,007 Cases and 145,140 Deaths ...

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  • How is Permanent Establishment Triggered?

     · Simply, PE is what gives a country the right to tax any corporate revenues created within their borders, based on a sufficient and continual business presence. While that may seem reasonable, the challenge for multinationals is that the definition and tests for what triggers permanent establishment differ between countries, and there is no universal standard that is .

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  • Business Connection and Permanent Establishment

    discussed below, and is analogous to the concept of a PE. In the UK, the threshold is described as the point when a foreign enterprise trades within the UK, as opposed to merely trading with the UK6. The PE concept is therefore a major contribution to international tax law and is a significant feature of bilateral tax treaties in force throughout the world. Where a tax treaty is in operation ...

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    Indonesia. Toyota Limo, a basic version of the Vios operating as a taxi in Jakarta. Nissan Cedric Diesel (Y31) was the first Silver executive taxi in Jakarta . Taxicabs began to be popular in Jakarta from the early 1970s with cars such as the Datsun 220C, Holden Torana, and Toyota Corona. Smaller cars, for example, the Toyota Corolla, and various types of Datsun, were also .

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    Ithaca acquires Marubeni's UK North Sea subsidiary Nov. 30, 2021 (Courtesy Copenhagen Infrastructure Partners) North Sea Europe NJORD Group, CIP team up for Danish North Sea energy island bid Nov. 30, 2021 (Courtesy Equinor) North Sea Europe Equinor moves to exit Corrib gas project offshore Ireland ...

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  • OECD guidance on attribution of profits to PEs leaves ...

    country where the PE is situated may not be exhausted by the arm'slength payment to the intermediary (the commissionaire or dependent agent), the net profits attributable to the PE could be positive, nil, or even negative (, a loss). Observations: Such simplifiion measuresThe limited guidance on the order of Articles 9 and 7 MTC

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     · The UK government says the first dose of a Covid vaccine has been given to half the country's adults. Health Secretary Matt Hancock says more people received a jab on Friday than on any previous ...

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  • What is Permanent Establishment and Why Does it Matter?

     · Permanent establishment (PE) is a key international tax concept which means a business can be subject to corporate income tax in a jurisdiction, even where they lack a subsidiary or legal entity there. 2. A permanent establishment is a "fixed place of business through which the business of an enterprise is wholly or partly carried on". 3. Businesses need .

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