The outlook for global tax policy and controversy in 2021: Jurisdiction reports Contents Argentina Kazakhstan Australia South Korea Austria Kuwait Bahrain Luxembourg Belgium Malaysia Brazil Mexico Canada Netherlands Chile New Zealand China Mainland Nicaragua Colombia Norway Costa Rica Oman Croatia Panama Cyprus Peru Czech Republic Philippines Denmark Poland Dominican Republic Portugal El Salvador Qatar Egypt Russia Estonia Saudi Arabia Finland Singapore France Slovakia Germany Slovenia Greece South Africa Guatemala Spain Honduras Switzerland Hong Kong Taiwan Hungary Thailand India Turkey Indonesia UAE Iraq Ukraine Ireland United Kingdom Israel United States Italy Vietnam Japan Glossary Jordan 2 | 2021 Tax Policy and Controversy Outlook 2021 Tax Policy and Controversy Outlook | 3 Section 2: Tax policy in 2021 2.1 Key drivers of tax policy change The government seeks fiscal sustainability but at a pace • Online☒ betting tax rate increase that allows the country to recover and sustain that recovery. • VAT☒ and import duty exemption on vaccines and disposables To achieve that, those who foster economic growth, recovery imported by the Ministry of Health Argentina • Return to Contents and exports will receive advantages. Some proposed measures for 2021 include: • Discussions☒ about a new wealth tax on high net worth individuals • Excise☒ taxes increase on electronic products EY key contacts Section 1: Tax rates (2020–2021) 2.2 Tax changes in 2021 Tax policy Tax types Likelihood of changes in 2021 Direction of change Ariel Becher 1.1 Key tax rates
[email protected] 1. Overall corporate income tax Change already proposed or known for 2021☒ Lower in 2021 ☒ 2020 2021 % change responsibility +54 11 4318 1686 Change possible or somewhat likely in 2021 ☒ Same in 2021 ☒ Corporate income 30% 25% (*) -17% No changes expected in 2021 Higher in 2021 tax — top rate Tax controversy (Please list top 2.