CFE’s Tax Top 5 – 12 APRIL 2021

BRUSSELS | 12 APRIL 2021 US Proposal Increases the Prospect of OECD Digital Tax Agreement New proposals from President Biden’s administration have increased the likelihood on reaching a global solution for taxation of the digital economy, including minimum taxation. Seeking to reassert US leadership in global economic policy, Secretary of Treasury Janet Yellen set out proposals for [...]

CFE’s Tax Top 5 – 29 MARCH 2021

BRUSSELS | 29 MARCH 2021 EU Expands DAC Framework with Digital Platforms The European Union adopted an amendment to the Directive on administrative cooperation and exchange of information in the field of taxation (DAC7), expanding the mandatory reporting requirements to digital platforms. As a result, platforms doing business in the Single Market and non-EU digital platform operators will [...]

CFE’s Tax Top 5 – 22 MARCH 2021

BRUSSELS | 22 MARCH 2021 ECOFIN Discuss EU Digital Levy Plans At the informal ECOFIN meeting held on 16 March, Ministers discussed progress on agreeing a means of taxing the digitalisation of the economy at international level, and the current EU proposals to introduce a digital levy in order to introduce a EU-own revenue source to aid [...]

CFE’s Tax Top 5 – 15 MARCH 2021

BRUSSELS | 15 MARCH 2021 Public Consultation on DAC8 EU Exchange of Information on Crypto-Assets & e-Money The EU Commission has launched a public consultation questionnaire on expanding the current directive on administrative cooperation, to provide for the exchange of information in the field of taxation to include crypto-assets and e-money. The questionnaire seeks to gather information to “provide [...]

CFE’s Tax Top 5 – 8 MARCH 2021

BRUSSELS | 8 MARCH 2021 EU Commission Publishes Roadmap on Business Taxation for the 21st Century The EU Commission has published a Roadmap concerning its upcoming Communication on Business Taxation for the 21st Century, which will present the Commission’s plan for reforming EU corporate taxation to be “fit for the realities of the modern global economy”. The Roadmap [...]

CFE’s Global Tax Top 10 – March 2021

BRUSSELS | MARCH 2021 EU Commission Publishes Roadmap on Business Taxation for the 21st Century The EU Commission has published a Roadmap concerning its upcoming Communication on Business Taxation for the 21st Century, which will present the Commission’s plan for reforming EU corporate taxation to be “fit for the realities of the modern global economy”. The Roadmap identifies [...]

CFE’s Global Tax Top 10 – March 2021

BRUSSELS | MARCH 2021 EU Commission Publishes Roadmap on Business Taxation for the 21st Century The EU Commission has published a Roadmap concerning its upcoming Communication on Business Taxation for the 21st Century, which will present the Commission’s plan for reforming EU corporate taxation to be “fit for the realities of the modern global economy”. The Roadmap identifies [...]

CFE’s Tax Top 5 – 1 MARCH 2021

BRUSSELS | 1 MARCH 2021 Agreement on Digital Tax Within Reach After US Policy ‘U-Turn’ This week’s key tax policy news comes from Washington DC. The new US Secretary of Treasury Dr Janet Yellen confirmed that President Biden’s administration is ready to drop the ‘safe harbour’ requirement, a key obstacle to an international agreement on Pillar [...]

CFE’s Tax Top 5 – 22 FEBRUARY 2021

BRUSSELS | 22 FEBRUARY 2021 EU Council Updates EU Tax Blacklist The EU’s list of non-cooperative jurisdictions for taxation purposes was updated by the Council of the EU on 22 February 2021. Dominica was added to the Blacklist following on from its OECD Global Forum peer review report on transparency and exchange of information, in which its compliance rating remained partially [...]