CFE’s Global Tax Top 10 – November 2022
BRUSSELS | NOVEMBER 2022 G20 Summit Leaders’ Declaration on OECD’s Two-Pillar Solution Following on from the 17th G20 Summit, which was held in Indonesia from 15 – 16 November, the leaders issued a G20 Bali Leaders’ Declaration reaffirming international commitment to the implementation of the OECD Inclusive Framework’s Two-Pillar Solution to Address the Tax Challenges Arising from the [...]
CFE’s Tax Top 5 – 24 OCTOBER 2022
BRUSSELS | 24 OCTOBER 2022 EU Parliament’s FISC: Reform of Corporate Taxation & Lessons Learned from the Pandora Papers The European Parliament’s Permanent Subcommittee on Tax Matters, FISC, will meet this week on 27 October. At the meeting, MEPs who make up the members of FISC will hold a public hearing on what is next for reform of corporate [...]
CFE’s Tax Top 5 – 17 OCTOBER 2022
BRUSSELS | 17 OCTOBER 2022 EU Commission Publishes BEFIT Call for Evidence The European Commission has last week published a call for evidence on establishing a new corporate income taxation framework in Europe (BEFIT), setting out the policy context and the key objectives of the initiative. This consultation follows on the discussions organised by the European Commission [...]
CFE’s Tax Top 5 – 10 OCTOBER 2022
BRUSSELS | 10 OCTOBER 2022 OECD Presents New Crypto-Assets Transparency Framework The OECD has today published its Crypto-Asset Reporting Framework (“CARF”), following on from the public consultation process which took place in Spring 2022. CFE at the time issued an Opinion Statement setting out its reservations and views on the proposed Framework. The CARF will provide for annual automatic exchange of information [...]
CFE’s Tax Top 5 – 3 OCTOBER 2022
BRUSSELS | 3 OCTOBER 2022 CFE Elects New President & Executive Board The General Assembly of CFE Tax Advisers Europe, CFE’s governing body, elected new President and Executive Board Members at its meeting held in Seville, Spain on 23 September. The new Executive Board will take up their duties on 1 January 2023, with a [...]
CFE’s Tax Top 5 – 19 SEPTEMBER 2022
BRUSSELS | 19 SEPTEMBER 2022 State of the Union: EU Commission Plans to Introduce Windfall Tax on Energy Companies On 14 September, EU Commission President von der Leyen delivered her State of the Union address. During her speech, she set out a range of measures being planned by the EU Commission to address soaring energy prices currently impacting the [...]
CFE’s Tax Top 5 – 12 SEPTEMBER 2022
BRUSSELS | 12 SEPTEMBER 2022 CFE President Addresses EU Finance Ministers at Informal ECOFIN Meeting in Prague President of CFE Tax Advisers Europe, Mr Piergiorgio Valente, and CFE’s Director of Tax Policy, Mr Aleksandar Ivanovski, attended an informal meeting of the ECOFIN Council in Prague, 10 September 2022, after being invited to address the Council [...]
CFE’s Tax Top 5 – 5 SEPTEMBER 2022
BRUSSELS | 5 SEPTEMBER 2022 USA & Pillar 2: A Minimum Tax But Not the OECD Minimum Tax Over the summer, after many months of negotiation, US Congress passed legislation titled the Inflation Reduction Act 2022, under which a 15% corporate minimum tax is imposed on corporations with profits exceeding US 1 billion, in tax years from 2023 onwards, [...]
CFE’s Global Tax Top 10 – September 2022
BRUSSELS | SEPTEMBER 2022 CFE President Addresses EU Finance Ministers at Informal ECOFIN Meeting in Prague The President of CFE Tax Advisers Europe, Mr Piergiorgio Valente, and CFE’s Director of Tax Policy, Mr Aleksandar Ivanovski, attended an informal meeting of the ECOFIN Council in Prague, 10 September 2022, after being invited to address the Council of the European Union on [...]
CFE’s Tax Top 5 – 25 JULY 2022
BRUSSELS | 25 JULY 2022 EU Commission Launches Public Consultation on Revision of the EU Customs Code The European Commission has launched a consultation which will feed into a planned legislative proposal, anticipated to be published in Q4 of 2022, to revise the EU Customs Code. The legislation will aim to address challenges posed by the rise of [...]