CFE’s Tax Top 5 – 9 AUGUST 2021

BRUSSELS | 9 AUGUST 2021 OECD’s Forum on Harmful Tax Practices Publishes Peer Reviews   The OECD/G20 Inclusive Framework on BEPS has approved peer review results of the Forum on Harmful Tax Practices, in which it reviewed preferential tax regimes and made conclusions concerning 25 different regimes. The results confirm that a harmful offshore banking regime in Australia had been [...]

CFE’s Tax Top 5 – 2 AUGUST 2021

BRUSSELS | 2 AUGUST 2021 EU Study: Minimum Tax Substance Carve-Out Will Increase Tax Competition & Decrease Taxable Revenue The EU Tax Observatory, recently established research body funded by the European Commission, published a note suggesting that a substance carve-out will increase tax competition and would allow companies to escape taxation if they have sufficient operations (assets and employees) [...]

CFE’s Tax Top 5 – 26 JULY 2021

BRUSSELS | 26 JULY 2021 EU Commission Publishes Anti-Money Laundering Legislative Package   The European Commission has now published its Anti-Money Laundering legislative package, which will upgrade the existing EU anti-money laundering legislative (AML) framework. The package consists of four proposals, namely: A Regulation establishing a new EU AML/CFT Authority; A Regulation on AML/CFT, containing directly-applicable rules, including [...]

CFE’s Tax Top 5 – 19 JULY 2021

BRUSSELS | 19 JULY 2021 EU: Landmark Climate Policy Package On 14 July, the European Commission proposed an ambitious climate policy package, encompassing multiple policy instruments to deliver on the European Green Deal Commitment to make Europe a carbon neutral continent by 2050, and to cut carbon emissions 55% by 2030. The package includes a number of instruments, [...]

CFE’s Tax Top 5 – 12 JULY 2021

BRUSSELS | 12 JULY 2021 G20 Reach Global Tax Deal in Venice   G20 Finance Minsters reached a historic agreement to establish a minimum global corporate tax rate of at least 15%, building on momentum from the recent G7 deal and the global agreement on international tax reform reached based on a two-pillar solution which allows multinational companies to pay more [...]

CFE’s Tax Top 5 – 5 JULY 2021

BRUSSELS | 5 JULY 2021 130 Countries Sign Historic Agreement on International Tax Reform 130 countries signed last week the global agreement on international tax reform, based on a two-pillar solution which allows multinational companies to pay more tax in the countries where they operate as well as a global minimum tax rate. As estimated by [...]

CFE’s Global Tax Top 10 – July 2021

BRUSSELS | JULY 2021 130 Countries Sign Historic Agreement on International Tax Reform In July, 130 countries signed the global agreement on international tax reform, based on a two-pillar solution which allows multinational companies to pay more tax in the countries where they operate as well as a global minimum tax rate. As estimated by the OECD, [...]

CFE’s Global Tax Top 10 – June 2021

BRUSSELS | JUNE 2021 G7 Reach Historic Minimum Global Corporate Taxation Rate Agreement Finance Ministers from the G7 nations of Canada, France, Germany, Italy, Japan, the UK and the US reached a landmark decision to agree standards for minimum corporate taxation rates at their meeting which took place in London from 5 to 6 June. The Ministers from [...]

CFE’s Tax Top 5 – 28 JUNE 2021

BRUSSELS | 28 JUNE 2021 Slovenia Sets Out Priorities for the EU Presidency: Mid-July Proposal on Digital Levy Republic of Slovenia is taking over the rotating presidency of the European Union on 1 July. The Slovenian Presidency of the Council will focus on a number of priority areas in the economic and taxation sphere. Particular focus is given [...]