Categoria: CFE’s Global Tax Top 5

BRUSSELS | 17 FEBRUARY 2025 EU Commission 2025 Work Programme: Summary of Tax-Related Initiatives Last week, the European Commission published its 2025 Work Programme, which sets the planned initiatives of the new Commission. The European Commission’s tax-related initiatives for 2025 focus on harmonisation, digitalisation, and sustainability. President of the European Commission, Ursula von der Leyen said of the [...]

BRUSSELS | 10 FEBRUARY 2025 US Announces Withdrawal from UN International Tax Cooperation as Intergovernmental Negotiations Commence The organisational session of the Intergovernmental Negotiating Committee for the United Nations Framework Convention on International Tax Cooperation took place from 3 to 6 February 2025 at the UN Headquarters in New York. The session aimed to establish procedural rules, [...]

BRUSSELS | 3 FEBRUARY 2025 Intergovernmental Negotiations Commence on UN International Tax Cooperation The Intergovernmental Negotiating Committee to advance the Framework Convention on International Tax Cooperation of the United Nations will convene this week, with an organisational session at the United Nations Headquarters in New York taking place from 3 to 6 February 2025. At the session, [...]

BRUSSELS | 27 JANUARY 2025 Trump Issues Executive Order Withdrawing US from OECD Global Tax Deal In a suite of executive orders issued immediately following his inauguration last week on 20 January, President Trump issued a memorandum outlining his administration’s stance on the OECD’s Global Tax Deal. The Order states that the global minimum tax agreement, supported by the [...]

BRUSSELS | 20 JANUARY 2025 OECD Makes New Tools Available for Administering Global Minimum Tax  On 15 January 2025, the OECD’s Inclusive Framework on Base Erosion and Profit Shifting (BEPS) introduced new tools and guidance updates to support the administration of the Pillar 2 global minimum tax. These include a centralised record of qualified domestic rules, revisions to [...]

BRUSSELS | 13 JANUARY 2025 Negotiations on Terms of UN Framework Convention for International Tax Cooperation to Start in February 2025  The formal negotiations to draft the terms of the Framework Convention on International Tax Cooperation are set to begin with an organisational session at the United Nations Headquarters in New York from 3 to 6 February [...]

BRUSSELS | 12 DECEMBER 2022 ECJ: Certain Elements of DAC6 Incompatible with Primary EU Law The Court of Justice of the European Union found certain elements of the Directive on Administrative Cooperation to be incompatible with primary EU law, i.e. the Charter of Fundamental Rights. EU courts are empowered to invalidate secondary EU law (such as directives) [...]

BRUSSELS | 5 DECEMBER 2022 EU Seeks to Define Aggressive Tax Planning Benjamin Angel, Director in the European Commission in DG TAXUD, said on Friday that the European Commission will try to establish a legal definition of aggressive tax planning, thus providing clarity to tax professionals on the so-called ‘grey zone’ in tax planning. Whereas [...]

BRUSSELS | 28 NOVEMBER 2022 ECJ Rules Public Access to Beneficial Ownership Registry Information Invalid – Joined Cases C-37/20 & C-601/20 The European Court of Justice last week ruled in joined cases C-37/20 & C-601/20 WM and Sovim SA v Luxembourg Business Registers that a provision in Luxembourg’s national legislation implementing the EU Anti-Money Laundering Directive (Directive (EU) 2018/843) rules requiring that [...]