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 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 [...]
CFE’s Tax Top 5 -18 JULY 2022
BRUSSELS | 18 JULY 2022 Czech EU Presidency Aims for October Adoption of Pillar 2 Directive Speaking in the European Parliament, Zbyněk Stanjura, the Czech Finance Minister confirmed work on ironing out any remaining differences among member states will be intensified come autumn, with a view of reaching a uninamous EU deal by the 4 [...]
CFE’s Tax Top 5 – 11 JULY 2022
BRUSSELS | 11 JULY 2022 EU Commission Launches Consultation on Improving Tax Intermediaries Regulatory Framework The EU Commission has now launched its highly anticipated public consultation on the policy options being considered to improve tax intermediaries’ regulatory framework, for a legislative proposal referred to in the consultation document as “SAFE”, a proposal to tackle the role of enablers that [...]
CFE’s Tax Top 5 – 4 JULY 2022
BRUSSELS | 4 JULY 2022 EU Commission Publishes Annual Report on Taxation 2022 The EU Commission has published its Annual Report on Taxation 2022, which assesses the performance of the tax systems and tax policies of the individual Member States and across the EU as a whole. The report sets out that the coronavirus crisis led to [...]
CFE’s Tax Top 5 – 27 JUNE 2022
BRUSSELS | 27 JUNE 2022 CFE Opinion Statement on Introducing a Common EU-wide System for Withholding Taxes The CFE has issued an Opinion Statement in relation to the European Commission’s public consultation on introducing an EU-wide system on withholding taxes. The CFE Tax Advisers Europe is supportive of the initiative to introduce an EU-wide system for relief at [...]
CFE’s Tax Top 5 – 20 JUNE 2022
BRUSSELS | 20 JUNE 2022 Professional Regulation of Tax Advisers in the EU: Commission Consultation to be Launched in July/h3> The European Commission will not propose amendments to the existing rules on professional regulation of tax advisers, according to reports from various events and meetings held last week. Due to the complexity and diversity of [...]
CFE’s Tax Top 5 – 13 JUNE 2022
BRUSSELS | 13 JUNE 2022 ECOFIN to Vote on Minimum Tax Directive Finance Ministers from the Council of the European Union will this week again vote on the directive on the implementation of Pillar 2 into the EU legal order. Poland’s Finance minister Magdalena Rzeczkowska maintained veto over the compromise directive as agreed by the rest of the [...]