Categoria: CFE’s Global Tax Top 5

BRUSSELS | 21 NOVEMBER 2022 EU Adopts Revised Code of Conduct on Business Taxation EU Finance ministers approved last week the revised Code of Conduct on Business Taxation, setting out stricter criteria for evaluation of harmful tax regimes. The revised code of conduct introduces scrutiny on ‘tax features of general application’, thus expanding the existing focus on ‘preferential measures’. Per [...]

BRUSSELS | 14 NOVEMBER 2022 28 Jurisdictions Sign Agreement on Reporting Income from Digital Platforms The plenary meeting of the OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes was held from 9 – 11 November in Seville, Spain. At the periphery of the plenary meeting, a multilateral competent authority agreement (MCAA) for the [...]

BRUSSELS | 7 NOVEMBER 2022 EU Parliament’s Draft Report on Tax-Related Revelations The European Parliament heard last week the findings of MEP Niels Fuglsang (S&D, DK) who presented in the draft report of October 2022. The draft paper discusses the “Lessons learnt from the Pandora Papers and other revelations”. Key-findings include a recommendations for EU Member states to introduce cooling-off [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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, [...]