CFE’s Tax Top 5 – 7 FEBRUARY 2022

BRUSSELS | 7 FEBRUARY 2022 OECD Launches Public Consultation on Pillar 1 Draft Rules for Nexus & Revenue Sourcing On 4 February, the OECD launched a public consultation concerning Draft Rules for Nexus and Revenue Sourcing from the Pillar 1 solution to address the tax challenges arising from digitalisation and globalisation of the economy. This consultation concerns Amount A [...]

CFE’s Global Tax Top 10 – February 2022

BRUSSELS | FEBRUARY 2022 OECD Update on Pillar 1 & 2 Developments The OECD held a Tax Talks webinar on 21 February concerning recent and upcoming developments in the OECD’s international tax agenda, the first in almost a year, particularly focusing on updates on the two-pillar solution to tax challenges posed by the digital economy. During the introduction [...]

CFE’s Tax Top 5 – 24 JANUARY 2022

BRUSSELS | 24 JANUARY 2022 EU Finance Ministers Discuss Pillar 2 Directive, Estonia Maintains Reservations On 18 January 2022 EU Finance Ministers held their first discussions concerning the European Commission proposal for an EU directive on global minimum level of taxation for multinational groups, proposed just prior to Christmas. The French Presidency of the Council of the EU [...]

CFE’s Tax Top 5 – 23 DECEMBER 2021

BRUSSELS | 23 DECEMBER 2021 EU Commission Adopts Directive on Minimum Tax & OECD Model Rules Published The European Commission adopted yesterday the proposal for an EU directive on global minimum level of taxation for multinational groups. The directive intends to implement the OECD Pillar 2 agreement into the European Union, and will become EU law once adopted [...]

CFE’s Tax Top 5 – 6 DECEMBER 2021

BRUSSELS | 6 DECEMBER 2021 Commission Gentiloni Outlines European Commission Tax Plans for 2022 In an exchange of views with the Subcommittee on Tax Matters of the European Parliament on 30 November, Commission Gentiloni set out the upcoming tax priorities for the European Commission as it enters the second half of its mandate on 1 [...]

CFE’s Tax Top 5 – 22 NOVEMBER 2021

BRUSSELS | 22 NOVEMBER 2021 US House Approves Minimum Corporate Tax Legislation The Unites States House of Representatives approved on Friday President Biden’s Build Back Better Act (H.R. 5376), a comprehensive legislation which also includes provisions relating to the OECD global tax agreement. The bill was passed with a narrow margin in favour (220-213), with Representatives [...]