CFE’s Tax Top 5 -11 OCTOBER 2021
BRUSSELS | 11 OCTOBER 2021 Historical Agreement on International Taxation Under OECD Auspices Following years of difficult discussions, under the auspices of the OECD and G20, 136 jurisdictions reached an agreement on global minimum tax and partial reallocation of profit to market countries, marking the most significant reform of international tax rules in history. The Statement released [...]
CFE’s Tax Top 5 – 4 OCTOBER 2021
BRUSSELS | 4 OCTOBER 2021 Withholding Taxes – New EU System to Avoid Double Taxation The European Commission has now published a Roadmap concerning a new EU system on withholding taxes, designed to avoid double taxation. The publication precedes a public consultation questionnaire which will also be launched in Q4 2021 on the Have Your Say website. [...]
CFE’s Global Tax Top 10 – October 2021
BRUSSELS | OCTOBER 2021 Historical Agreement on International Taxation Under OECD Auspices The OECD’s Forum on Tax Administration issued the Tax Administration 2021 report in September, which compares data on particular aspects of tax administration and tax systems across 59 economies, compiled in the 2020 International Survey on Revenue Administration. The report examines the data to highlight [...]
CFE’s Tax Top 5 – 27 SEPTEMBER 2021
BRUSSELS | 27 SEPTEMBER 2021 Member States Challenge Legal Basis for Public CbCR In statements issued at the EU Council’s first reading of the draft public CbCR directive, several Member states have rejected the legal basis of the legislative proposal, namely Croatia, Cyprus, the Czech Republic, Hungary, Ireland, Luxembourg, Malta and Sweden. The countries all set out in the [...]
CFE’s Tax Top 5 – 20 SEPTEMBER 2021
BRUSSELS | 20 SEPTEMBER 2021 State of the Union: EU Prioritises Global Tax Deal & Fair Taxation In the 2021 State of the Union Address, EU Commission President von der Leyen highlighted the most important current key tax priorities for the European Union. In particular, Von der Leyen noted that fair taxation was key in [...]
CFE’s Tax Top 5 – 6 SEPTEMBER 2021
BRUSSELS | 6 SEPTEMBER 2021 OECD’s International Tax Agreement to Eliminate Double Taxation In a recent interview, Pascal Saint-Amans, Director of the Center for Tax Policy and Administration said that the technical agreement being finalised by the Members of the Inclusive Framework in the Two-Pillar agreement on taxation of the digital economy and minimal global corporate [...]
CFE’s Global Tax Top 10 – September 2021
BRUSSELS | SEPTEMBER 2021 Tax Administrations Accelerate Digital Transformation The OECD’s Forum on Tax Administration issued the Tax Administration 2021 report in September, which compares data on particular aspects of tax administration and tax systems across 59 economies, compiled in the 2020 International Survey on Revenue Administration. The report examines the data to highlight key trends, innovations [...]
CFE’s Tax Top 5 – 30 AUGUST 2021
BRUSSELS | 30 AUGUST 2021 Macron Discusses Ireland’s Support for OECD’s International Tax Agreement French President Emmanuel Macron visited Ireland last week to discuss taxation and Brexit, hoping to persuade his Irish counterparts to support the OECD proposals to reform the international tax rules. Macron has publicly denied any pressure on Ireland, but the Irish government acknowledged that Irish [...]
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) [...]