Tag: CFE’s Tax Top 10

BRUSSELS AUGUST 2019 1. France & US Reach Compromise on Digital Tax Dispute at G7 Meeting At the G7 Summit taking place in Biarritz from 24 to 26 August, an agreement has reportedly been reached between the US and France concerning the recently introduced French digital tax. The French bill on digital services tax, adopted [...]

BRUSSELS JULY 2019 1. New EU Parliament, Council and Commission Presidents Elected In July, the European Council approved the nomination of former Belgian Prime Minister Charles Michel to the role of European Council President. Italian MEP David Sassoli was elected President of the European Parliament. The European Parliament also voted to appoint former German Defence [...]

BRUSSELS JUNE 2019 1. OECD Programme on Digital Taxation The OECD has published the work programme on the next steps on taxation of the digital economy. The document sets out the organisation of the OECD work for the next while as well as modified proposals for profit allocation and nexus rules that take into account [...]

BRUSSELS MAY 2019 1. EU Election Provisional Results The European Parliament has published the provisional results of the EU elections held across the European Union Member states from 23 – 26 May 2019: With the turnout at historic highs, approximately 51% of the registered EU citizens voted, making European democracy the single winner of this [...]

BRUSSELS APRIL 2019 1. India Opens Consultation on Attribution of Profits to Permanent Establishments (PEs) On 18 April India’s Central Board of Direct Taxes (CBDT) issued a public consultation (Notice F. No. 500/33/2017-FTD.I) on the proposed amendment of India’s tax rules on permanent establishment (PE) profit attribution. The consultation requests feedback on recommendations by a [...]

BRUSSELS MARCH 2019 1. OECD Public Consultation on the Taxation Challenges of the Digital Economy As part of the ongoing work of the Inclusive Framework and the Task Force on the Digital Economy, the OECD organised a public consultation on 13-14 March on the tax challenges arising from the digitalisation of the economy, with 400 [...]

BRUSSELS FEBRUARY 2019 1. Taxation of Amazon Cloud Services in the USA The revenue department of the state of Iowa, in the United States, declared that the supply of Amazon’s Simple Storage Service should be subject to tax, and told the tech giant to collect taxes retroactively as from January 1st 2019. The Declaratory Order, [...]

BRUSSELS JANUARY 2019 1. International community makes important progress on the tax challenges of digitalisation On 23-24 January, the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS) met, bringing together 264 delegates from 95 member jurisdictions and 12 observer organisations. The Countries and jurisdictions will step up efforts toward reaching a global solution [...]