Tag: CFE’s Tax Top 5

BRUSSELS I 27 JULY 2020 European Leaders Agree EU Recovery Plan & 2021- 2027 Budget European Leaders Agree EU Recovery Plan & 2021- 2027 Budget At the Special European Council meeting which took place from 17 – 21 July, EU leaders reached an historic agreement after marathon negotiations on the EU recovery package proposal to [...]

BRUSSELS I 20 JULY 2020 European Commission Unveils New Tax Package The European Commission has now published its Tax Package for “fair and simple taxation”, designed to address issues experienced in EU taxation arising in the course of “a ‘taxpayer's journey': from registering your business, to reporting, payment, verification, dealing with disputes.” The Tax Package [...]

European Tax Professionals Call for Better Tax Governance: Joint statement of CFE Tax Advisers Europe and Accountancy Europe Ahead of the European Commission Anti-fraud tax package, Accountancy Europe and CFE Tax Advisers Europe, leading European associations for tax professionals, highlight three areas for policymakers in which the current tax system could be improved whilst longer term [...]

BRUSSELS I 06 JULY 2020 EU Prolongs State Aid Framework The European Commission has prolonged the application of State Aid rules which were set to expire at the end of 2020, in order to minimise the economic impact of the COVID-19 outbreak on companies. Many of the rules have been prolonged by one year, in [...]

DAC6 Optional Deferral Enters Into Force The proposal as agreed by Member States in early June to defer deadlines for exchange of information under the administrative cooperation directive as a result of the coronavirus crisis has now been published in the Official Journal of the European Union and has entered into force.   The Directive [...]

BRUSSELS 17 FEBRUARY 2020 OECD Release Digital Tax Economic Analysis In a webcast streamed on 13 February 2020, the OECD released details of an economic analysis and impact assessment concerning the Pillar 1 and Pillar 2 proposals for taxation of the digital economy being negotiated by the Inclusive Framework on BEPS. The preliminary findings of [...]

BRUSSELS 3 FEBRUARY 2020 OECD Inclusive Framework Renew Commitment to Finding Digital Tax Solution On 31 January, the OECD Inclusive Framework published a Statement and held a Tax Talks Webcast concerning progress on its two-pillar approach to address the taxation challenges of the digital economy. In the statement, the Inclusive Framework reaffirms its commitment to [...]

BRUSSELS 11 DECEMBER 2019 US Letter Threatens to Upend OECD Digital Tax Discussions In a letter to the OECD dated 3 December US Treasury Secretary, Steven Mnuchin stated that the US has “serious concerns regarding potential mandatory departures from arm’s- length transfer pricing and taxable nexus standards—longstanding pillars of the international tax system upon which [...]

BRUSSELS 2 DECEMBER 2019 New EU Commission Takes Office on 1 December The newly elected European Commission / College of Commissioner led by President Ursula von der Leyen took over from Jean Claude Juncker over the weekend becoming the first woman to lead the EU ‘government’. With the first gender-balanced Cabinet, von der Leyen promised [...]

BRUSSELS 25 NOVEMBER 2019 OECD Meeting on Pillar One: Stakeholders’ Input on the OECD Secretariat Proposals A public consultation took place at the OECD in Paris on 21 November, with 450 stakeholders in attendance, 300 of which submitted written responses to the OECD Secretariat proposal on the unified approach. Pascal Saint-Amans, Director of the OECD [...]