The European Commission has published an inception impact assessment on the initiative to reduce the debt- equity tax bias in the EU. This initiative, which was announced as part of the corporate tax reform proposal in the recent Communication for Business Taxation of the 21 Century (See MIT...
The EU Commission has adopted an amendment to Implementing Regulation (EU) 2020/194 as regards the exchange of records held by taxable persons or their intermediaries and the designation of competent authorities responsible for coordinating administrative enquiries. The amendments, which concern rules for the exchange of records...
This week's edition of the CFE Tax Top 5 looks at the following: G7 Reach Historic Minimum Global Corporate Taxation Rate Agreement EU Council & Parliament Reach Provisional Compromise on CbCR Public Disclosure EU Launch Consultation on Fighting the Use of Shell Entities for Tax...
At their meeting of 5 - 6 June, Finance Ministers and Central Bank Governors of the G7 confirmed their support of the efforts underway through the G20/OECD Inclusive Framework to address the tax challenges arising from globalisation and the digitalisation of the economy and of the...
The European Commission has launched a public consultation on fighting the use of shell entities for tax purposes. The consultation closes on 27 August 2021. HAVE YOUR SAY - Click here to submit your feedback....
With effect from 1 July 2021, with the entry into effect of the so-called VAT e-Commerce package, businesses can use the Import One Stop Shop (IOSS) to comply with their VAT e-commerce obligations on distance sales of goods imported from third countries or third territories...
The changes to the VAT rules for e-commerce enter into effect on 1 July 2021. They include a new One Stop Shop, a new Import One Stop Shop, new rules for Distance Sales of goods, and other changes. Are you up to date on the...
On 18 May 2021 the Commission published a recommendation on the tax treatment of losses during the COVID-19 crisis. The commission is recommending that Member States should allow loss carry back for businesses to at least the previous fiscal year, i.e. at least 2019, and...
This week's edition of the CFE Tax Top 5 looks at the following: EU Sets Out New Corporate Tax Reform Proposals The EU Tax Observatory Launches at 1 June US Senate Reservations on Biden’s Tax Proposals EU Parliament Members Discuss Intra-EU Harmful Tax Competition Tax...
