EU List of non-cooperative jurisdictions updated

The ECOFIN Council has updated the list of non-cooperative jurisdictions, adding Antigua and Barbuda, Belize and Seychelles. At the same time, three of the jurisdictions which were added to the list in February 2023 (See MIT News 15 February 2023) were removed from the list:...

DAC 8 approved – Crypto Assets and Advance Tax Rulings for wealthy individuals

At the meeting of 17 October 2023 the ECOFIN Council has adopted amendments to the Directive on administrative cooperation in the area of taxation around the reporting and automatic exchange of information relating to transactions in crypto-assets and on advance tax rulings for high-net-worth individuals. See the...

Proposal for Head Office Tax system for SMEs

The European Commission has released a proposed Directive which introduces the concept of Head Office Taxation, giving SMEs operating cross-border through permanent establishments the option to interact with only one tax administration instead of having to comply with multiple tax systems. In terms of this...

CFE Tax Top 5 (18 September 2023)

This week's edition of the CFE Tax Top 5 looks at the following: EU Publishes BEFIT & Transfer-Pricing Directive Proposals CFE Professional Affairs Conference: “Tax Adviser 2030: Evolution or Revolution for Tax Practice, Policy and Administration?” CFE Opinion Statement on the EU Commission FASTER Withholding...

BEFIT Directive proposal published

Earlier today, 12 September 2023, the European Commission adopted a package of initiatives intended to reduce tax  compliance costs for large, cross-border businesses in the EU. The Proposal for a Council Directive on Business in Europe: Framework for Income Taxation (BEFIT) establishes a common set of rules...

CFE Tax Top 5 (4 September 2023)

This week's edition of the CFE Tax Top 5 looks at the following: United Nations Assert Greater Role In International Tax Affairs CFE Professional Affairs Conference: “Tax Adviser 2030: Evolution or Revolution for Tax Practice, Policy and Administration?” OECD Working Paper on Taxation of Labour...

CFE Tax Top 5 (7 August 23)

This week's edition of the CFE Tax Top 5 looks at the following: EU Parliament Subcommittee on Tax Matters’ Fact Finding Mission in Singapore CFE Professional Affairs Conference: “Tax Adviser 2030: Evolution or Revolution for Tax Practice, Policy and Administration?” OECD Guidance on Mitigating Illicit...

CFE Tax Top 5 (24 July 2023)

This week's edition of the CFE Tax Top 5 looks at the following: OECD Tax Report to G20 Finance Ministers EU Parliament Subcommittee on Tax Matters Hearing on the Role of Enablers in Tax Evasion CFE Professional Affairs Conference: “Tax Adviser 2030: Evolution or Revolution...

CFE Tax Top 5 (3 July 2023)

This week's edition of the CFGE Tax Top 5 looks at the following: European Commission Publishes Progress Report on Pillar 1 EU Consultation on Carbon Border Adjustment Mechanism Reporting Obligations EESC Hearing: Possible Solutions to Taxation of Cross-Border Teleworkers – 4 July 2023 OECD Launches New...