EU Consultation on a new corporate tax framework (BEFIT)

In its communication Business Taxation for the 21st Century (See MIT News 19 May 2021), the Commission announced that a proposal for a new corporate tax system will be put forward by 2023. This objective of this proposal, known as ‘Business in Europe: Framework for...

ECOFIN updates list of non-cooperative jurisdictions

Anguilla, Bahamas and Turks and Caicos have been added to the EU list of non-cooperative jurisdictions for tax purposes, on the basis of their failure to enforce the economic substance requirements that apply to zero tax jurisdictions. Source: taxation-customs.ec.europa.eu...

CFE Tax Top 5 (3 Oct 2022)

This week's edition of the CFE Tax Top 5 looks at the following:   CFE Elects New President & Executive Board EU Approves Windfall Energy Profits Tax EU Parliament FISC Subcommittee to Discuss Netherlands/ Luxembourg National Tax Policies Czech Chamber of Tax Advisers & IFA Address...

14th Meeting of the OECD/G20 Inclusive Framework on BEPS

The 14th Meeting of the OECD/G20 Inclusive Framework on BEPS will be held on the 6th and 7th October 2022 with certain sessions of the plenary meeting being made available for the public to watch online on the afternoon of Thursday 6 October. Click here for further...

CFE Tax Top 5 (19 September 2022)

This week's edition of the CFE Tax Top 5 looks at the following: State of the Union: EU Commission Plans to Introduce Windfall Tax on Energy Companies EU Commission to Launch BEFIT Consultation & Proposal OECD: Action 14 Tax Dispute Resolution Stage 2 Peer Reviews...

CFE Tax Top 5 (12 September 2022)

This week's edition of the CFE Tax Top 5 looks at the following: CFE President Addresses EU Finance Ministers at Informal ECOFIN Meeting in Prague EU Pillar II Implementation: Certain Member States to Proceed Unilaterally OECD: Tax Morale II – Building Trust Between Tax Administrations...

CFE Tax Top 5 (5 Sept 22)

This week's edition of the CFE Tax Top 5 looks at the following: USA & Pillar 2: A Minimum Tax But Not the OECD Minimum Tax Pascal Saint-Amans to Step Down as Director of the OECD Centre for Tax Policy and Administration EU Commission President...

CFE Opinion Statement on DEBRA

CFE Tax Advisers Europe has issued an Opinion Statement on the European Commission Proposal for a Council Directive on debt-equity bias reduction allowance and on limiting the deductibility of interest for corporate income tax purposes (“DEBRA”). Click here to view the Opinion Statement....