CFE’s Tax Top 5 – 17 OCTOBER 2022

BRUSSELS | 17 OCTOBER 2022 EU Commission Publishes BEFIT Call for Evidence The European Commission has last week published a call for evidence on establishing a new corporate income taxation framework in Europe (BEFIT), setting out the policy context and the key objectives of the initiative. This consultation follows on the discussions organised by the European Commission [...]

CFE’s Tax Top 5 – 10 OCTOBER 2022

BRUSSELS | 10 OCTOBER 2022 OECD Presents New Crypto-Assets Transparency Framework The OECD has today published its Crypto-Asset Reporting Framework (“CARF”), following on from the public consultation process which took place in Spring 2022. CFE at the time issued an Opinion Statement setting out its reservations and views on the proposed Framework. The CARF will provide for annual automatic exchange of information [...]

CFE’s Tax Top 5 – 19 SEPTEMBER 2022

BRUSSELS | 19 SEPTEMBER 2022 State of the Union: EU Commission Plans to Introduce Windfall Tax on Energy Companies On 14 September, EU Commission President von der Leyen delivered her State of the Union address. During her speech, she set out a range of measures being planned by the EU Commission to address soaring energy prices currently impacting the [...]

CFE’s Tax Top 5 – 12 SEPTEMBER 2022

BRUSSELS | 12 SEPTEMBER 2022 CFE President Addresses EU Finance Ministers at Informal ECOFIN Meeting in Prague President of CFE Tax Advisers Europe, Mr Piergiorgio Valente, and CFE’s Director of Tax Policy, Mr Aleksandar Ivanovski, attended an informal meeting of the ECOFIN Council in Prague, 10 September 2022, after being invited to address the Council [...]

CFE’s Tax Top 5 – 5 SEPTEMBER 2022

BRUSSELS | 5 SEPTEMBER 2022 USA & Pillar 2: A Minimum Tax But Not the OECD Minimum Tax Over the summer, after many months of negotiation, US Congress passed legislation titled the Inflation Reduction Act 2022, under which a 15% corporate minimum tax is imposed on corporations with profits exceeding US 1 billion, in tax years from 2023 onwards, [...]

CFE’s Global Tax Top 10 – September 2022

BRUSSELS | SEPTEMBER 2022 CFE President Addresses EU Finance Ministers at Informal ECOFIN Meeting in Prague The President of CFE Tax Advisers Europe, Mr Piergiorgio Valente, and CFE’s Director of Tax Policy, Mr Aleksandar Ivanovski, attended an informal meeting of the ECOFIN Council in Prague, 10 September 2022, after being invited to address the Council of the European Union on [...]

CFE’s Tax Top 5 – 25 JULY 2022

BRUSSELS | 25 JULY 2022 EU Commission Launches Public Consultation on Revision of the EU Customs Code The European Commission has launched a consultation which will feed into a planned legislative proposal, anticipated to be published in Q4 of 2022, to revise the EU Customs Code. The legislation will aim to address challenges posed by the rise of [...]

CFE’s Tax Top 5 -18 JULY 2022

BRUSSELS | 18 JULY 2022 Czech EU Presidency Aims for October Adoption of Pillar 2 Directive Speaking in the European Parliament, Zbyněk Stanjura, the Czech Finance Minister confirmed work on ironing out any remaining differences among member states will be intensified come autumn, with a view of reaching a uninamous EU deal by the 4 [...]

CFE’s Tax Top 5 – 11 JULY 2022

BRUSSELS | 11 JULY 2022 EU Commission Launches Consultation on Improving Tax Intermediaries Regulatory Framework The EU Commission has now launched its highly anticipated public consultation on the policy options being considered to improve tax intermediaries’ regulatory framework, for a legislative proposal referred to in the consultation document as “SAFE”, a proposal to tackle the role of enablers that [...]