CFE’s Global Tax Top 10 – November 2021
BRUSSELS | NOVEMBER 2021 US House Approves Minimum Corporate Tax Legislation In November, the Unites States House of Representatives approved President Biden’s Build Back Better Act (H.R. 5376), a comprehensive legislation which also includes provisions relating to the OECD global tax agreement. The bill was passed with a narrow margin in favour (220-213), with Representatives voting [...]
CFE’s Tax Top 5 – 25 OCTOBER 2021
BRUSSELS | 25 OCTOBER 2021 US, UK & EU Countries Agree Transitional Repeal of Unilateral Digital Taxes Following the agreement reached by 136 jurisdictions on global minimum corporate tax and the partial reallocation of profit to market countries, endorsed last week by G20 Finance Ministers, Austria, France, Italy, Spain and the United Kingdom have now [...]
CFE’s Tax Top 5 -18 OCTOBER 2021
BRUSSELS | 18 OCTOBER 2021 G20 Endorse International Taxation Agreement On 13 October, G20 Finance Ministers endorsed the agreement reached by 136 jurisdictions on global minimum tax and partial reallocation of profit to market countries, stating in its Communique that “This agreement will establish a more stable and fairer international tax system. We call on the OECD/G20 Inclusive Framework on BEPS [...]
CFE’s Tax Top 5 -11 OCTOBER 2021
BRUSSELS | 11 OCTOBER 2021 Historical Agreement on International Taxation Under OECD Auspices Following years of difficult discussions, under the auspices of the OECD and G20, 136 jurisdictions reached an agreement on global minimum tax and partial reallocation of profit to market countries, marking the most significant reform of international tax rules in history. The Statement released [...]
CFE’s Tax Top 5 – 4 OCTOBER 2021
BRUSSELS | 4 OCTOBER 2021 Withholding Taxes – New EU System to Avoid Double Taxation The European Commission has now published a Roadmap concerning a new EU system on withholding taxes, designed to avoid double taxation. The publication precedes a public consultation questionnaire which will also be launched in Q4 2021 on the Have Your Say website. [...]
CFE’s Global Tax Top 10 – October 2021
BRUSSELS | OCTOBER 2021 Historical Agreement on International Taxation Under OECD Auspices The OECD’s Forum on Tax Administration issued the Tax Administration 2021 report in September, which compares data on particular aspects of tax administration and tax systems across 59 economies, compiled in the 2020 International Survey on Revenue Administration. The report examines the data to highlight [...]
CFE’s Tax Top 5 – 27 SEPTEMBER 2021
BRUSSELS | 27 SEPTEMBER 2021 Member States Challenge Legal Basis for Public CbCR In statements issued at the EU Council’s first reading of the draft public CbCR directive, several Member states have rejected the legal basis of the legislative proposal, namely Croatia, Cyprus, the Czech Republic, Hungary, Ireland, Luxembourg, Malta and Sweden. The countries all set out in the [...]
In ricordo di Enrico Fazzini
In ricordo di Enrico Fazzini Enrico Fazzini, nato a Firenze il 15 settembre 1944, ci ha lasciati il 31 luglio 2021. Quale professore di ruolo, ha insegnato per molti anni diritto tributario nella Facoltà di Economia e, da ultimo, nel Dipartimento di Scienze per l’Economia e l’Impresa dell’Università di Firenze, concorrendo alla formazione di buona [...]
CFE’s Tax Top 5 – 20 SEPTEMBER 2021
BRUSSELS | 20 SEPTEMBER 2021 State of the Union: EU Prioritises Global Tax Deal & Fair Taxation In the 2021 State of the Union Address, EU Commission President von der Leyen highlighted the most important current key tax priorities for the European Union. In particular, Von der Leyen noted that fair taxation was key in [...]
CFE’s Tax Top 5 – 6 SEPTEMBER 2021
BRUSSELS | 6 SEPTEMBER 2021 OECD’s International Tax Agreement to Eliminate Double Taxation In a recent interview, Pascal Saint-Amans, Director of the Center for Tax Policy and Administration said that the technical agreement being finalised by the Members of the Inclusive Framework in the Two-Pillar agreement on taxation of the digital economy and minimal global corporate [...]