CFE’s Tax Top10- August 2019

BRUSSELS AUGUST 2019 1. France & US Reach Compromise on Digital Tax Dispute at G7 Meeting At the G7 Summit taking place in Biarritz from 24 to 26 August, an agreement has reportedly been reached between the US and France concerning the recently introduced French digital tax. The French bill on digital services tax, adopted [...]

CFE’s Tax Top 5 – 29 July 2019

BRUSSELS I 29 Juy 2019 Commission Adopts New Anti-Money Laundering Risk Assessment Reports The European Commission has adopted four reports concerning the monitoring and implementation of EU anti-money laundering and countering terrorism financing rules. The reports include: the 2019 Supranational Risk Assessment report; a Financial Intelligence Units assessment report; an assessment report of recent money [...]

CFE’s Tax Top 5 – 15 July 2019

BRUSSELS I 15 Juy 2019 EU Council Approves 2019 European Semester Recommendations The European Council has published its recommendations for Member States’ economic and fiscal policies arising from the 2019 European Semester Reports policy monitoring process. The European Semester Reports were published in March, which set out the expectation that the European economy will continue [...]

CFE’s Tax Top10- July 2019

BRUSSELS JULY 2019 1. New EU Parliament, Council and Commission Presidents Elected In July, the European Council approved the nomination of former Belgian Prime Minister Charles Michel to the role of European Council President. Italian MEP David Sassoli was elected President of the European Parliament. The European Parliament also voted to appoint former German Defence [...]

CFE’s Tax Top 5 – 1 July 2019

BRUSSELS I 1 July 2019 EU Tax Dispute Resolution Directive Enters Into Force The Council Directive on tax dispute resolution mechanisms in the European Union entered into force today 1 July. It shall apply to complaints submitted from 1 July 2019 onwards on disputes relating to income or capital concerning the tax year commencing on [...]

CFE’s Tax Top10- June 2019

BRUSSELS JUNE 2019 1. OECD Programme on Digital Taxation The OECD has published the work programme on the next steps on taxation of the digital economy. The document sets out the organisation of the OECD work for the next while as well as modified proposals for profit allocation and nexus rules that take into account [...]

CFE’s Tax Top10- May 2019

BRUSSELS MAY 2019 1. EU Election Provisional Results The European Parliament has published the provisional results of the EU elections held across the European Union Member states from 23 – 26 May 2019: With the turnout at historic highs, approximately 51% of the registered EU citizens voted, making European democracy the single winner of this [...]

CFE’s Tax Top10- April 2019

BRUSSELS APRIL 2019 1. India Opens Consultation on Attribution of Profits to Permanent Establishments (PEs) On 18 April India’s Central Board of Direct Taxes (CBDT) issued a public consultation (Notice F. No. 500/33/2017-FTD.I) on the proposed amendment of India’s tax rules on permanent establishment (PE) profit attribution. The consultation requests feedback on recommendations by a [...]