Tag: CFE’s Tax Top 10

BRUSSELS | DECEMBER 2022 EU Adopts Minimum Tax Directive The European Union formally adopted the directive on minimum taxation of multinational groups, after Poland granted its consent in the formal written procedure on 15 December and Hungary agreed to support the Commission proposal on 12 December, under auspices of the Czech Presidency of the EU. As such, [...]

BRUSSELS | NOVEMBER 2022 G20 Summit Leaders’ Declaration on OECD’s Two-Pillar Solution Following on from the 17th G20 Summit, which was held in Indonesia from 15 – 16 November, the leaders issued a G20 Bali Leaders’ Declaration reaffirming international commitment to the implementation of the OECD Inclusive Framework’s Two-Pillar Solution to Address the Tax Challenges Arising from the [...]

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 [...]

BRUSSELS | 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 [...]

BRUSSELS | JUNE 2022 Pillar 2 Directive: EU Fails to Reach Agreement on Minimum Tax Directive EU Finance Ministers were unable to agree reach political agreement on the EU Commission proposal for a directive on minimum tax on the implementation of Pillar 2 into the EU legal order in June prior to the end of France’s [...]

BRUSSELS | MARCH 2022 Pillar 2 Directive: Poland and Estonia Maintain Veto Ahead of ECOFIN Council Meeting EU Finance Ministers met on 15 March at the Council of the EU’s Economic and Financial Affairs Council configuration. At the meeting, significant progress was made in relation to the EU Directive on the implementation of the OECD’s [...]

BRUSSELS | FEBRUARY 2022 OECD Update on Pillar 1 & 2 Developments The OECD held a Tax Talks webinar on 21 February concerning recent and upcoming developments in the OECD’s international tax agenda, the first in almost a year, particularly focusing on updates on the two-pillar solution to tax challenges posed by the digital economy. During the introduction [...]

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 [...]

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 [...]

BRUSSELS | SEPTEMBER 2021 Tax Administrations Accelerate Digital Transformation   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 key trends, innovations [...]