RSSTaxation

Taxation: Commission proposes postponement of taxation rules due to #Coronavirus crisis

Taxation: Commission proposes postponement of taxation rules due to #Coronavirus crisis

| May 12, 2020

On Friday 8 May, the European Commission decided to postpone the entry into force of two EU taxation measures to take account of the difficulties that businesses and member states are facing at the moment with the coronavirus crisis. First, the Commission proposed to postpone the entry into application of the VAT e-commerce package by six […]

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#FairTaxation – EU updates list of non-co-operative #TaxJurisdictions

#FairTaxation – EU updates list of non-co-operative #TaxJurisdictions

| February 18, 2020

EU finance ministers today (18 February) updated the EU list of non-cooperative tax jurisdictions. Four countries or territories- Cayman Islands, Palau, Panama and Seychelles – have been added to the list of non-cooperative tax jurisdictions, as they failed to comply with the required standards within the deadline. These join the eight jurisdictions –American Samoa, Fiji, […]

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European Commission publishes annual overview of how #Taxation works in member states

European Commission publishes annual overview of how #Taxation works in member states

| February 3, 2020

The European Commission has published its annual report on ‘Tax Policies in the European Union: 2020 survey’ which outlines how member states’ tax systems perform in terms of fighting tax abuse, promoting sustainable investment, supporting job creation and employment, and mitigating inequalities. Today’s report also provides an overview of recent tax reforms at EU and […]

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Facing #Brexit unknowns, UK financial sector pays record taxes

Facing #Brexit unknowns, UK financial sector pays record taxes

| January 8, 2020

Britain’s financial industry paid a record near-$100 billion in taxes in the year to March, reaffirming its central role in funding the state at a time when its future prospects have been clouded by Brexit, writes Huw Jones. The £75.5 billion raised equated to one pound in 10 of all UK tax receipts, the City […]

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#CorporateTaxes – MEPs want to tackle tax avoidance by large companies

#CorporateTaxes – MEPs want to tackle tax avoidance by large companies

| December 20, 2019

    Europeans expect EU action to ensure multinationals pay fair taxes on EU soil, MEPs said during a plenary debate on 16 December. The discussion centred on international efforts led by the Organisation for Economic Co-operation and Development (OECD) to modernise corporate tax rules in line with the challenges posed by globalisation and the digital […]

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Get #Multinationals to disclose where they pay #Taxes, MEPs tell member states

Get #Multinationals to disclose where they pay #Taxes, MEPs tell member states

| October 24, 2019

MEPs today (24 October) adopted a resolution urging member states to work on long-overdue rules obliging multinationals to disclose what taxes they pay in each country. The resolution, adopted by 572 votes in favour, 42 against and 21 abstentions, urges member states to agree a position on the legislative proposal requiring public country-by-country reporting of […]

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Green light for a #PermanentTaxCommittee

Green light for a #PermanentTaxCommittee

| September 18, 2019

Co-ordinators in the Economic and Monetary Affairs committee of the European Parliament have agreed to create a permanent sub-committee on tax and financial crime. The Conference of Presidents of the Parliament will now need to approve the sub-committee and the precise mandate has yet to be agreed. The sub-committee follows on from three special committees […]

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