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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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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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Commission report: #EnvironmentalTaxRevenues remain stable in EU

Commission report: #EnvironmentalTaxRevenues remain stable in EU

| July 1, 2019

Environmental and energy taxes remained stable in the EU over the last decade according to a new report on taxation trends published by the Commission today, though a small change was seen in 2017 when revenues decreased to slightly less than 2.5% of GDP. Energy taxes – the main component of environmental taxes – accounted for less […]

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#BankingUnion – Parliament approves rules to reduce risks to EU banks and protect taxpayers

#BankingUnion – Parliament approves rules to reduce risks to EU banks and protect taxpayers

| April 19, 2019

 Parliament adopted a significant step towards reducing risks in the banking system and establishing the Banking Union, this week. The rules approved by Parliament and already informally agreed with member states, concern prudential requirements to make banks more resilient. This should help to boost the EU economy by increasing lending capacity and creating more liquid capital […]

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