Tag: tax

#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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#Hammond warns leadership hopefuls against low tax, deregulation dogma

#Hammond warns leadership hopefuls against low tax, deregulation dogma

| May 30, 2019

British finance minister Philip Hammond will on Thursday warn those hoping to replace Prime Minister Theresa May against basing their leadership pitches on tax cuts and deregulation, a source at the finance ministry said, according to Reuters’ William James. May is due to stand down on June 7, having failed to deliver Brexit, handing over […]

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#FairTaxation – EU updates list of non-co-operative tax jurisdictions

#FairTaxation – EU updates list of non-co-operative tax jurisdictions

| March 14, 2019

EU finance ministers have updated the EU list of non-co-operative tax jurisdictions, based on an intense process of analysis and dialogue steered by the Commission. The list has proven a true success with many countries having changed their laws and tax systems to comply with international standards. Over the course of last year, the Commission […]

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#DigitalTax – ‘I believe that in 2019 we will see a different solution emerge from the OECD’ Donohoe

#DigitalTax – ‘I believe that in 2019 we will see a different solution emerge from the OECD’ Donohoe

| November 7, 2018

Following the meeting of European Finance Ministers (ECOFIN), Austrian Finance Minister Hartwig Löger said that ministers were still on track to reach a ‘political declaration’ on the EU’s proposal for a digital services tax by the December meeting of the group, writes Catherine Feore.    Löger acknowledges that there were concerns arising from the Commission’s proposal and that further […]

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Days of #TaxCuts are finished in UK, think-tank warns

Days of #TaxCuts are finished in UK, think-tank warns

| March 8, 2018

The days of tax cuts in Britain are over and the baby-boomer generation should prepare for higher wealth taxes to fund an inevitable surge in healthcare costs, the Resolution Foundation think tank said earlier this week, writes Andy Bruce. The new research showed spending on education, social security and above all health looks set to […]

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