The European Commission (EC) has announced two initiatives: A new tax package for fair and simple taxation. This consists of three elements:Action Plan of 25 initiatives for fair and simple taxation supporting the recovery;A revision of the directive on administrative...
On 27 March 2019 the European Parliament adopted the proposal for a Directive on public CBCR reporting and proposed some amendments. This will require the European Parliament and European Commission to agree the text to take forward. The progress of...
A European Commission (EC) press release announced its conclusion that the UK CFC (controlled foreign company) finance exemption was partly justified, but also provided illegal state aid to some multinational companies. On the assumption the UK accepts the EC decision,...
Following the European Parliament’s approval of tax measures taking account of digital business activity, the EC has released its proposals today for taxing digital business with the stated aim of ensuring that those businesses pay their ‘fair share of tax’. ...
This blog post focuses on the EU Commission’s final decision in the formal State aid investigation into the profit attribution arrangements and corporate taxation of Apple in Ireland, and details the reaction from Ireland, Apple and the US. The Apple’s...
It is not a question anymore whether the EU is a strong player at the tax policy field. The question is how strong… In the course of 2016, we expect a series of legislative and non- legislative initiatives to reshape...
"Is the taxation a poisoned chalice?" That is what many told to Commissionaire Pierre Moscovici when he found out that President Juncker had given him the taxation portfolio. In the last eighteen months, the European Commission’s and OECD’s strong commitment...
On 5 October, the OECD has issued the Final Reports on the BEPS 15 Action points and it is expected that the G20 Finance Ministers will discuss and endorse the Reports and the recommended changes at their meeting on 8...
The European Commission presented an Action Plan to fundamentally reform corporate taxation in the EU on 17 June 2015. The Action Plan sets out a series of initiatives to tackle tax avoidance, secure sustainable revenues and strengthen the Single Market...
Commissioner Moscovici highlighted the re-launch of a debate on the Common Consolidated Corporate Tax Base (CCCTB) on 29 April as a part of the EU Commission’s Action Plan. This Action Plan will build on 5 key actions, starting with the relaunch...
This blog post focuses on the Tax Rulings as a central element of the new EU Tax Transparency Package. Through the following questions and answers the myth around the proposal will disappear. The legislative proposal will improve cooperation between Member States in terms...
The European Tax landscape has dramatically changed in last few months. The Luxembourg tax leaks and the European Commission’s state aid investigations into tax rulings issued by Ireland, Luxembourg and the Netherlands have created huge amounts of press coverage over...
Pierre Moscovici, Commissioner for Economic and Financial Affairs, Taxation and Customs, endorsed the European Commission’s work on Tax Transparency Package, launched on 18 February. He went further and stated "It is time for a new era of openness between tax...
On 27 January, the European Council for Financial and Economic Affairs (ECOFIN) had adopted the proposal to include a general anti-abuse provision in the European Union Parent-Subsidiary Directive (recast) (2011). As a follow-up to the Action Plan against tax evasion...
On 16 January 2015, the European Commission published a non-confidential version of a decision taken on 7 October 2014 to open an in-depth investigation into transfer pricing arrangements on corporate taxation of Amazon in Luxembourg. The EU Commission’s preliminary view...
Summary Article 29a of the General Tax Code on the Advance Tax Rulings and Advance Ruling Committee entered into force on 1 January 2015 in Luxembourg; Luxembourg endorsed the EU Commission’s plan to present a draft directive on mandatory automatic...
State aid: European Commission extends information enquiry on tax rulings practice to all Member States - IP/14/2742 On 17 December, the Commission has enlarged the enquiry into the tax ruling practice under EU state aid rules to cover all Member...
Analysis of cases T-219/10 Autogrill España SA v Commission and T-399/11 Banco Santander SA and Santusa Holding SL v Commission Summary On 7 November, the General Court of the European Union annuls the European Commission decisions (2009 and 2011) over...
The European Commission opened an in-depth investigation on 7 October 2014 to examine whether the decision by Luxembourg’s tax authorities with regard to the corporate income tax to be paid by Amazon in Luxembourg comply with the EU rules on state...
State aid: Commission investigates transfer pricing arrangements on corporate taxation of Amazon in Luxembourg Today, the European Commission announced that it has opened an in-depth investigation to examine whether the decision by Luxembourg's tax authorities with regard to the corporate...
State aid: Commission extends in-depth investigation into Gibraltar corporate tax regime to include tax rulings practice The European Commission has a busy agenda in this autumn. On 1 October 2014, the Commission announced that it extended the scope of an...
State aid: European Commission publishes non-confidential versions of decisions to open investigations into transfer pricing arrangements on corporate taxation of Apple (Ireland) and Fiat Finance and Trade (Luxembourg) On 30 September 2014 the European Commission has published non-confidential versions of...
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