Now that the UK parliament has passed the EU withdrawal agreement, UK employers should start to consider how they will deal with the additional social security costs and administration that may arise in respect of:- their employees working in the...
What is the issue? In HMRC’s latest Employer Bulletin, they issued guidance to employers on the social security contribution position for their UK employees who currently work in the EU, EEA and Switzerland in the event of a “no deal”...
On 29 May 2017 the European Council adopted a Directive to prevent corporate groups from exploiting the disparities between two or more tax jurisdictions, by adopting rules to close down 'hybrid mismatches' with the tax systems of third countries. Member...
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...
Agreement has been made between the EU Member States for the automatic exchange of information under the country-by-county (CbC) reporting framework. CbC reporting will require large multinational business to disclose certain financial information to tax authorities, analysing key financial information (including...
"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...
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...
Strengthening the international community’s fight against offshore tax evasion: Australia, Canada, Chile, Costa Rica, India, Indonesia and New Zealand join multilateral agreement to automatically exchange information on 4 June 2015 Today marks another significant step in our collective pursuit to...
On 27 May, the EU and Switzerland signed a historic new tax transparency agreement, which will significantly improve the fight against tax evasion. Under the agreement, both sides will automatically exchange information on the financial accounts of each other's residents...
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...
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...
Today’s blog is from Dick van Sprundel, Assistant Professor International and European Tax Law at the Erasmus University Rotterdam plus International Tax Partner Mazars Netherlands Executive Summary: Today, the European Commission published its preliminary view concluding that that the APA...
Today, the Finance Ministers from 51 countries and jurisdictions have signed a Multilateral Competent Authority Agreement on the implementation of the Global Standard for the automatic exchange of financial account information. The signature of the Multilateral Convention on Mutual Administrative...
Today, the EU Tax Commissioner Algirdas Šemeta has welcomed the package of measures to tackle international corporate tax avoidance, which was endorsed by the G20 Finance Ministers in Cairns, Australia. The Ministers agreed on a first set of recommendations to...
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