Member States agree on Anti Tax Avoidance Package

  • By A&S
  • June 21, 2016
  • News

On June 21, 2016, the Member States of the European Union agreed on their general approach for far-reaching new rules to eliminate the most common corporate tax avoidance practices, also known as the Anti Tax Avoidance Package. First proposed by the European Commission in January 2016, the measures in…

read more

European Commission publishes working paper on State aid and tax rulings

  • By A&S
  • June 5, 2016
  • News

On June 3, 2016, the European Commission (EC) published a working paper on State aid and tax rulings. Prepared as an internal working paper and to provide background to the High Level Forum on State Aid (held on the same day), the working paper provides a brief summary on…

read more

European commission proposes public country-by-country tax transparency rules for multinationals

  • By A&S
  • April 12, 2016
  • News

On April 12, 2016, the European Commission (the Commission) introduced a proposal to amend the Accounting Directive (Directive 2013/34/EU) in order to create public country-by-country tax transparency rules for multinational enterprises operating in the EU. Supplementing other proposals to introduce sharing of information between tax authorities, the new rules…

read more

European Commission presents measures to modernize VAT

  • By A&S
  • April 8, 2016
  • News

On April 7, 2016, the European Commission (the Commission) presented an Action Plan setting out ways to reboot the current EU VAT system to make it simpler, more fraud-proof and business-friendly. According to the related press release, the Action Plan sets out a pathway to modernise the current EU VAT…

read more

European Commission presents Anti Tax Avoidance Package

  • By A&S
  • January 28, 2016
  • News

On January 28, 2016, the European Commission (the Commission) presented the Anti Tax Avoidance Package (the Package), containing concrete measures to “prevent aggressive tax planning, boost tax transparency and create a level playing field for all businesses in the European Union”. The Anti Tax Avoidance Package contains a number…

read more

European Commission adopts decisions requiring Belgium, France and the Netherlands to tax their seaports

  • By A&S
  • January 21, 2016
  • News

The European Commission (EC) has adopted three decisions regarding the taxation of seaports in Belgium (SA:38393), France (SA:38398) and the Netherlands (SA:25338). The EC press release regarding state aid and the revised General Block Exemption Regulation (GBER) can be found here. The Netherlands Although the Netherlands adopted a law back in…

read more

European Commission concludes Belgian excess profit tax scheme illegal

  • By A&S
  • January 11, 2016
  • News

On January 11, 2016, the European Commission (Commission) issued a press release stating that the selective tax advantages granted by Belgium under its “excess profit” tax scheme are illegal under EU state aid rules. The Belgian “excess profit” tax scheme, applicable since 2005, allowed certain multinational group companies to…

read more

European Parliament asks for additional measures to fight aggressive corporate tax planning and evasion

  • By A&S
  • December 17, 2015
  • News

On December 16, 2015, the European Parliament passed a resolution, prepared in Parliament’s Economic and Monetary Affairs Committee, spelling out the legal steps needed to improve corporate tax transparency, coordination and EU-wide policy convergence. The legal steps recommended by the resolution build on the work of Parliament’s Special Committee on…

read more

Luxembourg to appeal European Commission’s decision in Fiat case

  • By A&S
  • December 5, 2015
  • News

On December 4, 2015, the Luxembourg government announced that it will appeal the European Commission’s decision in the Fiat Finance and Trade case, to obtain legal clarity and predictability on the practice of tax rulings. It its press release, Luxembourg observes that the vast majority of EU Member States…

read more

European Commission deems Fiat and Starbucks tax rulings illegal under EU state aid rules

  • By A&S
  • October 21, 2015
  • News

On October 21, 2015, the European Commission (Commission) issued a press release stating that it Luxembourg and the Netherlands have granted selective tax advantages to Fiat Finance and Trade and Starbucks, respectively, and deemed that these rulings are illegal under EU state aid rules. Following in-depth investigations, which were…

read more