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…

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European Council adopts rules on CbC reporting, first reports to cover fiscal year 2016

  • By A&S
  • May 27, 2016
  • News

On May 25, 2016, the European Council adopted rules on the reporting by multinational companies of tax-related information and exchange of that information between member states. The accepted Council Directive, amending Directive 2011/16/EU as regards mandatory automatic exchange of information in the field of taxation, will implement OECD anti-BEPS Action…

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European Parliament votes in favor of an EU-wide ‘Fair Taxpayer’ label

  • By A&S
  • January 18, 2016
  • News

The European Parliament passed a proposal on December 16, 2015 in favor of an EU-wide ‘Fair Taxpayer’ label to aid in tackling tax avoidance. The proposal was initiated by the EU Economic and Monetary Affairs Committee in a report by MEPs Annelise Dodds (Socialists and Democrats, UK) and Ludëk…

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Senators allege US companies targeted by EU authorities over tax breaks, ask for retaliatory tax measure to be considered on EU countries

  • By A&S
  • January 16, 2016
  • News

In response to EU investigations into tax breaks for US-based companies, four US Senators have asked the Obama administration to consider retaliatory double taxes on EU countries. The request amplifies the brewing conflict between US and EU officials over investigations that are questioning tax deals involving e.g. Apple Inc….

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EU Council debates and approves corporate tax measures

  • By A&S
  • December 10, 2015
  • News

In its meeting on December 8, 2015, the European Union Council of Economic and Financial Affairs debated over multiple items affecting the corporate taxation and also approved a directive aimed at improving transparency on tax rulings given by member states to companies in specific cases. Financial Transaction Tax (FTT)…

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