United Kingdom
Europe
Europe
France’s rules for taxing dividends from nonresident subsidiaries violate EU law, Commission says
The European Commission has today charged that France’s scheme for taxing of dividends from nonresident subsidiaries is discriminatory, and has asked France . . .
Europe
Europe
The EU and Monaco initial tax information exchange agreement
The EU Commission and Monaco on February 22 initialed an agreement that would require automatic exchange bank account information on each other’s residents, the EU Commission has . . .
Europe
Austria
Digital Economy
Europe
Digital Economy
Asia-Pacific
Asia-Pacific
Europe
Europe
Africa
Europe
Africa
American Samoa
Europe
Denmark
Europe
Europe
Europe
EU Commission investigating UK controlled foreign corporation law for State aid violation
The European Commission has opened an in-depth State aid investigation into the UK’s controlled foreign company (CFC) tax laws applicable to multinationals, specifically, the CFC rules’ group financing exception. The group financing exception to the CFC rules, added in 2013, is applicable to multinationals . . .
Europe
EU court clarifies VAT treatment of personal contract purchases and other leases
The Court of Justice of the European Union’s much anticipated judgement in the Mercedes-Benz Financial Services UK Ltd case (Case C-164/16) was delivered on October 4, providing greater clarity on the VAT treatment of personal contract purchase agreements offered by car manufacturers and other companies, as well as on leases in general, writes UK tax specialist, Neil MacKay . . .
Americas
Digital Economy
Americas
Europe
Europe
Europe
EU States must permit court challenge to tax information exchange request order, CJEU rules
EU states must allow a court challenge to the legality of an information order issued to implement a tax-related exchange of information request on the grounds that the request lacks “foreseeable relevance,” the Court of Justice. . .
Council of the EU
EU “tax certainty” effort won’t slow tax avoidance work, ECOFIN president assures
Enhancing EU tax certainty for multinational groups has become a hot topic. The subject was taken up during a recent informal meeting of the Economic and Financial Affairs Council (ECOFIN) in Malta and is also the focus of a new European Commission taxation paper . . .
Europe
Irish government asks for public feedback on corporate tax code
The Irish government on February 21 launched a consultation seeking public feedback in connection with a review of Ireland’s corporation tax . . .
Europe
EU Parliament proposal would extend public country-by-country reporting to more multinationals
An EU Commission proposal to require public country-by-country reporting by multinationals operating in Europe should be extended to cover many more multinationals and to mandate much more robust . . .
Europe
Europe
Europe
Europe
Leaked EU directive makes CCTB/CCCTB tax scheme mandatory for large multinationals
A proposed directive for an EU common corporate tax base (CCTB), to be presented by the EU Commission next week, and the EU’s planned common consolidated corporate tax base (CCCTB) proposal, would be mandatory for multinational groups operating in the EU that have annual revenue exceeding €750 million . . .
Europe
Liechtenstein added to Italy’s tax “white list”
Liechtenstein has been placed on Italy’s national tax “white list,” Liechtenstein’s. . .
Americas
Countries targeted US companies in BEPS project to increase tax revenue, US Treasury official charges
Countries participating in the OECD/G20 base erosion profit shifting (BEPS) project sought to rewrite international tax rules for the digital economy and for intellectual property to increase their tax take at the expense of the United States, Robert Stack, Treasury deputy assistant secretary. . .
Europe
EU Parliament committee pushes for State aid review of multinationals’ country-by-country tax reports
The EU Parliament’s Economic and Monetary Affairs Committee on Tuesday approved a report proposing to give the EU Commission full access to country-by-country reports of multinationals that are . . .
