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This article is brought to you in association with the European Commission. Most EU Member States made significant progress in Value-Added Tax (VAT) collection between 2018 and 2022, according to a new report released by the European Commission today. The annual VAT Gap in the EU Report, which measures the difference between theoretically expected VAT revenues […]
This article is published in association with United Nations. The global tax system needed reform, and the UN answered the call on Friday with a blueprint for a new universal tax accord that represents an historic step towards changing the financial landscape. The aim is to help nations around the world boost economic growth and achieve […]
This article is brought to you in association with the European Parliament. MEPs approved a revamp of EU fiscal rules making them clearer, more investment friendly, better tailored to each country’s situation, and more flexible. The new rules, approved on Tuesday, were provisionally agreed upon between European Parliament and member state negotiators in February. Focus on investments MEPs […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Marna Ricker, Global Vice Chair, Tax, EY Tax controversy is inefficient for everyone involved. It’s costly, it’s burdensome, it’s wasteful and it can engender a distrustful relationship between taxpayers and tax administrators. This is especially true for large, multinational […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Stefan Ellerbeck, Senior Writer, Formative Content Carbon-pricing is regarded as one of the most powerful tools to help countries limit CO2 emissions and reach net-zero targets. Denmark has approved a new corporate carbon tax which will become the […]
This article is brought to you in association with the European Parliament. MEPs criticize countries abusing their vetoes on tax matters and demand a relaunch of discussions to gradually introduce majority voting. The resolution adopted on Wednesday with 450 votes in favour, 132 votes against and 55 abstentions, closes the debate which took place during June’s […]
This article is brought to you in association with the European Commission. The Commission welcomes the agreement reached by EU finance ministers today to update the current rules governing value-added tax (VAT) rates for goods and services. These new rules will provide governments with more flexibility in the rates they can apply and ensure equal treatment […]
This article is brought to you in association with OECD. Tax revenues in advanced economies reached a plateau during 2018, with almost no change seen since 2017, according to new OECD research. This ends the trend of annual increases in the tax-to-GDP ratio seen since the financial crisis. The 2019 edition of the OECD’s annual Revenue […]
This article is brought to you in association with the European Commission. The Commission decided today to refer Poland to the Court of Justice for allowing energy intensive businesses to be exempted from excise duty on coal and gas.Under Polish legislation and contrary to EU law, certain energy products, such as coal and gas, used […]
This article is brought to you in association with OECD. Today the OECD Secretariat published a proposal to advance international negotiations to ensure large and highly profitable Multinational Enterprises, including digital companies, pay tax wherever they have significant consumer-facing activities and generate their profits. The new OECD proposal brings together common elements of three competing proposals from […]
This article is brought to you in association with OECD. International efforts to improve transparency via automatic exchange of information on financial accounts are improving tax compliance and delivering concrete results for governments worldwide, according to new data released today by the OECD. More than 90 jurisdictions participating in a global transparency initiative under the OECD’s […]
This article is brought to you in association with OECD. The international community has agreed on a road map for resolving the tax challenges arising from the digitalisation of the economy, and committed to continue working toward a consensus-based long-term solution by the end of 2020, the OECD announced today. The 129 members of the OECD/G20 […]
This autumn Europe has everything it…didn’t need. A frozen Spain, a hot Britain who says will stay in EU’s Foreign and Security Policy, a self-centered Ireland and a revolutionary France. In the most interesting development the British Foreign Secretary, the infamous for his gaffes and lies Boris Johnson, said that despite the impending Brexit, his […]
Last Tuesday, the White House and the US Treasury in concerted actions issued farfetched statements against the EU Commission. The EU executive’s decision ordered the US giant technology company Apple Inc. to pay additional taxes of up to €13 billion in Ireland. These instant and strong reactions clearly denote that the US sees this Brussels […]
The informal Ecofin and Eurogroup councils that took place in the Dublin Castle this weekend had only one victim; the bank depositors. Tax evaders got away, with Algirdas Šemeta the EU Commissioner responsible for Taxation and Anti-Fraud, running after them brandishing only his “appetite for progress and action”. In reality no real progress or action […]
