EU blacklist updated
On 4 October 2022, the EU Council decided within a regular ECOFIN meeting to add Anguilla, The Bahamas and the Turks and Caicos Islands to the EU list of non-cooperative jurisdictions for tax purposes. With the…
In brief from international taxation [October 2022]
The OECD publishes progress reports on BEPS, as well as several pieces of guidance aimed at the further improvement of global tax transparency. Luxembourg and Spain introduced temporary VAT reduction. Greece in…
In brief from international taxation [September 2022]
The OECD makes significant progress on Pillar One. EU member states aim for consensus in relation to Pillar Two. The US introduces a massive tax-and-spending plan. You can find more detailed information on thes…
Update on implementation of OECD global minimum tax (Pillar 2)
During a 17 June 2022 vote at a meeting of EU finance ministers (ECOFIN), Hungary surprisingly exercised its veto on EU draft implementation of Pillar Two of the 2021 global tax agreement through the OECD, whic…
In brief from international taxation [June 2022]
The OECD continues to address the tax challenges arising from the interconnected digital world. Germany issues a decree on the income tax treatment of virtual currencies, while Sweden reconsiders its position o…
In brief from international taxation [May 2022]
OECD consulting with interested parties to inform of its work in the tax area. A long-awaited decree of the German Ministry of Finance confirms the acceptance of the principles established by court. You can fin…
European Commission proposes directive to address tax-induced debt equity bias
On 11 May 2022, the European Commission announced the release of a draft for a new directive laying down rules to address the tax-induced debt-equity bias. The proposal includes both a debt-equity bias reductio…
Foreign structures in focus
In recent years, the tax environment has been going through major changes and greater attention has been paid to the taxation of multinational groups and the prevention of aggressive tax planning within foreign…
In Brief from International Taxation [April 2022]
The tax tolerance regime for cross-border workers between Belgium and France, Germany, Luxembourg, and the Netherlands has been finally extended to 30 June 2022. The latest ECOFIN meeting does not bring agreeme…