Just now, on 18 November, Commissioner Margrethe Vestager presented a Communication on the review of European competition policy. Among other things, this Communication gives an update on the Commission’s ongoing work on the review of more than 20 rules and guidelines in the area of competition policy, including the revision of the Climate, Environmental Protection […]
Global minimum tax adopted: Important progress but more to be done for global tax justice
The plenary of the OECD/G20 Inclusive Forum on BEPS sealed the final text of the international corporate tax reform today, 8 October. MEP Sven Giegold, financial and economic policy spokesperson of the Greens/EFA group commented: “A global minimum tax is an important step forward against tax dumping. A decades-long blockade in international tax policy has […]
Ambitious global minimum tax threatened by weakened wording to cap tax rate at 15 per cent
According to media reports, Ireland has been able to push through a far-reaching concession in the negotiations on the global corporate tax reform: The wording of the planned global minimum tax for companies is to be weakened at a crucial point. Until now, the plans of the OECD/G20 Inclusive Framework on BEPS had referred to […]
Council approves public Country-by-Country Reporting: new era of tax transparency
Just now, on September 28, the Council approved the outcome of negotiations between member states, the European Parliament and the European Commission on public country-by-country reporting (“trilogue outcome”). Sweden and Cyprus voted against, the Czech Republic, Ireland, Luxembourg and Malta abstained, which is generally seen as a rejection. They are now hinting at an appeal […]
Tax Cooperation in the EU: Progress, lessons learned and obstacles to be overcome
On 16 September, the European Parliament adopted my report on cross-border cooperation between tax authorities in Europe. It is the first ever implementation report of the European Parliament in the area of economic and monetary policy. The conclusion: since the first directive in 2011, an increasing amount of tax-related data has been exchanged between Member […]
Tax: Parliament report shows Member States must raise the bar on tax cooperation in Europe
Today, 16 September, the European Parliament voted on a report that assesses the implementation of EU rules regarding the exchange of tax information between Member States. It is the first implementation report the European Parliament has ever put forward in the area of economic and monetary policy. The European “Directive on Administrative Cooperation in the […]