Today, 16 June, the EU Commission approved Portugal’s recovery and resilience plan worth around 16 billion euros. This evening, Spain’s plan will follow, and the Danish and Greek plans are also close to approval. Crucially, the national recovery plans need to meet the landmark targets of at least 37% spending on the Green Deal and […]
Cyprus announces veto on minimum effective corporate taxation: Europe must act now
June 3. The Economic and Monetary Affairs committee of the European Parliament has just held an exchange of views with Constantinos Petrides, Minister of Finance of the Republic of Cyprus. His governing party is a member of the European People’s Party (EPP). When I asked him about his country’s support for a minimum effective corporate […]
EU agreement on public country-by-country reporting: a milestone for greater tax justice!
1 June. Negotiators from the Council and the European Parliament have just agreed on a compromise text for public country-by-country reporting by multinational companies. Companies operating in Europe with a total consolidated turnover of more than €750 million in the last two consecutive financial years will have to disclose relevant tax information by country. This […]
Tax cooperation in Europe: Conservatives glorify outdated notion of “beneficial tax competition“ and national tax sovereignty
Yesterday, 27 May, the European Parliament’s Economic and Monetary Affairs Committee voted on my “Report on the implementation of EU requirements for the exchange of tax information: Progress, lessons learned and obstacles to be overcome”. In a first vote on the amendments, there was broad support for the jointly drafted compromise amendments. However, five amendments […]
More resources for tax investigators to work together across Europe: Fiscalis programme adopted
Dear friends and all those who are interested, On Wednesday, 19 May, the European Parliament unanimously supported providing more money and resources to ensure greater cross-border cooperation between tax authorities going forward. This is a strong signal in support of increasing cooperation between national tax authorities in Europe and beyond. As rapporteur, I have closely […]
Tax dumping: Joe Biden deserves our full support
Dear friends and all those who are interested, Joe Biden has extended an invitation to all countries with progressive tax systems: Let’s jointly put an end to tax dumping by multinational companies, with an effective minimum tax rate of 21%. In this way, we will protect the socially just distribution of income. By way of […]