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 […]
Open Letter to the EU Commission for credible Sustainable Finance Rules
Personal letter from actors in the field of Sustainable Finance (Background information/ Sign here!) Dear Commissioner McGuinness, Dear Vice-President Dombrovskis, We are writing to you today as providers, investors and other professional stakeholders in the Sustainable Finance sector. In these weeks, the European Commission, in close consultation with the Member States, will decide on the […]
Tax cooperation in Europe: Conservatives glorify outdated notion of “beneficial tax competition“ and national tax sovereignty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 […]
Invitation: Europe Calling: “Clean Batteries – Engine for E-Mobility and Climate Protection?” Wednesday, 26 May, 7pm
Recording below / Presentation Edström / Presentation Hagelüken Presentation Poliscanova Dear friends, dear interested, Batteries are a key technology for climate protection. If we want to get away from dirty car engines and oil as well as gas heating, we need a lot more storage capacity. But today the production of batteries is often associated […]
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 […]
Business taxation: Commission is strong on proposals, weak in willingness to enforce them
Today, 18 May, the Commission presents its plans for modernising corporate taxation in Europe. The declared goal: making business taxation fit for the 21st century, especially with regards to the digitalisation and the globalisation of the economy. Likewise, taxes should be used to curb greenhouse gas emissions and conserve natural resources. The Commission pledges to […]