United Nations (UN) 28th Session of the Committee of Experts on International Cooperation in Tax Matters The 28th Session of the United Nations (UN) Committee of Experts on International Cooperation in Tax Matters took place last week from 19 to 22 March 2024, alongside the ECOSOC Special Meeting on International Cooperation in Tax Matters, held on 18 March. The […]

OECD Tax & Development Days EU Commission Opens First Investigation on Foreign Subsidies Under New Regime   The European Commission opened the first investigation against a foreign company on the basis of the new State aid regulatory framework for non-EU countries, the Foreign Subsidies Regulation (FSR, or the Regulation), Regulation (EU) 2022/2560. The FSR entered into […]

OECD Release Updated Assessment of Impact of Global Minimum TaxCFE Publishes Statement on European Corporate Tax Reform (BEFIT)      CFE Tax Advisers Europe last week issued a statement responding to a public consultation of the European Commission concerning the proposed Council Directive: “Business in Europe: Framework for Income Taxation (BEFIT)”. This corporate tax reform proposal aims to reduce […]

ECJ Annuls Tax Findings in Engie State Aid Case    The Court of Justice of the EU in Joined Cases C-451/21 P | Luxembourg v Commission and C-454/21 P | Engie Global LNG Holding and Others v Commission annulled a General Court judgment which confirmed European Commission’s finding of State aid granted by Luxembourg to Engie, in relation to […]

UN Approves Africa Initiative for United Nations Tax Leadership  The Second Committee of the UN General Assembly voted in favour of bringing international tax cooperation at the United Nations, directly challenging the G20-mandated OECD leadership in international tax matters. Last week’s vote on a resolution filed by Nigeria saw a clear divide between developed countries, such […]

  State Aid & Transfer Pricing: General Court Declares Belgian Excess Profit Scheme Unlawful  The General Court of the EU has confirmed the European Commission’s assessment of its Decision in 2016 on the excess profit exemption State Aid scheme implemented by Belgium, where the Commission declared Belgium’s excess profit exemption scheme illegal and ordered recovery of around […]

United Nations Assert Greater Role In International Tax Affairs   The Secretary General of the United Nations (UN), Antonio Guterres, has called for a greater role of the UN in setting the international tax affairs in order to achieve a “fully inclusive” international tax agenda. In a report published by the UN entitled “Promotion of inclusive and effective […]

EU Parliament Subcommittee on Tax Matters’ Fact Finding Mission in Singapore Members of the the EU Parliament’s Subcommittee on Tax Matters, FISC, recently travelled to Singapore on a fact finding mission into the fight against tax avoidance and evasion and developments in international taxation. The mission held discussions concerning implementation of the OECD/G20 Inclusive Framework agreement […]