BRUSSELS | 14 NOVEMBER 2022  28 Jurisdictions Sign Agreement on Reporting Income from Digital Platforms The plenary meeting of the OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes was held from 9 – 11 November in Seville, Spain. At the periphery of the plenary meeting, a multilateral competent authority agreement (MCAA) for the automatic […]

CFE’s Tax Top 5 – 10 October 2022 OECD Presents New Crypto-Assets Transparency Framework  The OECD has today published its Crypto-Asset Reporting Framework (“CARF”), following on from the public consultation process which took place in Spring 2022. CFE at the time issued an Opinion Statement setting out its reservations and views on the proposed Framework.  The CARF will provide for annual automatic […]

BRUSSELS | SEPTEMBER 2022 CFE President Addresses EU Finance Ministers at Informal ECOFIN Meeting in Prague The President of CFE Tax Advisers Europe, Mr Piergiorgio Valente, and CFE’s Director of Tax Policy, Mr Aleksandar Ivanovski, attended an informal meeting of the ECOFIN Council in Prague, 10 September 2022, after being invited to address the Council of the European Union […]

CFE’s Tax Top 5 – 5 September 2022 USA & Pillar 2: A Minimum Tax But Not the OECD Minimum Tax  Over the summer, after many months of negotiation, US Congress passed legislation titled the Inflation Reduction Act 2022, under which a 15% corporate minimum tax is imposed on corporations with profits exceeding US 1 billion, in tax years […]

BRUSSELS I 22 JULY 2019   EU Parliament Approves Ursula von der Leyen as New Commission President   On 16 July, the European Parliament voted to appoint former German Defence Minister Ursula von der Leyen to the role of European Commission President for a period of 5 years from 1 November 2019. Ms von der […]

BRUSSELS I 15 JULY 2019   EU Council Approves 2019 European Semester Recommendations   The European Council has published its recommendations for Member States’ economic and fiscal policies arising from the 2019 European Semester Reports policy monitoring process. The European Semester Reports were published in March, which set out the expectation that the European economy […]

BRUSSELS I 8 JULY 2019   New EU Council & Parliament Presidents Elected   The European Council has approved the nomination of former Belgian Prime Minister, Charles Michel to the role of European Council President, electing him for the period 1 December 2019 – 31 May 2022. The mandate can be renewed once, extending the […]

BRUSSELS I 17 JUNE 2019   Financial Transaction Tax By 2021, Germany Announces   The Council of the EU (ECOFIN) discussed on 14 June the state of play with the Financial Transaction Tax (FTT). The Member states participating in the FTT enhanced cooperation procedure (Austria, Belgium, France, Germany, Greece, Italy, Portugal, Slovakia, Slovenia and Spain) […]