Tax Bites Podcast: The Fit for 55 package: (R)evolution in Green Taxation!
The increased importance of green taxation cannot be overstated. On 14 July, the European Commission published its ambitious Fit for 55 package. This package fits into the broader initiative of reforming the EU tax landscape, announced by the Commission in May of this year. Join our podcast for an overview of the most relevant tax
Tax Bites Podcast: Global minimum taxation – US vs. EU what to expect?
Global minimum taxation has been front page news since an agreement was reached by the G7 recently. It sounds simple as a concept, but different views and approaches around the world make it far from easy to navigate. In this podcast we’ll discuss the expectations of a global minimum tax in the EU and the
Tax Bites Podcast – What does a future-proof tax reporting function look like?
What does a future-proof tax reporting function look like? There are many things to consider for the tax reporting process and all deliverables linked to it. With automation on everyone’s lips, what trends do we see and how are companies dealing with increasing complexities when operating at international level? What tools are out there
OECD Inclusive Framework agrees on two-pillar Approach for International Tax Framework
On 1 July 2021, the Inclusive Framework (IF) announced an agreement backed by 130 (out of 139) members of the Inclusive Framework on the two-pillar approach. This approach redesigns the international tax framework. Here’s a summary of the main points of the agreement: Pillar one Pillar One is intended to re-allocate the taxing rights of
Tax Bites Podcast – Tax Control Framework
Tax Control Framework: be in control of your taxes – and prove it ! With reputational and financial damage at stake, the need to be in control of your taxes and have sound tax risk management is rising rapidly. This transformation is especially important – and also challenging – in a tax landscape where sustainability,
G7 commits to a global minimum tax of at least 15% and taxation of digitalised economy
The G7 finance ministers published on 5 June 2021 a Communiqué announcing that they reached a high-level political agreement on a global tax reform. In particular, they agreed on the reallocation of a share of the profits of certain multinational enterprises to market jurisdictions (Pillar 1) and a global minimum tax of at least 15%
Country-by-country reporting goes public!
On 1 June 2021, representatives of the European Parliament and the Council under EU Portuguese Presidency negotiated a Draft Directive on public country-by-country reporting (‘Public CbCR’) for big multinational groups. They provisionally reached a compromise agreement. Once this political agreement is endorsed, it requires European or non-European multinational groups or standalone undertakings to publicly disclose
Tax Bites Podcast – EU Business Taxation Roadmap
EU Roadmap for Business Taxation: EU Dynamite? On 18 May 2021, an important development in EU Tax policy took place when the European Commission announced their roadmap for Business Taxation for the 21st Century. This roadmap, published today, outlines 5 actions that the European Commission proposes to take in the coming months in Europe (some
