Latest news & developments
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
Workforce Podcast – Transform Your Tomorrow: Tech-enabled HR Transformation
Transform Your Tomorrow: Tech-enabled HR Transformation @H. Essers Listen on how H.Essers transformed and digitised their HR operating model successfully, globally during a period where we all were impacted by COVID-19. Rather than solely implementing a new cloud HR system, H.Essers decided to go for a holistic approach where they harmonized HR processes across
Workforce Podcast – The future of mobility
The future of mobility: what about the company car? Sustainable mobility is high on the agenda of governments, employers and employees. Increasingly employers are re-evaluating their approach. How can they change their attitude to mobility, and above all, that of their employees? An employer’s mobility vision can be a competitive differentiator, and incorporating ESG
PwC Incentives Hub: latest news on EU funding
After several years of negotiations, the end of this spring will see the official launch and/or opening of several funding programmes. Horizon Europe Horizon Europe, the ninth framework programme for R, D & I, Horizon Europe and by far the most ambitious, with a total budget of € 95,5bn (2021-2027), is eventually becoming a reality.
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
The zero-emission company car as the new standard
As mentioned in our newsflash of 21 April 2021, the text of the government declaration indicated that it was the intention to modify the tax treatment of company cars by 2026 and move to zero emission vehicles. On 18 May, the Belgian federal government reached an agreement on the tax treatment of (eco-friendly) company cars.
The ‘how’ and ‘when’ of the Corona premium.
The government has reached a consensus on the terms of the wage negotiations and provided their mediation proposal to the unions and employer’s organisations. Besides confirming that the wages may increase up to 0,4 % in 2021 and 2022 on top of the expected indexation (2,8%), it provides that companies that have performed well in
