With the increased focus on business practices globally, the importance of doing business in a sustainable manner has never held greater weight than it does now. More companies are developing sustainable business practices, and investors…
On 18 May 2021, the European Commission issued a communication on „Business Taxation in the 21st Century". The document follows up on the current discussions on international tax rules and presents its own tax agenda, which aims to continue the…
Country-by-Country Reporting (CbCR) is part of the 15-point Action Plan BEPS, which aims to find a solution against aggressive tax planning and ensure that tax is paid where profits and value are actually generated. CbCR was introduced into the…
Taxation of the digital economy is listed as one of the priorities of the European Commission. The target is to secure just and efficient taxation of incomes of all companies operating in the EU, whereas the European Commission already stated in…
Taxation of the financial sector has long been one of the most controversial topics in European tax policy. Portugal, as the current presidency, is trying to reopen in the Council the debate on the proposal for a Financial Transaction Tax at the EU…
The European Union has recently amended the list of countries considered as non-cooperating for tax purposes. Following the assessment of the respective criteria in the tax area, the EU Council presented a new EU Blacklist. The changes affected two…
ECOFIN adopted a revised EU list of non-cooperative jurisdictions for tax purposes (the EU blacklist). The EU Finance Ministers agreed to add two new jurisdictions to the list as well as to remove two jurisdictions from the list.