EU to strengthen protection for Uber and other internet platform workers

Over 28 million people in the EU work for internet platforms such as Uber, Wolt and Dáme jídlo. It is estimated that by 2025 this number could increase to 43 million. Internet platform workers are mostly hired as self-employed persons, although they…

EU wants to introduce a global minimum effective tax as early as 2023

In December last year, the OECD published draft rules for a minimum global effective corporate income tax of 15%. The European Commission subsequently issued a draft directive containing rules for the implementation of this tax by EU member states.…

EP: multinationals to publish profits and taxes paid in individual countries

On 11 November 2021, the European Parliament approved a proposal for the directive introducing public country-by-country reporting. The CbC report, informing, among other things, about profits generated and taxes paid, broken down by individual…

Blue Card – future of EU labour mobility

Projections show that by 2070, the European Union will have 292 million people of working age, compared to 333 million in 2016. This trend would mean a significant decline in the workforce for the EU member states. This is one of the reasons why the…

Changes in international taxation probably as early as 2023

The G20 has endorsed the framework changes to international taxation agreed at the OECD level (including non-member countries) on 8 October 2021. The changes are spread across two pillars containing rules for shifting taxing rights on profits from…

Germany: New transfer pricing guidelines

Transfer pricing is a hot issue at a time when all finance ministries are searching for funds to cover their exorbitant budget deficits. The German Ministry of Finance has issued new transfer pricing guidelines (Verwaltungsgrundsätze…

Companies to disclose income tax payment information

The European Commission has published a draft directive on the mandatory disclosure of information on income tax payments in individual member states and non-cooperative jurisdictions (public country-by-country reporting). The duty will apply to…

International taxation rules may change as early as 2023

In a joint declaration, 130 out of the 139 countries united under the OECD for the purpose of implementing the BEPS initiative have agreed on new rules for the international taxation of multinational corporations. The final wording of the rules,…

Future direction of EU business taxation

The European Commission has issued its Communication on Business Taxation for the 21st Century, summarising current actions and future plans in response to the OECD debate on changes to international tax rules and the introduction of minimum…

Country-by-Country Reporting data publicly available?

Country-by-Country Reporting (CbCR) is one of the pieces of the puzzle that provides a view of a multinational corporation’s transfer prices. Rather than looking at individual entities, CbCR, fairly truthfully depicts how the group operates in…

European financial transaction tax back on the table

Portugal is trying to reopen in the Council the debate on the proposal for a financial transaction tax at the EU level. The debate should focus on setting the conditions of taxation and avoid political issues.

Preferential tax treatment is illegal public aid, even FC Barcelona will feel it

The Court of Justice of the EU (CJEU) has finally closed a long-standing dispute over the preferential tax treatment of the largest football clubs in Spain. The conclusion is unforgiving: FC Barcelona, FC Real Madrid and other clubs will have to pay…