When to expect definitive VAT system for EU?
A long-awaited draft amendment to the VAT Directive, intended to specify the outlines of the definitive VAT system for intra-EU supplies of goods, was published by the European Commission…
ECOFIN meeting: Taxation of digital economy and definitive VAT system
The main tax issues discussed at the Economic and Financial Affairs Council’s October meeting were the taxation of the digital economy and the implementation of a definitive VAT system. The ECOFIN approved a draft directive implementing a new system…
EU finance ministers discuss new digital economy rules
An informal meeting of the EU’s finance ministers and central bank governors took place in Tallinn in September and addressed, among other things, taxation issues in the context of the digital economy. The ministers looked into new approaches to the…
New EU rules on reporting aggressive tax planning
In late June, the European Commission released a draft of new rules imposing the duty to inform tax administrators of tax planning schemes. It is yet another EU initiative to tackle tax…
EC presents additional tools to fight aggressive tax planning
The launch of an application to report illegal business practices and the establishment of a special unit of the European Commission – these measures are intended to help the EU tackle…
ECOFIN postpones extension of ATAD
At their December session, the EU finance ministers (ECOFIN) negotiated the anti-tax avoidance directive, ATAD2. Some issues remain open, such as the financial sector’s exception from the rules and the member states’ date of transposition of the new…
Ireland to appeal against the EC’s Apple ruling
In September, the European Commission ruled that Ireland had granted an undue tax advantage of EUR 13 billion to Apple, which it now has to recover from the company. In early October, the…
First step towards a new EU list of third country jurisdictions
On 12 September, the European Commission presented a scoreboard of third country jurisdictions containing indicators monitoring their tax administrations’ best practices. It is the first…