Germany Issues Draft Guidance On DAC6

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, March 17, 2020

On March 2, 2020, the German Ministry of Finance released a draft discussion document on new rules implementing the sixth European Union Directive on Administrative Cooperation, under which intermediaries are obligated to report certain tax planning schemes. Read Full Story

Namibia To Repeal 'Harmful' Tax Incentives

by Lorys Charalambous, Tax-News.com, Cyprus

Tuesday, March 3, 2020

Namibia's Minister of Finance, Calle Schlettwein, has tabled a legislative amendment in parliament that will repeal certain tax incentives attached to Export Processing Zones as well as those aimed at the manufacturing sector. Read Full Story

Brexit Negotiations To Begin This Month

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, March 3, 2020

The European Council has authorized the opening of negotiations for a new partnership with the UK, and mandated the Commission to act as the EU's negotiator. Read Full Story

EU Finance Ministers Issue Joint Statement On Digital Taxation

by Lorys Charalambous, Tax-News.com, Cyprus

Tuesday, March 3, 2020

The finance ministers of France, Germany, Italy, and Spain have put their names to a statement calling for countries to reach an agreement on solving the tax challenges of the digital economy by the end of 2020. Read Full Story

IMF Proposes Reforms For Belgium

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, March 3, 2020

Belgium should look to broaden its tax base to fund labor tax reductions, the International Monetary Fund has said in its annual report for the country. Read Full Story

Austria May Pull Out Of European Financial Transactions Tax Talks

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, March 3, 2020

On February 19, 2020, German Finance Minister Olaf Scholz issued a statement to say that he remains "committed" to the introduction of a financial transactions tax at European Union level along the same lines as that proposed by the German Government last month, despite opposition from within the EU, notably from Austria. Read Full Story

EU Adds Cayman Isles, Panama, Seychelles To Tax Blacklist

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, February 20, 2020

The EU has added the Cayman Islands, Palau, Panama, and the Seychelles to its list of non-cooperative tax jurisdictions, bringing the total tally to 12 from 8. Read Full Story

EU Green Lights E-Commerce Transaction Reporting Rules

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, February 20, 2020

The European Council has approved new rules for the exchange of VAT payment data relating to cross-border e-commerce transactions. Read Full Story

European Parliament Seeks Aligned EU-UK Rules

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, February 20, 2020

Members of the European Parliament want the EU and UK to reach an ambitious new free trade agreement, but have stressed that there must be a "level playing field." Read Full Story

OECD Provides Update To G20 On BEPS Work

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, February 20, 2020

In a new report for G20 ministers, the OECD has provided an update on its work to tackle tax base erosion and profit shifting relating to multinational businesses. Read Full Story

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