European Union (EU) News

UK, Mexico Sign Continuity Trade Deal
by Jason Gorringe, Tax-News.com, London
Tuesday, December 22, 2020
On December 15, 2020, the UK and Mexico signed a trade continuity agreement that will apply when the Brexit transition period ends. Read Full Story

UK, Canada Sign Post Brexit Continuity Agreement
by Mike Godfrey, Tax-News.com, Washington
Thursday, December 10, 2020
Canada and the UK have formally signed a post-Brexit trade continuity agreement that will apply from January 1, 2021. Read Full Story

EU Seeking Sanctions Against UK Over Tax Rules On Marked Fuels
by Ulrika Lomas, Tax-News.com, Brussels
Thursday, December 10, 2020
The EU has referred the UK to the Court of Justice over its failure to comply with EU rules on marked fuel. Read Full Story

ECJ AG Urges Ruling Against Belgian 'Excess Profit' Ruling System
by Ulrika Lomas, Tax-News.com, Brussels
Thursday, December 10, 2020
European Court of Justice (ECJ) Advocate General Juliane Kokott has opined that the Commission was right to consider that the Belgian practice of making downward adjustments to profits of undertakings forming part of multinational groups, under the "excess profit" ruling scheme, constituted an aid scheme. Read Full Story

EU Pressures Italy To End Tax Exemptions For Ports
by Ulrika Lomas, Tax-News.com, Brussels
Thursday, December 10, 2020
On December 4, 2020, the European Commission said that Italy must abolish its corporate tax exemptions for ports in order to align its tax regime with EU state aid rules. Read Full Story

EU Eyeing 2023 Start Date For DAC7
by Ulrika Lomas, Tax-News.com, Brussels
Thursday, December 10, 2020
The EU has agreed new rules that will see member states automatically exchange information on income earned by sellers on digital platforms from 2023. Read Full Story

UK, Canada Sign Post-Brexit Continuity Trade Deal
by Jason Gorringe, Tax-News.com, London
Monday, November 30, 2020
Canada and the UK have announced the successful conclusion of negotiations on an interim trade agreement, which will be in place as they work toward a comprehensive post-Brexit free trade deal. Read Full Story

EU To Challenge Dutch Pension Tax Rules Before ECJ
by Ulrika Lomas, Tax-News.com, Brussels
Tuesday, November 10, 2020
The European Commission has referred the Netherlands to the Court of Justice for its rules on the cross-border transfer of pension capital and cross-border provision of pensions. Read Full Story

Belgium Taken To Task For Three Tax Regime Features
by Ulrika Lomas, Tax-News.com, Brussels
Tuesday, November 10, 2020
The European Commission is undertaking infringement proceedings against Belgium regarding the taxation of shares held by life insurance companies, the taxation of income from savings deposits, and the deductibility of alimony payments. Read Full Story

Cayman Islands, Oman Removed From EU Tax Blacklist
by Ulrika Lomas, Tax-News.com, Brussels
Wednesday, January 13, 2021
On October 6, 2020, the EU announced that it has added Anguilla and Barbados to its list of non-cooperative jurisdictions for tax purposes and has removed the Cayman Islands and Oman. Read Full Story
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