legislation News

UK Reports On Adoption Of EU's DAC6 Tax Scheme Reporting Rules

by Jason Gorringe, Tax-News.com, London

Last updated 46 hours ago | Wednesday, January 15, 2020

On January 8, 2020, the UK Government released a policy paper setting out how the UK will temporarily adopt the "DAC 6" EU disclosure requirements on intermediaries that design or sell potentially harmful tax schemes. Read Full Story

Netherlands Adds To Tax Blacklist

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, December 31, 2019

Barbados and Turkmenistan have been added to the Netherlands' list of low-tax jurisdictions for the purposes of enforcing certain anti-tax avoidance rules, the Dutch Ministry of Finance announced on December 30, 2019. Read Full Story

Luxembourg's 2020 Budget Approved By Parliament

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, December 31, 2019

On December 19, 2019, Luxembourg's Chamber of Deputies approved the Government's Budget for 2020, which among other measures includes important changes to the validity of advanced tax rulings. Read Full Story

Tax Extenders Passed In US Spending Package

by Mike Godfrey, Tax-News.com Washington

Monday, December 23, 2019

On December 17, 2019, the United States House of Representatives passed a year-end spending package, which includes legislation extending numerous expired and expiring tax provisions, and repealing certain taxes introduced to help fund the Obamacare health care reforms. Read Full Story

German Lawmakers Agree Climate Package

by Ulrika Lomas, Tax-News.com, Brussels

Monday, December 23, 2019

On December 18, 2019, the mediation committee of the lower and upper houses of the German parliament (Bundestag and Bundesrat) announced an agreement on the Government's climate legislation, which includes several tax measures. Read Full Story

Saint Kitts And Nevis Announces Another 'Tax-Free' Budget

by Mike Godfrey, Tax-News.com, Washington

Tuesday, December 31, 2019

The Prime Minister of St Kitts and Nevis and Minister of Finance, Timothy Harris, delivered a "tax-free Budget" on December 12, 2019. Read Full Story

Germany Presents Text For EU Financial Transactions Tax

by Ulrika Lomas, Tax-News.com, Brussels

Monday, December 16, 2019

German Finance Minister Olaf Scholz has presented a final proposal for a European Union financial transactions tax to the 10 member states participating in the initiative. Read Full Story

Switzerland Publishes New English-Language VAT Guide

by Ulrika Lomas, Tax-News.com, Brussels

Friday, December 6, 2019

The Swiss Federal Tax Authority has released new English-language guidance for foreign businesses on their obligations under Swiss VAT law. Read Full Story

German Lawmakers Reject VAT Cut On Rail Fares

by Ulrika Lomas, Tax-News.com, Brussels

Friday, December 6, 2019

The upper house of the German parliament, the Bundesrat, has rejected certain tax elements of the Government's climate protection plan, including a reduction in value-added tax on long-distance rail travel. Read Full Story

Switzerland To Improve Tax Information Exchange Regime

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, November 26, 2019

Switzerland is to amend its domestic framework for the automatic exchange of information, in line with recommendations made by the Global Forum on Transparency and Exchange of Information for Tax Purposes. Read Full Story

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