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EU Archive

  • December 2011

    European Court confirms aviation can come under ETS

    December 21, 2011

    Despite mounting international pressure, the Court of Justice of the European Union (CJEU) has today confirmed that aviation can be brought under the emissions trading scheme (ETS) without breaking international law.

  • EU: Commission plans to attack double taxation and double non-taxation in 2012

    December 16, 2011

    On November 11 2011, the European Commission (EC) outlined its 2012 strategy for combating double taxation and double non-taxation in the EU.

  • EXCLUSIVE: Chris Needham assesses the Commission’s VAT proposals

    December 16, 2011

    Chris Needham, VAT director of General Electric, is one of the most vocal tax executives calling for European VAT reform. In an exclusive interview, he discusses the pros and cons of the European Commission’s white paper, released last week, and whether its proposals meet his hopes.

  • What the UK’s EU veto means for the future of an FTT

    December 14, 2011

    As the sole EU member state to veto the Euro-plus pact last week, the UK signalled its refusal to accept the economic harmonisation desired by other states and is now likely to face increased pressure to implement a financial transactions tax (FTT), warn advisers.

  • Why the Euro-plus pact will pave the way for the CCCTB

    December 13, 2011

    The signing of the Euro-plus pact on Friday outlined the EU’s commitment to stronger coordination of economic policies and is likely to set the ball rolling for the introduction of a common consolidated corporate tax base (CCCTB) and a financial transactions tax (FTT).

  • ANALYSIS: Why taxpayers must do more indirect tax work

    December 12, 2011

    With governments continuing to target indirect tax as a reliable and consistent revenue stream to help balance budgets, advisers are warning that taxpayers need to do more if they are to avoid becoming the victim of aggressive tax authorities.

  • European Commission outlines plans for future of EU VAT

    December 06, 2011

    The European Commission today released a white paper on the future of the EU’s VAT system, with many praising it for going further than was expected.

  • Switzerland will stay tax-friendly despite EU pressure

    December 06, 2011

    Switzerland is determined to remain a highly desirable place for multinationals to do business, regardless of EU pressure on its system of cantonal corporate taxation.

  • EXCLUSIVE: OECD and BIAC talk VAT guidelines and global forum

    December 02, 2011

    Piet Battiau, head of consumption taxes at the OECD, and Karl-Heinz Haydl, chairman of the BIAC VAT Committee, discuss their hopes for a new set of VAT guidelines and a Global Forum on VAT.

  • European Union: EC plans to attack double taxation and double non- taxation in 2012

    December 01, 2011

  • EXCLUSIVE: Commissioner Semeta reveals his plans for the year ahead

    December 01, 2011

    Next year will be challenging for the European Commission as it presses ahead with its plans to reform the EU’s VAT system, revise the Energy Tax Directive and implement a financial transactions tax. In an exclusive interview, Algirdas Šemeta, European Commissioner for Taxation and Customs Union, Audit and Anti-Fraud explains how he will be keeping taxpayers busy in 2012.

  • November 2011

    INTERVIEW: Head of EC’s CCCTB unit tackles double taxation

    November 29, 2011

    In an exclusive interview, Thomas Neale, head of the CCCTB Task Force in the DG Taxation and Customs Union of the European Commission, argues that eradicating double taxation within the EU is an essential pre-requisite for strengthening the internal market.

  • What Monti’s Italian indirect tax reforms will look like

    November 29, 2011

    Mario Monti last year made recommendations that were instrumental in the European Commission’s decision to reform the EU VAT system. Now, as Italy’s new prime minister, predictions are being made as to how he will reform the country’s indirect tax system.

  • UK Chancellor slams “suicidal” FTT

    November 15, 2011

    UK Chancellor of the Exchequer George Osborne has denounced the European Commission’s plans for a financial transactions tax (FTT) as suicidal for not just the UK, but the EU as well.

  • Tax to be at forefront as Mario Monti takes Italy’s top job

    November 14, 2011

    Mario Monti, Italy’s new Prime Minister, is likely to place taxation high on his government’s agenda and will put his experience as former European Commissioner for tax to good use.

  • ANALYSIS: Financial transactions tax debate spreads to the US

    November 11, 2011

    As debate continues to swirl around the issue in Europe, the notion of a tax on financial transactions (FTT) is also gaining traction in the US. Senator Tom Harkin (Dem-Iowa), and Congressman Peter DeFazio (Dem-Oregon) have tabled legislation to introduce a form of the tax. But how does the US approach to an FTT differ from the European debate?

  • ECJ backs Rank in £250 million VAT reclaim

    November 11, 2011

    The ECJ has ruled in favour of Rank Group's claim that it overpaid VAT to HM Revenue & Customs by more than £250 million ($397 million).

  • EU changes tax and customs assistance for member states

    November 11, 2011

    The European Commission hopes to boost the effectiveness of the Internal Market by reforming how the EU supports cooperation between customs and tax authorities.

  • IBA 2011: How to manage group taxation around the world

    November 08, 2011

    Many jurisdictions have systems in place to tax multiple companies together as if they were a singular taxable unit. But how do approaches to group taxation vary in different parts of the world?

  • EXCLUSIVE: Commissioner Semeta reveals his plans for the year ahead

    November 06, 2011

    Next year will be challenging for the European Commission as it presses ahead with its plans to reform the EU’s VAT system, revise the Energy Tax Directive and implement a financial transactions tax. In an exclusive interview, Algirdas Šemeta, European Commissioner for Taxation and Customs Union, Audit and Anti-Fraud explains how he will be keeping taxpayers busy in 2012.

  • Bill Gates brings FTT one step closer

    November 04, 2011

    The once-fringe financial transactions tax (FTT) has found a powerful new supporter in the founder of Microsoft.

  • How information exchange will benefit taxpayers

    November 02, 2011

    Taxpayers will have to put up with an increased compliance burden as global efforts to improve information exchange grow, but the benefits are just around the corner, say international specialists.

  • EU: A new dawn for further European tax harmonisation

    November 01, 2011

    A single European market in the area of taxation still does not exist. In practice, this means that multinational corporations doing business in the EU need to navigate their way through (up to) 27 different national tax administrations and administrative requirements, and widely differing national interpretations of EU tax law, directives and regulations.

  • October 2011

    Commission requests Bulgaria to amend VAT rules

    October 28, 2011

    The European Commission has formally requested Bulgaria to amend its discriminatory VAT legislation.

  • EXCLUSIVE: Pascal Saint-Amans defines his role as new OECD head of tax policy and administration

    October 25, 2011

    When Jeffrey Owens announced his retirement as head of tax policy and administration at the OECD, the race was on to replace one of the most important figures in global tax affairs. Pascal Saint-Amans is that man and, in an exclusive interview, he discusses his priorities on transparency, transfer pricing and tax avoidance before taking up the position in February.

  • Exclusive: Tax can and must be used to tackle climate change, says Michael Jacobs

    October 21, 2011

    Michael Jacobs was former UK Prime Minister Gordon Brown’s special adviser on the environment and is now a visiting professor at the London School of Economics. In an exclusive interview with Salman Shaheen of International Tax Review, Jacobs discusses his time formulating environmental tax policy at 10 Downing Street, the role tax can play in tackling climate change and just what he thinks of the new government’s record.

  • German Chancellor slams opposition to FTT

    October 18, 2011

    German Chancellor Angela Merkel has hit out against governments that shy away from compelling the financial sector to contribute to its role in the economic turmoil.

  • Commission proposal on Energy Tax Directive strengthens fiscal sovereignty for EU member states

    October 14, 2011

    Jacqueline Cottrell of Green Budget Europe takes a look at the European Commission’s proposal to revise the Energy Tax Directive and why it could actually bolster member states’ fiscal sovereignty.

  • Semeta reaffirms commitment to reform EU VAT

    October 11, 2011

    Algirdas Šemeta, European Commissioner for Taxation and Customs Union, Audit and Anti-Fraud will propose broad objectives for the future VAT system by the end of the year.

  • Academics question effectiveness of EU transactions tax

    October 10, 2011

    Academics from Oxford University’s Centre for Business Taxation (CBT) have shown little support for the European Commission’s plans for a European financial transactions tax (FTT).

  • EXCLUSIVE: Why the Commission changed its mind on the FTT

    October 04, 2011

    Manfred Bergmann, director for Indirect Taxation and Tax Administration at the DG Taxation and Customs Union at the European Commission, has told International Tax Review why the Commission changed course and came out with a proposal for a financial transactions tax (FTT).

  • September 2011

    Ten things you need to know about the EU financial transactions tax

    September 29, 2011

    The financial transactions tax (FTT), also known as the Tobin tax and the Robin Hood Tax, has been the stuff of legend for decades, discussed eagerly by academics and socialist economists, without ever gaining much traction in the mainstream. The financial maelstrom changed all that and, as José Manuel Barroso, president of the European Commission, comes forward with a proposal for an EU-wide FTT, everyone will be talking about it.

  • The verdict on the EC's financial transactions tax proposal

    September 29, 2011

    The President of the European Commission, José Manuel Barroso, has proposed a financial transactions tax (FTT) in his annual state of the union address to the European parliament. However, unanimous approval within the EU looks unlikely.

  • EC president proposes EU financial transactions tax

    September 28, 2011

    The European Commission president has today proposed a Europe-wide financial transactions tax to help vitalise public finance across the region.

  • Why France and Germany are driving for a financial transaction tax

    September 27, 2011

    If recent developments on the issue of a financial transactions tax (FTT) teach us nothing else, it is that France and Germany are wholeheartedly committed to the idea, despite the continued opposition of others.

  • Climate commissioner backs shift to environmental taxation in EU

    September 23, 2011

    Giving the keynote address to Green Budget Europe’s annual conference, hosted by the European Environment Agency in Copenhagen, Connie Hedegaard, EU Climate Action Commissioner, called for binding targets and a shift from tax on labour to environmental taxation.

  • Revised Energy Tax Directive welcomed by taxpayers and activists

    September 20, 2011

    Environmental taxation has been a divisive issue in recent years. But if there was one strong conclusion at Green Budget Europe’s annual conference in Copenhagen, it was that the EU’s Energy Tax Directive (ETD) was not working effectively and that the Commission’s proposed revisions were a welcome improvement.

  • Radical new taxes discussed at green budget conference

    September 16, 2011

    Companies will not be pleased to hear that one of the more radical proposals at this week’s annual conference of Green Budget Europe was for a new VAT.

  • IFA panel does not risk money on common tax base

    September 13, 2011

    The chances of the successful implementation of a common consolidated corporate tax base in the EU in the near future are mixed, if the opinion of a panel at the IFA annual congress is a good guide.

  • ITR readers not sold on CCCTB

    September 06, 2011

    A poll of International Tax Review’s readers found the majority remain unconvinced of the benefits of a Common Consolidated Corporate Tax Base (CCCTB).

  • August 2011

    Is the French and German Tobin tax more than just political posturing?

    August 23, 2011

    French President Nicolas Sarkozy and German Chancellor Angela Merkel rocked the markets with their joint plan for a Tobin tax. Their proposals have been welcomed by development activists, however, the overriding view is that they must gain wider support if they are to be implemented anywhere.

  • Exclusive: Connors fights Vodafone’s corner

    August 12, 2011

    In an exclusive interview with Salman Shaheen of International Tax Review, John Connors, director of tax strategy and policy at Vodafone, hits out at his company’s critics and UK Uncut and explains his stance on topical issues such as country-by-country reporting and ADR.

  • Exclusive: “No incentive to opt in to CCCTB” – Vodafone

    August 05, 2011

    In an exclusive interview with International Tax Review, John Connors, director of tax strategy and policy at Vodafone, the world’s largest mobile telecommunications company, described the Common Consolidated Corporate Tax Base (CCCTB) as unviable and undesirable.

  • July 2011

    India wades into EU airline tax debate

    July 28, 2011

    India’s aviation ministry has formally opposed the EU’s plans to tax airlines on the basis of carbon emissions from the start of 2012.

  • How EU leaders put pressure on Irish tax policy

    July 22, 2011

    A statement from European leaders, after an emergency meeting last night in Brussels, included a comment about the possible future direction of Irish tax policy.

  • Italy proposes VAT rise

    July 14, 2011

    The Italian government has submitted its tax reform proposals to parliament which could mean a revision in VAT rates.

  • Garrigues partner joins Portuguese government

    July 04, 2011

  • Why the US needs to pay attention to the CCCTB

    July 01, 2011

    US multinationals are not yet aware of the CCCTB’s potential impact on their business, but they should be. Although the goal of the plan is to reduce the compliance burden for companies, it may not simplify taxation for US groups that have operations in Europe. It is also likely to raise new tax issues for US entities. Erin Kelechava investigates.

  • How the Commission sees the CCCTB

    July 01, 2011

    Thomas Neale, head of the CCCTB Task Force in the DG Taxation and Customs Union of the European Commission, does not have an easy job as he is responsible for preparing the legislative proposal for the CCCTB. In an exclusive interview with International Tax Review, he answers the proposal’s critics and explains that taxpayers will benefit from the new regime.

  • EU: CCCTB directive status update and next steps

    July 01, 2011

  • Commission to proceed with financial transactions tax

    July 01, 2011

    The European Commission has confirmed that a financial transactions tax (FTT) will be introduced as part of the financial structure for its political objectives in the next five years, the Multiannual Financial Framework (MFF). An FTT is planned to assist the Commission’s effort to become self-funding between 2014 and 2020.

  • June 2011

    European Commission intends to introduce financial transactions tax

    June 27, 2011

    Jose Manuel Barroso, the Commission president, has suggested that it will proceed with legislation introducing a financial transactions tax (FTT).

  • Intervention concept causing headaches for financial services

    June 23, 2011

    The concept of intervention is making life harder for banks in the EU, International Tax Review’s Indirect Taxes Forum heard.

  • Swedish VAT challenges for services from media platforms

    June 13, 2011

    Tomas Karlsson and Royne Schiess of Ernst & Young compare how Sweden handles VAT for software developers with that of the EU VAT Directive and discover that they are not entirely aligned.

  • Greece employs trial and error tax policy as it plans VAT cut

    June 07, 2011

    Greek plans to cut VAT rates to 20% only a year after two rises to 23% show that it has yet to find the right tax strategy to stabilise its ailing economy.

  • May 2011

    Eight member states show CCCTB yellow card

    May 24, 2011

    Ireland and the UK have joined the Netherlands and five other countries in rejecting the EU’s proposals for a Common Consolidated Corporate Tax Base (CCCTB).

  • European publishers want equal VAT treatment for print and digital

    May 24, 2011

    Responding to the European Commission’s consultation on the future of the EU’s VAT system, newspaper publishers have called for lower VAT rates on digital newspapers to bring them in line with print copies.

  • The winners of the 2011 European Tax Awards

    May 19, 2011

    International Tax Review broke new ground last night with the presentation of awards for the leading in-house tax teams in Europe for direct and indirect tax.

  • European taxpayers yet to see the benefit of lower rates

    May 17, 2011

    For European countries crawling out from under recession, a key growth strategy has been a focus on shifting the burden of taxation from companies to consumption. However some of its leading taxpayers report they have yet to see the benefit.

  • Tax policy makers seek to boost venture capital investment for SMEs

    May 17, 2011

    EU member states should do more to coordinate tax policy in an effort to eradicate the double taxation risk cross-border venture capital investors often face.

  • VAT neutrality divides EU conference

    May 13, 2011

    European taxpayers, advisers and politicians attending a conference discussing the Commission’s green paper on the future of VAT heard how removing exemptions would make the tax more efficient and raise revenue, but the political will is unlikely to be there to implement such a controversial measure.

  • CCCTB cons outweigh pros for Netherlands

    May 11, 2011

    The Dutch government has rejected the recent EU proposals for a Common Consolidated Corporate Tax Base (CCCTB), citing a number of key objections to the proposals as they stand.

  • EU conference stresses need for VAT reform

    May 10, 2011

    At a packed conference wrapping up six months of public consultation on the future of the European VAT system, politicians and companies came together to conclude that it needs to be simpler and more efficient.

  • Dutch refer questions to ECJ on VAT exemption for real estate shares

    May 05, 2011

    On April 22 2011 the Dutch Supreme Court referred questions for a preliminary ruling to the ECJ.

  • April 2011

    European business group comes out against financial sector taxation

    April 28, 2011

    Europe’s business confederation has expressed its concerns about the two main options for financial sector taxation.

  • Carbon pricing alone will not save the world

    April 19, 2011

    Environmentalists have welcomed the European Commission’s proposals to revise the Energy Taxation Directive (ETD), but green groups do not believe it goes far enough, fast enough.

  • Deal analysis: Northern Foods/Greencore merger

    April 19, 2011

    If Northern Foods had merged with Greencore, it would have been the first merger involving a UK company structured under the EU Cross-Border Mergers Directive (ECBMD). Salman Shaheen talks to one of the architects of the deal to see what new tax challenges this threw up.

  • European Awards nominees published

    April 07, 2011

    The shortlists for International Tax Review's European Tax Awards have been announced.

  • Dutch Supreme Court gives final ruling in the Euro Tyre case

    April 05, 2011

    Intra-Community ex-works supply: exemption can be applied to the first of two subsequent supplies.

  • EU and US to discuss FATCA

    April 05, 2011

    In a joint letter with the European Commission, the Hungarian Presidency of the Council of the European Union today invited the US authorities to discuss how to best achieve the objectives of the US Foreign Account Tax Compliance Act (FATCA).

  • EU conference chews the FAT

    April 04, 2011

    An EU conference has been given two contrasting messages about the effect of a financial activities tax (FAT).

  • Franco-German pact and a CCCTB proposal

    April 01, 2011

  • March 2011

    Robin Hood splits EU tax forum

    March 31, 2011

    Only a few years ago, discussion of the financial transactions tax (FTT), often referred to as the Tobin tax or a Robin Hood tax, did not go beyond socialists, international development activists or academic circles and had little traction in the political mainstream. But, as the Brussels Tax Forum 2011 heard, public debt is not the only thing on the up after the financial havoc wreaked by the banks and their bailouts.

  • EU conference hears how financial sector is undertaxed

    March 30, 2011

    Evidence presented to the Brussels Tax Forum 2011 on whether or not the financial sector is undertaxed, made the case for a financial activities tax (FAT) that much stronger.

  • Dutch Supreme Court refers questions on VAT adjustment rules to the ECJ

    March 29, 2011

    Jeroen Bijl of PwC in the Netherlands discusses the VAT issues that prompted the Dutch Supreme Court to refer the Van Laarhoven case to the European Court of Justice

  • EU VAT refund cash flow delays persist as deadline looms

    March 29, 2011

    Richard Asquith of TMF Group says the EU’s VAT recovery system is not working properly only two days before the latest deadline

  • European governments give mixed reactions to CCCTB

    March 18, 2011

    European governments have begun to respond to the Commission’s draft directive for a Common Consolidated Corporate Tax Base (CCCTB) and reactions have been far from the harmonious vision underlying the proposals.

  • Impact assessment identifies CCCTB winners and losers

    March 18, 2011

    Only five EU member states would see a rise in their GDP as a result of the introduction of a common consolidated corporate tax base (CCCTB), the European Commission’s own impact assessment study into the plans has found.

  • Consolidated CCCTB Comments & Twitter Buzz

    March 17, 2011

    A collection of comments from around Europe on the Commission’s long-awaited draft directive seeking to establish a Common Consolidated Corporate Tax Base.

  • European Commission proposes CCCTB

    March 16, 2011

    The European Commission today unveiled its proposal for a common consolidated tax base (CCCTB) system for calculating the tax base of businesses operating in the EU.

  • Impact assessment identifies CCCTB’s winners and losers

    March 16, 2011

    Only five EU member states would see a rise in their GDP as a result of the introduction of a common consolidated corporate tax base (CCCTB), the European Commission’s own impact assessment study into the plans has found.

  • Deal Analysis: Tax education needed for Nortel administration

    March 08, 2011

    They say that the bigger they come the harder they fall. Few could have expected quite how hard Nortel would fall, however, or the unique cross-border tax issues the resulting administration of the group in Europe would cause.

  • European Parliament backs FTT

    March 08, 2011

    The European Parliament today voted to approve MEP Anni Podimata’s through report, which recommends introducing a global financial transactions tax (FTT) which could be used to fund future bailouts.

  • Commission proposes CCCTB directive by end of March 2011

    March 01, 2011

  • Bank levy comes to Ireland

    March 01, 2011

    Ireland has become the latest country to introduce a levy on its financial institutions.

  • European Commission proposes CCCTB

    March 01, 2011

    The European Commission today unveiled its proposal for a common consolidated tax base (CCCTB) system for calculating the tax base of businesses operating in the EU.

  • European Commission proposes CCCTB

    March 01, 2011

    The European Commission today unveiled its proposal for a common consolidated tax base (CCCTB) system for calculating the tax base of businesses operating in the EU.

  • February 2011

    Extractive industry leaders get together at OECD

    February 25, 2011

    At the upcoming Extractive Industries Transparency Initiative (EITI) global conference on March 2-3 in Paris, representative leaders from companies, governments and other organisations will assess whether the EITI has been successful at leading to improvements in their jurisdictions, with certain implications from a tax perspective.

  • Commission wants views on financial sector tax

    February 22, 2011

    The European Commission is launching a public consultation today on the taxation of the financial sector.

  • OECD report highlights aggressive tax planning risks and responses

    February 03, 2011

    A report from the OECD claims that aggressive tax planning by large corporations and wealthy individuals is costing other taxpayers in many jurisdictions.

  • Commission launches consultation on taxing dividends

    February 02, 2011

    The European Commission has launched a public consultation on the tax problems that arise when dividends are distributed cross-border to investors within the EU.

  • Enter now for the European Tax Awards 2011

    February 01, 2011

    International Tax Review will present its sixth annual European Tax Awards at the Dorchester Hotel in London on May 18 2011.

  • January 2011

    OECD elects new fiscal affairs chairman

    January 31, 2011

    The OECD has revealed that Masatsugu Asakawa is to be appointed the new chairman of its Committee on Fiscal Affairs (CFA).

  • EU commissioner's group tackles financial sector taxation

    January 19, 2011

    Today’s meeting of the EU’s Tax Policy Group (TPG) discussed options for taxing the financial sector.

  • Exclusive: European Commissioner Šemeta backs FAT

    January 18, 2011

    In a speech to the European Parliament last week, Algirdas Šemeta, European Commissioner for Taxation and Customs Union, Audit and Anti-Fraud, supported the “promising option” of a financial activities tax (FAT). In an exclusive interview, International Tax Review spoke to Commissioner Šemeta about why he favours a FAT at the EU level over a financial transactions tax (FTT), how it might work and the challenges to be overcome.

  • VAT - What’s new in the Netherlands for 2011?

    January 17, 2011

    Jeroen Bijl of PwC says that the Netherlands has made some changes to the VAT rate on certain activities in 2011

  • European bank levies heighten double taxation fears

    January 11, 2011

    A report prepared for a meeting of the heads of EU governments last month shows that the profits of leading banks could be hit hard by new bank levies.

  • Companies urge European Commission to investigate Hungary’s “unjust” taxes

    January 10, 2011

    Foreign investors in Hungary have criticised the country’s ‘crisis tax’ imposed on telecommunications, energy and retail firms, arguing that it targets them unfairly.

International Tax Review Profile

Big Soda scores victory as Chicago-area tax repealed - could this be the beginning of the end of the sugar tax trend?https://t.co/PNuafWHy9K

Oct 12 2017 04:03 ·  reply ·  retweet ·  favourite
International Tax Review Profile

Ebay and Netflix pay total UK tax of less than £1.9m - How long until HMRC investigate their TP practices? https://t.co/VPPsT3aGMZ via @FT

Oct 12 2017 03:59 ·  reply ·  retweet ·  favourite
International Tax Review Profile

Panama Papers: German authorities carry out first raids in connection with tax leaks https://t.co/LgalVGGw0x via @dwnews

Oct 12 2017 03:49 ·  reply ·  retweet ·  favourite
International Tax Review Profile

RT @ScoopOnTaxes: @Skynet This will not end well for humanity. https://t.co/jsxVwDoDc5

Oct 11 2017 12:02 ·  reply ·  retweet ·  favourite
International Tax Review Profile

Goverments will one day soon look at how to tax robots https://t.co/3ghYzRmw8x

Oct 11 2017 09:34 ·  reply ·  retweet ·  favourite
International Correspondents