The VAT Package, which the EU's Economic and Financial Affairs Council adopted in February 2008, includes fundamental changes to the current VAT system with regard to cross-border supplies of services, especially with regard to business-to-business transactions, reveal Gotz Neuhahn, Joachim Eggers and Susanne Wieser-Duyfjes of PricewaterhouseCoopers
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Ireland’s Department of Finance reported increased income tax, VAT and corporation tax receipts from 2024; in other news, it’s understood that HSBC has agreed to pay the French treasury to settle a tax investigation
The EU has seemingly capitulated to the US’s ‘side-by-side’ demands. This may be a win for the US, but the uncertainty has only just begun for pillar two