EU ‘unshell’ directive to start another ‘cottage industry’ for advisors The European Commission published tax initiatives in December including a directive to tackle shell entities. This could start a “cottage industry” for advisors to sell tax structures to multinational enterprises... By Danish Mehboob January 10 2022
The OECD releases model rules for a global minimum tax The OECD released model rules for its 15% global minimum corporate tax to define the limits to national tax and trade incentives for large companies. By Danish Mehboob December 20 2021
This week in tax: the OECD’s pillar two model rules have been leaked The OECD’s model rules for a 15% global minimum tax are already circulating among government tax advisors, but the public draft is due on December 20. By Danish Mehboob December 17 2021
Taxpayers win against authorities in CJEU ruling over DAC6 data fishing The latest outcome from the European Court of Justice (CJEU) on a directive 2018/822 (DAC6) case shows that companies can avoid penalties for intrusive data inquires when EU tax authorities... By Danish Mehboob December 15 2021
This week in tax: Uber forced to change business model over UK case Uber will have to change its UK business model following the Supreme Court ruling that drivers using the app are employees, not independent contractors. By Danish Mehboob & Josh White & Leanna Reeves December 10 2021
BusinessEurope wary of EU directive on BEPS 2.0 The Confederation of European Business (BusinessEurope) highlights several risks multinational enterprises (MNEs) face from the EU directive on the OECD’s global tax reform due on December 22. By Danish Mehboob December 09 2021
UK simplifies R&D incentives and TP rules to boost digital activities The UK government is making a series of tax simplifications to make its tax environment more competitive. The changes align with the 2023 timeline for the OECD’s global tax reform,... By Danish Mehboob December 03 2021
Fund managers find the administration of DAC6 still outweighs reporting problems Tax directors find identifying ‘at-risk’ transactions is a bigger burden than reporting them. Many companies have cross-border transactions linked to the EU that fall inside the scope of DAC6’s broad... By Danish Mehboob November 22 2021
This week in tax: EU on track for public CbCR by 2023 This week the European Parliament voted to implement public country-by-country reporting (CbCR) across the EU. The vote was the last obstacle for making public CbCR a reality across the economic... By Danish Mehboob & Alice Jones & Leanna Reeves November 12 2021
European Parliament greenlights public CbCR directive The EU's public country-by-country reporting (CbCR) directive will be published in the Official Journal of the EU after receiving final approval from the European Parliament. By Danish Mehboob November 12 2021
