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.
A judgement from the European Court of Human Rights is critical of Russia’s treatment of oil company Yukos, but states that it was not politically motivated and that no misuse of Russian court proceedings has occurred. The implications are not expected to be far-reaching.
European tax officials gave delegates at the Global Transfer Pricing Forum last week an insight into the issues they look for when assessing taxpayers.
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.
The Dutch government has released its tax plans for 2012 with changes to the rules on the deductibility of interest and the treatment of foreign permanent establishments topping the bill.
