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.
The Greek parliament heard a new tax Bill last week which includes developments in the area of dispute resolution. The Bill was voted on in principle but will be voted on again next week, advisers say.
A new tax Bill which was heard and voted for in principle in the Greek parliament last week, and which will be voted on again next week, means investment firms are now exempt from the application of thin capitalisation rules.
The Office for Tax Simplification (OTS) has released its final full report on the review of UK tax reliefs ahead of the Chancellor’s March 23 budget, suggesting the abolition of nearly 50 reliefs and the closer assessment or simplification of a further 54.
In a case about the compatibility of a three year period for claiming a dividend withholding tax refund with the principle of effectiveness, Advocate-General Wattel of the Dutch Supreme Court rejected the taxpayer’s claim because it was filed too late.
