EXCLUSIVE: The OECD’s inaugural Global Forum on VAT will meet on November 7-8, when around 90 countries will share their best practices in designing efficient and effective VAT policy.
Italy had planned to increase VAT by two percentage points to ease the burden on poorer households, but the increase has now been halved. It is not expected to affect companies’ tax calculations significantly.
Norway’s carbon tax hike shows the country is taking its climate change commitments seriously, but the oil industry is concerned that the measure will undermine the EU Emissions Trading Scheme (ETS).
After months of fraught discussions, and years as a radical fringe policy ignored by those in power, the financial transactions tax (FTT) is set to become a reality as 11 EU member states have decided to adopt it.
Cost contribution arrangements (CCAs) have been treated with suspicion by both taxpayers and authorities. But an EU Joint Transfer Pricing Forum (JTPF) report seeks to help the two parties find common ground on services not creating intangible property.
The European Commission launched a public consultation yesterday, asking businesses and EU citizens their opinion on reduced VAT rates for certain goods and services.
