Archive: European Union
European Union: Ecofin Council conclusions on tax evasion and tax fraud published
May 21, 2013. Tags: European Union, tax evasion, tax fraud
On 14 May 2015, the Economic and Financial Affairs Council (Ecofin) published its conclusions on tax evasion and tax fraud. The most important details are …
Hungary: financial transaction levy and Robin Hood Tax may increase, if EU excessive deficit procedure continues
May 17, 2013. Tags: austerity, European Union, Hungary, Power&Utilities
The Minister for National Economy announced, on 10 May 2013, that Hungary may increase the financial transaction levy and the Robin Hood Tax, levied mainly …
European Union: data on tax-to-GDP ratio in EU27 and EA17 published
May 8, 2013. Tags: European Union, Growth
On 2 May 2013, Eurostat issued a news release on the overall tax-to-GDP ratio in the 27 EU Member States, revising the previous news release, …
German 2013 Annual Tax Act provisions in Conference Committee review [TAX ALERT]
May 8, 2013. Tags: European Union, Germany, mutual assistance, tax policy, VAT
On 22 March 2013, the German Upper House (Bundesrat or State Council) failed to approve the “Act Implementing the Mutual Assistance Directive and Amending Tax …
Poland and European Union: preliminary ruling requested on whether sale effected by a trader who, with authorization, used the company name of that person to conceal its economic activity cannot be regarded as a supply of goods
May 3, 2013. Tags: CJEU, European Union, Poland, VAT
On 22 January 2013, reference was made to the Court of Justice of the European Union (CJEU) by the Administrative Court of Lodz (Wojewódzki Sąd …
Belgium and European Union: preliminary ruling requested on higher taxation of interest paid by non-resident banks
May 3, 2013. Tags: Belgium, European Union, Financial Services, interest
On 28 February 2013, reference was made to the Court of Justice of the European Union (CJEU) by the Belgium Constitutional Court (Court Constitutionelle) in …
Germany: Mediation Committee postpones discussion on bill on implementation of EU Mutual Assistance Directive and amendments to fiscal provisions
April 29, 2013. Tags: European Union, Germany, mutual assistance
In its meeting on 23 April 2013, the Mediation Committee (Vermittlungsausschuss) did not reach a compromise about the content of the bill on the implementation …
European Parliament approves reporting requirements for banks
April 29, 2013. Tags: European Union, Financial Services
On 16 April 2013, the European Parliament approved a 2011 European Commission proposal on the reporting requirements for banks. Details are summarized below. Background In July 2011, …
Austria to preserve bank secrecy
April 19, 2013. Tags: Austria, bank secrecy, European Union, tax evasion
It has been reported that, on 12 April 2013, the Austrian Minister of Finance reiterated, in front of journalists in Dublin before the latest European …
Tax transparency reporting: The developing European Union banking agenda [TAX ALERT]
April 15, 2013. Tags: European Union, Financial Services
On 5 March 2013, the European Council announced its broad endorsement of the recently announced EU proposals for greater financial transparency specifically aimed at the …
Slovakia’s stricter supplies rules
April 15, 2013. Tags: European Union, indirect tax, Slovakia, VAT
Proof requirements for intra-Community trade are stiffening up in Slovakia
Have the German VAT requirements for intra-EU sales returned to their roots?
April 10, 2013. Tags: European Union, Germany, indirect tax, VAT
On 1 January 2012, provisions for the documentation required for intra-Community supplies were severely tightened.
European Commission requests public consultation on proposed Taxpayer’s Code [TAX ALERT]
April 9, 2013. Tags: European Commission, European Union, tax evasion, tax fraud
The European Commission (EC) published, on 25 February, a consultation paper and related questionnaire with respect to a European Union’s (EU) Taxpayer’s Code (the Code). …
Indirect taxation in 2013: indirect tax systems are becoming more efficient
April 8, 2013. Tags: European Union, GST, indirect tax, OECD, VAT
Many countries are currently in the process of refining their indirect tax systems.
Cyprus and European Union: estimates relating to haircut on deposits “around 80% in Popular Bank and 50% in Bank of Cyprus”
April 4, 2013. Tags: Cyprus, European Union, Financial Services
On 26 March 2013, the Cypriot Minister of Finance estimated, while in a TV interview, that the haircut imposed on deposits in the context of …
Tech tariff challenge
April 3, 2013. Tags: European Union, indirect tax, technology
As the European Court addresses tariff classification for components, what are the implications for the technology sector?
Cyprus: Eurogroup reaches agreement on EU bailout
March 28, 2013. Tags: Cyprus, European Union, Financial Services
In the early hours of 25 March 2013, the Eurogroup ministers reached a deal on the EU bailout of Cyprus. Previously, the Cypriot Parliament had adopted …
Cyprus and European Union: Government submits nine new draft laws to Parliament to ensure EU bailout
March 26, 2013. Tags: Cyprus, European Union, Financial Services
On 21 March 2013, the Cypriot Government submitted nine new draft laws to the Parliament, in the context of the EU bailout scheme, which is …
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