Search Results for: tax loopholes
OECD:All interested countries and jurisdictions to be invited to join global efforts led by the OECD and G20 to close international tax loopholes
February 25th, 2016
The OECD today agreed a new framework that would allow all interested countries and jurisdictions to join in efforts to update international tax rules for the 21st Century. The proposal for broadening participation in the OECD/G20 Base Erosion and Profit Shifting ...
G20 leaders endorse OECD measures to crack down on tax loopholes
November 19th, 2015
G20 leaders endorse OECD measures to crack down on tax loopholes, reaffirm its role in ensuring strong, sustainable and inclusive growth The leaders of the world’s 20 largest economies today endorsed overhauled global standards to crack down on tax ...
Countries adopt multilateral convention to close tax treaty loopholes
November 28th, 2016
More than 100 jurisdictions have concluded negotiations on a multilateral instrument that will swiftly implement a series of tax treaty measures to update international tax rules and lessen the opportunity for tax avoidance by multinational enterprises. The new instrument ...
Europe plans new directive on corporate tax
June 16th, 2021
The European Commission plans to propose a new directive to ensure “uniform implementation across all European Union member states” of any deal on international rules for corporate taxation. The Government has previously suggested such rules could cost Ireland up ...
Google fined nearly €1 billion in ‘historic’ tax fraud ruling
September 23rd, 2019
Google has been ordered to pay nearly €1 billion to the French government over allegations of tax fraud. The ruling comes as European authorities are exploring new ways to clamp down on digital tax evasion. The French government and ...
The Netherlands to tighten tax rules for foreign firms
November 28th, 2018
The Netherlands said it will tighten rules on tax breaks for foreign firms after facing criticism from the EU for offering complicated schemes for multinationals. Dutch authorities said they were cracking down on “letter box firms” with a Dutch ...
Positions, problems and prospects of EU ‘digital tax’ proposal
September 14th, 2018
Explained: The EU ‘Digital Tax’ Scramble EU finance ministers met last weekend for the fourth time this year to agree on a tax levy targeting large digital multinationals such as Apple, Facebook and Google – yet the political battle ...
The New EU Rules for Anti-Money Laundering and Tax Avoidance Enter Into Force
June 28th, 2017
Strengthened EU rules to tackle money laundering, tax avoidance and terrorism financing enter into force The Juncker Commission has made the fight against tax avoidance, money laundering and terrorism financing one of its priorities. On June 26,2017 the Fourth ...
ACCA welcomes the EU Commission’s proposal on taxation information amendment
June 26th, 2017
More tarnsparemncy over aggressive Tax planning arrangements and Beneficial Ownership is welcome, but a balanced and consistent implementation is needed to maintain a level playing field, says ACCA ACCA (the Association of Chartered Certified Accountants) welcomes the European Commission’s ...
Italy gets Google to pay $335 million in tax arrears
May 5th, 2017
Google has buckled again under government pressure and agreed to pay millions in back taxes in Europe. Italy’s tax agency confirmed that Google (GOOGL, Tech30) would pay €306 million ($335 million) to cover taxes for the years 2009 to ...
