Accounting News

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EU removes Belize from its Tax Haven Blacklist

The European Council agreed to remove Belize from the EU’s list of non-cooperative tax jurisdictions. North Macedonia meets commitments. Belize has passed the necessary reforms to improve its tax ... Read More

Google fined nearly €1 billion in ‘historic’ tax fraud ruling

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 ... Read More

VAT Gap: EU countries lost €137 billion in VAT revenues in 2017

EU countries lost €137 billion in Value-Added Tax (VAT) revenues in 2017 according to a study released by the European Commission today. The so-called ‘VAT Gap’ – or the ... Read More

Germany to cut corporate tax for SMEs

On August 29, 2019, German Economy Minister Peter Altmaier announced the outlines of a plan to reduce the tax and regulatory burden on small and medium-sized companies in Germany. ... Read More

New Greek Government planning deep Tax cuts

Following its recent election victory, the New Democratic Government in Greece will bring forward legislation for a wide range of tax cuts, including a substantial reduction in corporate tax ... Read More
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New EU-wide tax system to offer more tax certainty in double taxation issues

The European Commission has announced that new EU rules come into force as from the 1st of July  to ensure quicker and more effective resolution of tax disputes between Member States, ... Read More
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KPMG to settle charges by paying a $50 million penalty

The Securities and Exchange Commission (SEC) charged KPMG LLP with altering past audit work after receiving stolen information about inspections of the firm that would be conducted by the ... Read More
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EU removes three territories from tax blacklist

The European Council has confirmed that Aruba, Barbados, and Bermuda are to be removed from the EU’s list of non-cooperative tax jurisdictions. The original list was announced in December ... Read More
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EU Presidential debate hears call for minimum 18% corporation tax rate across the EU

A debate among the lead candidates for the presidency of the European Commission has heard a call for a minimum 18% corporation tax rate across the EU. The call ... Read More

Dutch Beneficial Ownership Register effective 2020

The Dutch Government has confirmed that a registry of ultimate beneficial owners of companies will enter into force in the Netherlands from January 2020. Legislation to implement the UBO ... Read More
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