24 July 2017 1.Irish Government launches procurement procedure for custodian to manage State aid recovery fund Notwithstanding the appeal against the EU Commission decision and the Irish Government’s vehement denial that state aid was granted to Apple, the Government is ensuring the recovery of the alleged state aid sum is completed. The state aid recovery […]

17 July 2017 1.OECD publishes update to the Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations The updated 2017 Transfer Pricing guidelines incorporate a consolidation of the changes made as part of the OECD BEPS project. In particular it takes account of the substantial changes made pursuant to BEPS Action 8-10, Aligning Transfer Pricing […]

10 July 2017 1.EU Parliament Committee of Inquiry calls for regulation of tax intermediaries The European Parliament Committee of Inquiry into contraventions of EU law arising from the Panama Papers revelations called for ‘regulation of tax intermediaries, regretting that intermediaries are currently regulated in non-harmonious manner across the EU’. The draft Report of the Committee […]

03 July 2017 1.As the 4th Anti-Money Laundering Directive becomes fully effective, European Commission publishes supranational risk report The European Commission published on 26 June the Supranational Risk Report pursuant to the Fourth Anti-Money Laundering Directive, which is now fully effective. The Fourth Anti-Money Laundering Directive reinforces existing EU rules on the risk assessment obligations […]

June 30, 2017 International Conference on „Growth and Taxes” This event was jointly hosted by BIAC, ICC and BusinessEurope. CFE was also invited to share its experience within the field of Taxpayer rights. CFE President attended the conference as a keynote speaker for Session 3 which focused on Charter of Taxpayers’ Rights: „As an increasing […]

27 June 2017 1.European Commission published a proposal for Directive on ‘intermediaries’ The European Commission published on 21 June the proposal for a Directive on ‘intermediaries’ that aims to establish an obligation for mandatory disclosure to tax authorities of reportable cross-border arrangements coupled with automatic exchange of information. The proposal of the Commission comes in […]

19 June 2017 1. Financial Transaction Tax on the Agenda at ECOFIN meeting The proposal for a financial transaction tax by means of enhanced cooperation was discussed at the recent ECOFIN meeting held in Luxembourg on Friday 16 June. Proposals for an EU-wide directive failed in 2011 and subsequently a procedure for enhanced cooperation was […]

12 June 2017 1.OECD Multilateral Instrument signed in Paris The OECD Multilateral Instrument (“MLI”) was signed by 67 government ministers on 7 June 2017. The Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS is intended to transpose results from the OECD BEPS Project into thousands of double taxation conventions worldwide, and is […]