Finance Minister and Vice Chancellor Olaf Scholz (SPD) and his French counterpart Bruno Le Maire (LREM) are confident that the current OECD negotiations on international tax systems will be concluded by the end of 2020. EURACTIV Germany reports.
A new corporate tax could raise €10 billion a year to help fund stimulus plans while amounting to less than 0.2% of turnover of large companies that benefit from the European Union's single market, the bloc's executive said on Monday (1 June).
After national capitals blocked a deal to force multinationals to publish the income tax they pay in the EU last month, businesses representatives argued that corporate tax should not be the sole tax transparency target during an event at EURACTIV.
The fight against corporate tax avoidance is central to the European Commission's political aims of ensuring a fairer Single Market and more stable environment for business.
While the current trajectory of public finances in France worries the French court of auditors, the Council for Economic Analysis recommends drastic fiscal measures, including the removal of harmful taxes and providing some tax relief. EURACTIV France ...
European Commission will urge finance ministers on Friday (17 May) to agree on a floor to corporate taxation, as part of a strategy to shape the ongoing global debate on tax matters, according to documents seen by EURACTIV.com
Billionaire fortunes increased by 12% a day in 2018, while the 3.8 billion poorest people saw their wealth decline by 11% a day, according to a report released by Oxfam to mark the opening of the World Economic Forum (WEF) in Davos.
The European Commission on Tuesday (15 January) proposed to end the veto power member states have over EU tax matters, an idea rejected by several smaller countries including low-tax hub Ireland.
The “Google tax” will return to the EU finance ministers’ agenda on 7 September. However, whereas France and Spain are arguing in favour of the European plan, Germany seems to be hindering its adoption. EURACTIV France reports.
Economists consider, based on tax havens’ statistics such as Bermuda or Ireland, that 40% of multinational companies' profits avoid taxation. The EU would thus be deprived of a fifth of its income from companies. EURACTIV.fr reports.