Head of Policy @AccountancyEU tweeting mainly tax, occasional memes & SMEs | @TaxCOOP 35 Leaders of the Future | ๐ซ๐ฎ+๐ต๐น+๐ง๐ช=๐ช๐บ | Tweets own/RT โ endorse
Deja vu! Last ECOFIN reached an agreement on VAT in digital age (ViDA) but as the final agreement differs significantly from original @EU_Taxud proposal, @EUCouncil will request @Europarl_EN to provide a new opinion. Without EP opinion the file cannot become EU law. Stay tuned ๐ง
The Commission has adopted this morning its proposal for a DAC9. It will facilitate the implementation of Pillar 2 by allowing MNEs to report in one Member State only instead of 27.
#Taxes#OECD@EU_Taxud
.@EUCouncilPress ECOFIN finance ministers will aim for political agreement on @EU_Taxud#VAT in the digital age (ViDA) proposal at their 5 November meeting. This proposal, if adopted, would contribute to reducing companies' & SMEs' admin burdens in the future, so fingers crossed!
๐EC to look into taxation & harmful fossil subsidies
๐VAT exemption for financial services is "outdated"
Next step: all nominees grilled by MEPs on 4-12 November & then confirmatory vote. New COM could start Dec 24 otherwise early 2025
Written replies: https://t.co/IjgUxSZjAw
Written responses from @EU_Commission Commissioner nominees to @Europarl_EN questions now public! For #tax note the following commitments:
๐Align tax & energy policies
๐Examine how to broaden our tax-mix (in light of ageing population, new ways of working etc.)
๐COM has initiated a study to look into possible ways of taxing financial sector
๐Aviation tax as part of a wider reflection that the COM has started on future of VAT, incl special schemes for travel agents and passenger transport operators
.@Europarl_EN Plenary will adopt in November its opinion on the @EUCouncil agreement on FASTER withholding #tax@EU_Taxud proposal. After that the text can be published in the EU Official Journal & will become EU law ๐ค
Ahead of this hearing, @EP_Taxation@Europarl_EN research services have published an informative briefing about #tax compliance costs in the EU. Check it out! https://t.co/AuqF5av65S
.@Europarl_EN@EP_Taxation Committee will hold on 17 October a public hearing titled "Simplification and and Transparency", focusing in particular on compliance costs & administrative burdens related to #tax. Impressive speaker line-up & a must-watch! https://t.co/EuDAFnHz9u
๐The EU list of non-cooperative jurisdictions for tax purposes promotes transparency & fair taxation globally.
Today ๐ช๐บEU ministers @EUCouncil decided to update the list.
This means:
โก๏ธ11 countries on Annex I
โก๏ธ9 countries on Annex II
More info ๐ https://t.co/0jfGYvne8k
New mandate, new #tax priorities! What could @vonderleyen Commission 2024-2029 mean for tax? Check my latest @tax_journal article for some (educated) speculation ๐ง DISCLAIMER: no one knows for sure what will come so take it with a pinch of salt ๐https://t.co/61oF7is3WF
Accountancy Europe has just published its factsheet on the @EUCouncil final agreement on @EU_Taxud#FASTER withholding #tax legislation. Handy overview of the provisions and what they will change, have a look! ๐ฅณ https://t.co/b31nli8hXj
Joint call by ๐ฑ๐บ๐จ๐ฟ๐ฆ๐น๐ญ๐ท๐จ๐พ๐ฉ๐ฐ๐ช๐ช๐ซ๐ฎ๐ฉ๐ช๐ฎ๐ช๐ฑ๐ป๐ฑ๐น๐ฒ๐น๐ณ๐ฑ๐ต๐ฑ๐ต๐น๐ท๐ด๐ธ๐ฐ๐ธ๐ฎ๐ธ๐ช on priorities for the new @EU_Commission in the ๐ช๐บ Single Market.
To increase #competitiveness we need to relaunch the #SingleMarket as a matter of priority.
โก๏ธ https://t.co/PkztWJ9CbH
๐Improve tax data collection & sharing notably through technology and AI
๐work on implementation of international tax reform
Full mission letter here: https://t.co/AVpv0DwIlk
.@WBHoekstra has just been appointed by @vonderleyen as the next Commissioner in charge of @EU_Taxud. Next step is for @Europarl_EN MEPs to quiz the candidates, and then approve the new Commission as a whole. So nothing is 100% confirmed yet ๐ซข
@WBHoekstra@vonderleyen@EU_Taxud@Europarl_EN ๐develop a โcoherent tax frameworkโ for the EUโs financial sector
๐Continue reform of corporate tax, including by concluding negotiations on the โcorporate tax packageโ
๐fight against tax fraud, avoidance and evasion