Financier Worldwide Magazine’s Post

European Union countries are largely on track to start applying Pillar Two of the global tax deal next year, but the finalization of Pillar One remains uncertain, an EU official said at a European Tax Adviser Federation seminar Wednesday. The European Commission, the EU's executive, is "optimistic that all member states will transpose" the EU's minimum tax framework law "in time and in a very comprehensive way," said Reinhard Biebel, head of direct tax policy and coordination in the commission's tax directorate. Read more from Stephen Gardner: https://lnkd.in/d8Fenwfg #OECD #tax #globaleconomy #internationaltax

📢 Our firm ATOZ Tax Advisers Luxembourg explores the implications of the European Commission’s Proposal for a Council Directive on Faster and Safer Relief of Excess Withholding Taxes. With this new initiative, the Commission aims to tackle the current particularly burdensome withholding tax refund procedures for cross-border investors in the EU and, at the same time, the risks of tax abuse related to refund procedures revealed notably by the Cum/Ex and Cum/Cum scandals 🇪🇺 Click the link commented below to continue reading🔗 #EUtaxreform #Tax #Taxand

The European Commission has taken action against nine Member States (Cyprus, Estonia, Greece, Latvia, Lithuania, Malta, Poland, Portugal and Spain) over failure to implement the 15% Global Minimum Tax under the Pillar Two agreement. #OECD #Pillar2 #GlobalMinimumTax #MNEs #EU #Cyrus #Estonia #Greece #Latvia #Lithuania #Malta #Poland #Portugal #Spain

In this latest issue of Finance Dublin, Andrew Quinn sets out what he considers were the 2023 tax highlights in Ireland, the EU and globally. It's no surprise that the key theme is the Global Minimum Tax, now law across the EU, and the continued growing influence of the EU in tax matters. Andrew also explains a significant enhancement expected later this year for Irish holding companies, which we think will help US and international groups centralise and manage their exposure to the Global Minimum Tax. For more information, visit https://lnkd.in/eifdhpR5. #Tax #Taxation #InternationalTax #EU #EUTax #BEPS

#Services provided by non-residents to local businesses are subject to #withholding tax of 15 percent. In this newsletter we consider some of the policy issues including as regards the rate, the scope (which now extends to services performed outside the country), double tax agreement considerations, as well as initiatives suggested by the United Nations Committee of Experts on #International Cooperation in #Tax Matters with regard to the international tax treatment of services. For more on this, see our newsletter: https://ow.ly/fXAx50RWAF8

New EU tax regulations are on the horizon. The FASTER Directive is a welcome step forward and could apply to all taxpayers. Read the latest news from the AGN EMEA Tax Committee - contributed by Tomasz Paszkowski, to understand the key components and implementation timeline for the Faster and Safer Relief of Excess Withholding Taxes (FASTER) Directive. https://lnkd.in/d5ej9Rdy #AGN #EMEA #TaxCommittee #News #EU #TaxLaws #Regulations #Changes #FASTERDirective

TAX NEWS – The Italian government has approved the final version of the new special tax regime for inbounds on December 19th, 2023. The final version takes into account the observations made by the Parliamentary Committees and is ultimately less stringent than the initial version. Please have a look at the news summarized in the document below by our global mobility experts Cristina Martello and Paola Lova. #bureauPlattner #TaxRegime #GlobalMobility #Tax

Finance has released draft legislation that includes many significant outstanding #tax measures including a draft Global Minimum Tax Act, a revised draft Digital Services Tax Act and revised excessive interest and financing expenses limitation (EIFEL) rules. Learn more about these changes in this edition of TaxNewsNow:

#Tax attorney Joshua Odintz recently authored an article in TAXES — The Tax Magazine on recent #IRS guidance regarding foreign #taxcredits and the #OECD Pillar Two global #minimumtax. Mr. Odintz examines extended relief under Notice 2023-80 and provisions on the creditability of top-up taxes. Click here to read and learn more on the impact of evolving #internationaltax regimes on cross-border activities. #taxlaw

🌐 International Tax Feature 🌐 In the June issue of Insider Media's North West Business Magazine, Tax Partner Nick Donohue discusses the different scenarios where international tax work could take place, including its issues, legislation and how our UHY team can advise and assist. To read more of the latest issue, click the link below. 👇 https://lnkd.in/eqCcxviU #internationaltax #tax #business