The EU has released its first ever blacklist of 17 tax havens, including South Korea, United Arab Emirates and Panama, as well as a grey list of 47 other jurisdictions, but has received criticism for going easy on notorious tax havens.
Independent law firm Flick Gocke Schaumburg is opening an office in Düsseldorf in early 2018, drawing on a team of tax and transfer pricing experts from its Bonn office.
Italy is hoping its proposed digital sales tax will send a message to the EU and accelerate the process of finding consensus on digital economy taxation. However, the proposal interferes with the EU’s plans and could create double taxation scenarios.
Corporate tax revenue collections remain at low levels around the globe, the OECD’s annual tax revenue statistics show, but advisers believe increased transparency and potential audits drawing on country-by-country reports could turn this around.
The UK’s Autumn budget proposed a new withholding tax on royalties to low-tax jurisdictions that experts warn could backfire and trigger harmful tax competition.
Estonia has been leading the debate on digital tax in the EU throughout its EU Council presidency. Andrus Ansip, European Commission vice-president for the digital single market, speaks to TP Week about the CCCTB, the equalisation tax, and why he doesn’t think other countries can simply copy Estonia’s model for digital success.
