Amazon under investigation by the European Commission

ConstantinosEU, International Tax0 Comments

Amazon

The European Commission has opened an in-depth investigation to examine whether a tax ruling given by the Luxembourg’s tax authorities with regard to the corporate income tax to be paid by Amazon in Luxembourg complies with the EU rules on state aid. The said tax ruling dates back to 2003 and is still in force. It applies to Amazon’s subsidiary Amazon … Read More

Revised Savings Taxation Directive

ConstantinosEU, International Tax0 Comments

eu flags

On 24 March 2014 the EU Council of Ministers adopted a revised version of the Savings Taxation Directive. The main changes to the existing Savings Directive which were made with a view to closing existing loopholes are the following: Adoption date Council has requested that national rules for transposing the revised Savings Directive should be adopted by Member States by January 2016. … Read More

Taxation of the Digital Economy: High-level Expert Group presents final report

ConstantinosEU, International Tax0 Comments

The European Commission has received the final report of the High-level Expert Group on Taxation of the Digital Economy. The report from independent experts covers taxation issues linked to the digital economy in the broadest sense, looking at indirect (VAT) and direct (corporate) taxation, as well as wider issues on how tax policy can help maximise the opportunities that the … Read More

EU Parliament voting on UBO public registries

ConstantinosEU0 Comments

On March 11th, 2014, the European Parliament endorsed the creation of public registers of ultimate beneficial owners of companies, trusts and other legal structures. The Parliament voted 643 to 30 in favour of a common position on the revision of the EU Anti-Money Laundering Directive (AMLD). This will make it much harder for criminals, tax evaders, corrupt politicians and other … Read More