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On December 8, 2015 the Council of the European Union issued a press release announcing that on that same date it adopted a Directive aimed at improving transparency on tax rulings given by Member States to companies.
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On December 8, 2015 on the website of the European Council/Council of the European Union a press release was published in which it is announced that the Council of the European Union approved the conclusion of agreements with Liechtenstein and Switzerland aimed at improving tax compliance by private savers.
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On December 8, 2015 the Australian Taxation Office (ATO) issued a press release announcing that it has compiled a list of 100 advisers and promoters, operating onshore and offshore, that have a direct link with people who have evaded taxes which it has shared with nine key overseas tax administrations.
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In today’s edition: Australia – Tax and business incentives to boost economic growth & jobs; Australia – Amendments to the income tax transparency laws; Luxembourg – Luxembourg to appeal the Commission’s Fiat decision
Read more: International Tax Plaza’s Quick News from December 7, 2015
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Like we already reported last week the European Union’s Economic and Financial Affairs Council (ECOFIN) is going to have its next meeting on December 8, 2015. The meeting seems to have a full Agenda and many items on the Agenda regard taxation.
According to the documents available on the website of the European Council/Council of the European Union the tax subjects on the Agenda include a.o.:
· Financial Transaction Tax
· Common Consolidated Corporate Tax Base
· Future of the Code of Conduct (Business Taxation)
· Base Erosion and Profit Shifting (BEPS)
· Cross-border tax rulings
· Taxation agreements – Liechtenstein, San Marino and Switzerland
Below we will elaborate a bit on every subject. Links to relating documents we could find on the website of the European Council/Council of the European Union are in Bold and Blue.
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