This article presents the results of a detailed analysis of data on environmental taxes in the European Union (EU), complementing the article on environmental tax statistics. It provides information on the structure, payers and evolution of environmental tax revenue.
Question for written answer P-002400-19 to the Commission (Rule 138) by Sven Giegold (Verts/ALE) on the Effectiveness of automatic exchange of information under DAC1.
Today, the International Consortium of Investigative Journalists published the Mauritius Leaks which reveal how multinational companies, with the help of the law firm Conyers Dill & Pearman and major audit firms, used legal loopholes, dodgy schemes and tax treaty shopping to avoid paying taxes in Africa, Asia, the Middle East and the Americas.
A new EU-wide public poll on the perception of the illicit tobacco trade reveals that cigarette smuggling continues to be a major concern for EU citizens. The findings of today’s poll seek to help Member States better target related awareness-raising campaigns to lower demand for illegal tobacco.
Given the sensitivities of qualified majority voting (QMV) in tax matters, the European Economic and Social Committee (EESC) supports the European Commission’s ambition to kick-start a debate on how to reform decision-making in EU tax policy.
A pilot project has been set up to allow taxable persons to obtain advance rulings on the VAT treatment of complex cross-border transactions. Several Member States are participating in this project, set up by the EU VAT Forum. Taxable persons envisaging cross-border transactions between two or more of the participating Member States can request for such a ruling with regard to the VAT treatment of the transactions they foresee.
ECA examined whether the European Commission has established a sound regulatory and control framework for e-commerce with regard to the collection of VAT and customs duties, and whether Member States’ control measures help ensure the complete collection of VAT and customs duties on e-commerce. The report found that despite recent positive developments the EU is not currently dealing adequately with these issues but have addressed some of the weaknesses identified with the “e-commerce package”.
ECA makes a number of recommendations as to how the European Commission and the Member States should better address the challenges identified and establish a sound regulatory and control framework.
The European Securities and Markets Authority (ESMA), the EU’s securities markets’ regulator, has published today a Public Statement on IAS 12 Income Taxes, setting out its expectations regarding the application of the requirements relating to the recognition, measurement and disclosure of deferred tax assets (DTAs) arising from unused tax losses in IFRS financial statements.
Following an amendment to the Union Customs Code Delegated Regulation (EU) 2015/2446, it will be possible from 1 January 2021 to declare goods up to 150 € using a customs declaration that requires 3 times less data than a standard declaration.