OECD countries advancing slowly on sustainable development targets by 2030

​The 2030 Agenda for Sustainable Development has an unprecedented ambition, but also confronts countries with an enormous challenge given the complex and integrated nature of the Agenda with its 17 Goals, underpinned by 169 Targets.​Despite progress made since the adoption of the 2030 Agenda for Sustainable Development and its 17 Goals (SDGs), OECD countries have met or are close to meeting only a quarter of...

Artificial intelligence: MEPs want the EU to be a global standard-setter

​On Tuesday 3 may 2022 the European Parliament adopted the final recommendations of its Special Committee on Artificial Intelligence in a Digital Age (AIDA).Parliament proposes an EU Roadmap to 2030Huge benefits of using AI to address climate change, pandemics and the labour marketMEPs warn about risks to fundamental rights, particularly privacy Background The AIDA Committee started work in September 2020. It was...

The Report on the State of Effectiveness and Compliance with the FATF Standards gives a comprehensive overview of the state of global efforts to tackle money laundering, terrorist and proliferation financing. ​

Overall, the report finds that countries have made huge progress in improving technical compliance by establishing and enacting a broad range of laws and regulations to better tackle money laundering, terrorist and proliferation financing. This has created a firm legislative basis for national authorities to ‘follow the money’ that fuels crime and terrorism.>> FATF (2022), Report on the State of Effectiveness Compliance with FATF Standards,...

Future of Europe: Conference Plenary ambitious proposals point to Treaty review

​The Conference Plenary concluded its work, with MEPs expressing their approval of the outcome and announcing that Parliament intends to kick-start EU reforms.​Conference Plenary adopts 325 proposals for wide-ranging reformsParliament’s delegation decided by broad majority to support the proposalsMEPs will, based on citizens’ demands, seek to formally initiate amending the Treaties Citizens’ feedback on proposals overwhelmingly positive, plea for swift follow-up ​At its final meeting,...

Governments Need Agile Fiscal Policies as Food and Fuel Prices Spike

Invest in a greener and more inclusive human-centred recovery ILO tells World Bank and IMF

In statements to the annual meetings of the IMF and the World Bank Group, ILO Director-General, Guy Ryder, emphasized the urgency of fostering a human-centred recovery amid a fragile outlook for 2022.ILO Director-General, Guy Ryder, has called for urgent action to create decent work in the green, care and digital economies to contribute to a just transition to carbon neutral economies and to prevent inequalities...

Digital Services Act: agreement for a transparent and safe online environment

Parliament and Council reached a provisional political agreement on the Digital Services Act (DSA). Together with the Digital Markets Act, the DSA will set the standards for a safer and more open digital space for users and a level playing field for companies for years to come.​EU negotiators agree on landmark rules to effectively tackle the spread of illegal content online and protect people's fundamental...

Portable electronic devices should all include USB Type-C port for charging ...

​On Wednesday 20 april 2022, the Internal Market and Consumer Protection Committee of the EP adopted its position on the revised Radio Equipment Directive with 43 votes in favour (2 against).MEPs support a common charger for portable electronic devices, reducing e-waste and making the use of different mobile phones, tablets and digital cameras more convenient. MEPs also want harmonisation for wireless charging.> Fewer redundant cables...

Discover the IPCC Sixth Assessment Report on climate change

Artificial intelligence: the EU needs to act as a global standard-setter

​Parliament’s Special Committee on Artificial Intelligence in a Digital Age (AIDA) adopted its final recommendations on Tuesday 23 march concluding 18 months of inquiries.​Special committee on artificial intelligence proposes EU Roadmap up to 2030Imbalance in favour of dominant tech platforms poses systemic risks to democracyHuge benefits of using AI against climate change, pandemics and in the labour marketAI can also pose threats to fundamental...

Deal on Digital Markets Act: EU rules to ensure fair competition and more choice for users

On 24 march evening, Parliament and Council negotiators agreed new EU rules to limit the market power of big online platforms. The Digital Markets Act (DMA) will blacklist certain practices used by large platforms acting as “gatekeepers” and enable the Commission to carry out market investigations and sanction non-compliant behaviour. The text provisionally agreed by Parliament and Council negotiators targets large companies providing so-called...

Russia-ukraine conflict: stagflation ahead

​The escalation of the conflict in Ukraine and the invasion of the latter by the Russian military on 24 February has triggered turmoil in the financial markets, and drastically increased uncertainty about the recovery of the global economy two years after the onset of the COVID-19 pandemic. With Russia being the world’s third-largest oil producer, the second-largest natural gas producer and among the top five...

To raise more tax revenue, first build up taxpayers’ trust

Tax Policy and Gender Equality :- 22 countries have implemented specific tax reforms to improve gender equity.

Promoting gender equality, as reflected in the Universal Declaration of Human Rights and the Sustainable Development Goals, is a human rights objective for many governments, including in G20 and OECD countries.Improving gender equality is not only an issue of fairness but can also produce a significant economic dividend. Working towards more inclusive economies in which women participate fully is important for economic growth and, in...

OECD Tax and Development Days 2022

Following the success of its first edition in January 2021, the OECD is pleased to host the Second Tax and Development Days on 16-17 February 2022. Due to the ongoing health crisis, the event will be held virtually on Zoom. About All members of the OECD/G20 Inclusive Framework on BEPS (Inclusive Framework) and key stakeholders are invited to participate, with all sessions also open to...

National legislation requiring Spanish tax residents to declare their overseas assets or rights is contrary to EU law

The restrictions on the free movement of capital imposed by that legislation are disproportionate On the 15 February 2017, the Commission issued a reasoned opinion in which it found that certain aspects of the requirement for Spanish tax residents to declare overseas assets or rights [1] by means of a form entitled ‘Form 720’ were incompatible with EU law. According to the Commission, the consequences...

Serious and Organised Crime Threat Assessment (SOCTA) : identifying the priorities in the fight against major crime

One of Europol’s flagship reports, the Serious and Organised Crime Threat Assessment (SOCTA) updates Europe’s law enforcement community and decision-makers on such developments in serious and organised crime and the threats it poses to the EU. ​Informed by its analysis of the prevailing threats, the SOCTA identifies a number of high priority crime areas that the operational response in the EU should focus on.​Facts Serious...

New tax treaty between France and Belgium - Do you own a French real estate property? Nothing is set in stone

Tax experts from Mazars Société d’Avocats (France) and CAZIMIR (Belgium) have analyzed the potential impacts of the changes of the new Treaty for their clients (wealthy individuals and owners of family businesses). In this article, we will focus on the situation of individuals residing in Belgium who hold real estate property located in France. Please note that our contributions only look at the situation from...

Transfer Pricing Guidelines ...