Focus on key developments in international tax reform since February 2024

The OECD Secretary-General Tax Report to G20 Finance Ministers and Central Bank Governors (G20 Brazil, July 2024) describes some of the key developments in international tax reform since February 2024, including on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy and on the implementation of the BEPS minimum standards. It also covers progress made in tax transparency...

Stabilisation in statutory corporate tax rates worldwide

Statutory corporate tax rates are stabilising worldwide after a lengthy period of falling rates, according to new OECD data released on 11 july 2024 Corporate Tax Statistics shows that average statutory corporate income tax (CIT) rates have remained steady at 21.1% over the past three years. This follows a two-decade period that saw average statutory CIT rates decline from 28% in 2000 to 21.1% in...

Circulaire 2024/C/43 relative à la taxe annuelle sur les opérations d’assurance

L' Administration générale de la Fiscalité – Impôt des sociétés a publié ce 19/06/2024 la Circulaire 2024/C/43 relative à la taxe annuelle sur les opérations d’assurance. Cette circulaire commente les modifications relatives à la taxe annuelle sur les opérations d’assurance qui ont été introduites par la loi du 28.12.2023 portant des dispositions fiscales diverses. ANNEXES : 2 Table des matières I. Introduction II. Textes légaux...

Designing a National Strategy against Tax Crime

Core elements and considerations, the point of view of the OECD into 75 pages Tax crimes negatively affect all countries, developed and developing alike. They obstruct governments’ ability to collect revenue and undermine trust in the legal and financial system which can lead to a wide range of adverse outcomes. Tax crime is often closely linked to other forms of serious domestic and transnational crime,...

EC's DG TAXUD publishes its 2024 work plan

OECD updates AI Principles to stay abreast of rapid technological developments

03/05/2024 - The 2024 OECD Ministerial Council Meeting (MCM) has adopted revisions to the landmark OECD Principles on Artificial Intelligence (AI). In response to recent developments in AI technologies, notably the emergence of general-purpose and generative AI, the updated Principles more directly address AI-associated challenges involving privacy, intellectual property rights, safety, and information integrity. With 47 adherents now including the EU and a general scope...

What we learn from reading the latest annual report on tax inspectors without borders ...

This report reflets upon TIWB’s accomplishments and activities over the period from July 2022 to december 2023.More about TIWB Tax Inspectors Without Borders (TIWB) is a joint initiative of the Organisation for Economic Co-operation and Development (OECD) and the United Nations Development Programme (UNDP) supporting countries in building tax audit capacity. TIWB Programmes complement the broader efforts of the international community to strengthen co-operation on...

Parliament signs up for new EU Body for Ethical Standards : a significant first step towards fostering a common culture of integrity and ethics

​On Thursday, the European Parliament approved the creation of a new EU body to strengthen integrity, transparency, and accountability in European decision-making.The essentials - achterground > MEPs have approved agreement between eight EU institutions and bodies> A significant first step towards fostering a common culture of integrity and ethics> Common minimum ethical standards to be developed> Five independent experts to contribute to the body’s work,...

Annual increase in labour costs at 3.4% in euro area

​In the fourth quarter of 2023 the hourly labour costs rose by 3.4% in the euro area and by 4.0% in the EU, compared with the same quarter of the previous year. These figures are published by Eurostat, the statistical office of the European Union.Hourly wage costs across countries In the fourth quarter of 2023 compared with the same quarter of the previous year, the...

First green light to new bill on firms’ impact on human rights and environment

​On Tuesday, (19/03/2024), the Legal Affairs Committee approved a bill, agreed with EU governments, requiring firms to mitigate their negative impact on human rights and the environment. MEPs on the Legal Affairs Committee adopted with 20 votes for, 4 against and no abstentions new, so-called “due diligence” rules, obliging firms to alleviate the adverse impact their activities have on human rights and the environment, including...

New cyber resilience standards to protect all digital products in the EU from cyber threats.

Resilience Act: MEPs adopt plans to boost security of digital products. New technologies come with new risks, and the impact of cyber-attacks through digital products has increased dramatically in recent years. Consumers have fallen victim to security flaws linked to digital products such as baby monitors, robot-vacuum cleaners, Wi-Fi routers and alarm systems. For businesses, the importance of ensuring that digital products in the supply...

Commission fines Apple over €1.8 billion over abusive App store rules for music streaming providers

The European Commission has fined Apple over €1.8 billion for abusing its dominant position on the market for the distribution of music streaming apps to iPhone and iPad users (‘iOS users') through its App Store. In particular, the Commission found that Apple applied restrictions on app developers preventing them from informing iOS users about alternative and cheaper music subscription services available outside of the app...

FacilitatIng border management and strengthen security : spotlight on the Advance Passenger Information (API)

​Over a billion passengers enter, leave or travel within the EU every year. The increase in the volume of travel showed the need to harmonise the way API data is collected and shared throughout the EU. The new rules will make the data available more efficiently for border and law enforcement authorities, in full respect of EU data protection standards. It will strengthen the prevention,...

EU adopts 13th package of individual and economic sanctions against Russia

​The Council adopted on 23 februari 2024 in view of the second year mark of the beginning of Russia’s full-scale invasion of Ukraine - a thirteenth package of restrictive measures against Putin’s regime, those who are responsible for perpetuating his illegal, unprovoked and unjustified war of aggression and those who are significantly supporting it.​ Which measures are now included in this new package ?...

Greenwashing: how EU firms can validate their green claims ?

The Internal Market and Environment committees adopted on Wednesday their position on the rules on how firms can validate their environmental marketing claims.In a few words The so-called green claims directive complements the already-approved EU ban on greenwashing. It defines what kind of information companies have to provide to justify their environmental marketing claims in the future. It also creates a framework and deadlines for...

Deal on EU economic governance reform

​EU co-legislators on Saturday provisionally agreed a revamp of EU economic governance making it clearer, investment friendly, more tailored to each country’s situation, and more flexible. Esther De Lange (EPP,NL) said, “ A new economic governance framework was much needed. We have taken our responsibility by ensuring that the new fiscal rules are sound and credible, while also allowing room for necessary investments.” Margarida Marques...

AI Ethics: 8 global tech companies commit to apply to UNESCO’s Recommendation