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6 days ago | 
news.bloombergtax.com | Saim Saeed
EU finance ministers next week are set to approve a bill that overhauls the way sellers report and pay value-added tax on goods imported from outside the bloc, a senior EU diplomat said. The bill would remove the current 150 euro ($169) threshold for EU-based sellers to use the so-called Import One-Stop Shop, which allows online sellers to register in one EU country to declare and pay VAT.
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1 week ago | 
news.bloombergtax.com | Saim Saeed
EU envoys will make a renewed effort to negotiate a controversial bill meant to curb the use of shell companies to avoid taxes, a spokesperson for the Polish permanent representation to the EU confirmed. Poland, which holds the EU’s rotating presidency, will organize a meeting on the bill at some point before the end of June, but the spokesperson didn’t specify a date.
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1 week ago | 
news.bloombergtax.com | Saim Saeed
Germany is reaching out to EU countries through a survey to find out what challenges they face in transfer pricing and see if they can meet to find “practical solutions.”The survey, seen by Bloomberg, asks EU countries what their main transfer pricing challenges are—administrative, substantive or regarding application of the arm’s length principle, which refers to the rule that intra-company transactions should be priced at the same level as if they were between two separate companies.
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2 weeks ago | 
news.bloombergtax.com | Saim Saeed
Some EU countries don’t want to consider changes to their global minimum tax law before they have a better understanding of the US’ demands, according to people familiar with the matter. At a meeting on Tuesday, Poland, which holds the EU’s rotating presidency, proposed various amendments to the law in a bid to appease the US, which argues the legislation treats US companies unfairly.
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2 weeks ago | 
news.bloombergtax.com | Saim Saeed
The European Parliament’s tax subcommittee narrowly passed a proposal recommending an EU-wide digital services tax on tech companies. The panel approved a proposal Thursday for a resolution calling on the European Commission to propose the DST—a levy on income that tech companies make from online activity such as digital ad salesThe proposal will need to be approved by the EU Committee on Economic and Monetary Affairs within which the tax subcommittee sits.
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2 weeks ago | 
news.bloomberglaw.com | Saim Saeed
The European Union next week will consider potential changes to its 15% minimum corporate tax law in a bid to ease tensions with the US. In a meeting on Tuesday, officials will discuss several policy options that could significantly change the way the EU applies the law, according to a note circulated by Poland and seen by Bloomberg. They’re aiming to appease the Trump administration, which doesn’t want US companies subjected to the minimum tax law.
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2 weeks ago | 
news.bloombergtax.com | Saim Saeed
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3 weeks ago | 
news.bloomberglaw.com | Saim Saeed
Ongoing negotiations at the United Nations could create “new parallel frameworks” to existing EU tax law, Poland said in a note seen by Bloomberg. The note, dated April 22 and sent to EU delegations, recommends a “thorough examination of the potential overlap” between the work of a UN committee and European Union law, asking for input from EU member states on how to proceed.
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3 weeks ago | 
news.bloombergtax.com | Saim Saeed
XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
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3 weeks ago | 
news.bloombergtax.com | Saim Saeed
XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
