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(September 9, 2015)
In the evening of September 7, 2015 the European Parliament’s Special Committee on Tax Rulings and Other Measures Similar in Nature or Effect (TAXE) had a meeting during which the co-rapporteurs Elisa Ferreira and Michael Theurer presented their Draft Report. Subsequently the members of TAXE held a first exchange of views. As always the meeting was broadcasted via a live webstream.
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(September 8, 2015)
On September 8, 2015, the International Monetary Fund (IMF) published an IMF Staff Discussion Note titled “Fair Taxation in the Middle East and North Africa” on its website.
The document discusses a.o. the following subjects:
· Executive summary
· The need for fair taxation
· The current state of tax systems
o Well-Established Non-Hydrocarbon Based Tax Systems
o Hydrocarbon-Based Revenue Systems
· Recommendations for fairer taxation
o Well-Established Non-Hydrocarbon Based Tax Systems
o Hydrocarbon-Based Revenue Systems
· Addressing resistance to reform
Furthermore the document contains the following Appendices:
· Tax Revenue by Category, Latest Available
· MENA: VAT Main Exemptions under Current Laws
· Middle East and North Africa: Personal Income Tax Brackets
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(September 8, 2015)
On September 8, 2015 on the official website of the European Parliament’s Special Committee on Tax Rulings and Other Measures Similar in Nature or Effect (TAXE) a Draft Agenda was published for TAXE’s meeting of September 17, 2015. According to the Agenda, an exchange of views with Jean-Claude Juncker (President of the European Commission) and Pierre Moscovici (Commissioner for Economic and Financial Affairs, Taxation and Customs) and also an exchange of views with Margrethe Vestager (Commissioner for Competition) will take place on September 17, 2015.
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(September 8, 2015)
On September 8, 2015 the European Court of Justice (CJEU) ruled in Case C‑105/14 in the criminal proceedings against Ivo Taricco, Ezio Filippi, Isabella Leonetti, Nicola Spagnolo, Davide Salvoni, Flavio Spaccavento and Goranco Anakiev (ECLI:EU:C:2015:555).
· In so far as it provides for the limitation period to be extended by only a quarter following interruption and, therefore, allows crimes to become time barred, resulting in impunity, even though criminal proceedings were brought in good time, has the amendment to the last subparagraph of Article 160 of the Italian Criminal Code made by Law No 251 of 2005 led to infringement of the provision protecting competition in Article 101 TFEU?
· Has the Italian State, in amending by Law No 251 of 2005 the last subparagraph of Article 160 of the Italian Criminal Code, in so far as this provides for the limitation period to be extended by only a quarter following interruption, which means therefore that there are no penal consequences for crimes committed by unscrupulous economic operators, unlawfully introduced a form of aid prohibited by Article 107 TFEU?
· Has the Italian State, in amending by Law No 251 of 2005 the last subparagraph of Article 160 of the Italian Criminal Code, in so far as this provides for the limitation period to be extended by only a quarter following interruption, thus conferring impunity on those who exploit the Community directive, unlawfully added a further exemption to those exhaustively listed by Article 158 of Council Directive 2006/112/EC of 28 November 2006?
· In so far as it provides for the limitation period to be extended by only a quarter following interruption and, therefore, fails to penalise conduct that deprives the State of the resources necessary in order to meet its obligations to the European Union also, has the amendment to the last subparagraph of Article 160 of the Italian Criminal Code made by Law No 251 of 2005 led to breach of the principle of sound public finances laid down by Article 119 TFEU?
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(September 8, 2015)
On September 8, 2015 the Cypriot Ministry of Finance published an announcement titled: “Conclusion of a Protocol that will amend the Convention for the Avoidance of Double Taxation and the prevention of fiscal evasion with respect on taxes on income between the Republic of Cyprus and the Government of Ukraine after its expire”.
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