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In today’s edition: Tax Notes – Property Tax: Why can’t corporate landlords deduct their finance costs in calculating their profits?; BVI – BVI Signs 28th Tax Information Exchange Agreement With The Isle Of Man; Hungary – Next year’s budget focuses on tax cuts and housing schemes
Read more: International Tax Plaza’s Quick News from April 15, 2016
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During a joint meeting which will be held on April 20, 2016, the European Parliament’s Legal Affairs Committee (JURI) and the European Parliament’s Economic and Monetary Affairs Committee (ECON) are going to exchange views with Commissioner Hill on Country-by-Country Reporting with participation of the the European Parliament’s Special Committee on Tax Rulings and Other Measures Similar in Nature or Effect (TAXE 2).
Read more: EP: Committees to exchange views with Commissioner Hill on Country-by-Country Reporting
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On April 18, 2015 the European Parlaiment’s Special Committee on Tax Rulings and Other Measures Similar in Nature or Effect (TAXE 2) is going to exchange views with representatives of Finance Committees of national parliaments within an Interparliamentary session. A 5-10 minute opening speech will be delivered by Mr. Quest, Director-General, Directorate-General for Taxation and Customs Union (DG TAXUD).
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On April 14, 2016 the Finance Ministers of the United Kingdom, Germany, Italy, France and Spain announced that their countries are going to automatically share information on the ultimate owners of companies. By doing so they intend to make it more difficult for firms to dodge tax or funnel corrupt funds. In a letter, which the 5 Ministers of Finance jointly sent to their G20 counterparts, they urge their G20 counterparts to take action.
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On April 14, 2016 the Dutch Ministry of Finance published an Agenda (in Dutch) as well as some interesting documents for the Eurogroup and the informal ECOFIN meetings which will take place on April 22 -23, 2016.
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