EU tax

The combined wealth of EU billionaires increased by more than 400 billion euros in just six months this year – the equivalent of over two billion euros a day. That is according to Oxfam’s new report, “A European Agenda to Tax the Super-Rich” which comes ahead of EU Finance Ministers meeting to discuss ways to finance the EU’s budget.   

Today, the European Commission unveiled a package of emergency measures to curb the surge in energy prices which are hitting European consumers hard. The package includes two measures to capture extraordinary profits from energy and fossil fuel companies.

Today, the European Commission unveiled its proposal for a single EU corporate tax rulebook: BEFIT (Business in Europe – Framework for Business Taxation).  

Today, the EU reached a provisional agreement on a new carbon tariff on goods imported into Europe (the Carbon Border Adjustment Mechanism).

Today, the European Parliament voted on its position on a carbon border tariff for companies exporting to the EU (the Carbon Border Adjustment Mechanism). In response, Chiara Putaturo, Oxfam EU Tax expert, said: “Forcing the poorest countries to pay this tariff is unfair. Europeans are responsible for double the carbon emissions as those in the poorest half of the world since 1990. This decision allows rich countries to pass the buck to those least responsible for the climate crisis.

The General Court of the European Union ruled this morning (Wednesday 15 July 2020) that the European Commission was incorrect in its decision that 13 billion Euros in unpaid taxes by Apple constituted illegal state aid from the Irish government.

Today, the European Commission published an ‘Action Plan For Fair And Simple Taxation Supporting The Recovery Strategy’, including a communication on ‘Tax Good Governance in the EU and beyond’.