In a recent joint letter to the Commission, Germany, France, Italy and Spain’s finance ministers announced plans to tax tech multinationals, such as Amazon and Alphabet Inc./Google, based on their local revenue.
On 15 August, Air Berlin was forced to file for bankruptcy after the withdrawal of funding from Abu-Dhabi based Etihad Airways, which holds 29 percent stake in the German carrier.
According to the Commission, the new CCCTB initiative is the most ambitious corporate tax reform ever proposed in the EU. However, despite the most noble intentions, the proposal presents a number of fundamental problems.
On 28 September 2017, the European Parliament Employment and Social Affairs Committee (EMPL) will vote on an initiative by Spanish MEP Javi Lopez (S&D) on combating inequalities as a lever to boost job creation and growth.
The purpose of this study is to compare the tax and social security burdens of individual employees earning typical salaries in each of the 28 member states of the European Union and, in doing so, to determine a “tax liberation day” — measuring how much of each year’s work is devoted to paying taxes — for workers in each country.
The European Commission seems unable to decide the primary function of the CCCTB; is it mainly an anti-tax-avoidance scheme or is it an exercise in harmonisation?
During his recent electoral campaign, the defeated socialist French presidential candidate, Benoît Hamon, repeatedly hinted at a potentially radical proposal: To impose a tax on robots.