Global FS tax newsflash

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Global FS tax newsflash: Update on application of VAT in international VAT groups
A recent European Court decision may have far reaching implications for international FS businesses operating VAT groups due to VAT charges now being created where previously there have been none between a head office location and its branch.

Global FS tax newsflash: EU FTT – EU-10 come together with further statement of political intent
The spotlight returned to Brussels on May 6, 2014, as observers awaited an update on the latest developments on the EU Financial Transaction Tax at the ECOFIN meeting of finance ministers.

Global FS tax newsflash: From CRD IV to country-by-country tax reporting for all large companies and groups?
CRD IV: For banks and in place for 2014 - capital management, bonus caps, corporate governance and transparency, including country-by-country tax reporting. There is much about CRD IV that is critical for banks to understand and for financial services to take note of. This Newsflash looks at the country-by-country reporting (and auditing) aspects.

Global FS tax newsflash: OECD’s BEPS paper released. Not aimed at financial services… but clear implications…
The OECD's BEPS project is not primarily directed at the FS sector. However, there are various measures and work streams proposed that cause issues that are of very considerable interest - and application - to FS businesses.

Global FS Tax Newsflash: EU FTT – Will the Commission’s proposal survive?
This Global FS Tax Newsflash provides an update on what continues to be a highly political topic.

Global FS Tax Newsflash: The Italian FTT – deferral of key dates
It was announced in Italy that key dates for payment of the tax and the start of the derivatives regime would be deferred.

Global FS tax newsflash: UK’s challenge blocked for now but UK Treasury indicates they will not let it be
In April 2013, the UK launched a legal challenge against the introduction of an EU Financial Transaction Tax under the Enhanced Cooperation Procedure. On May 31, 2014, the Court of Justice of the European Union released its decision on the UK’s challenge.

Global FS tax newsflash: Legal challenge to the EU FTT – what happens now?
Recently, the UK launched a legal challenge against the EU Financial Transaction Tax (FTT). The UK has received support for its challenge from Luxembourg.

Global FS tax newsflash: Italian FTT – Latest developments
This Global FS tax newsflash provides an update on the latest Italian FTT developments.

Global FS tax newsflash: Impact of EU Financial Transaction Tax on the asset management industry
This Global FS tax newsflash considers the impact of the European Union Financial Transaction Tax (FTT) on the asset management industry.

Global FS tax newsflash: TRACE Implementation Package announced by the OECD
After years of discussions, the Committee on Fiscal Affairs of the OECD approved the Treaty Relief and Compliance Enhancement (TRACE) Implementation Package. It is an important development in the exchange of information across governments.

Global FS tax newsflash: EU Commission adopts its new proposal for an EU Financial Transaction Tax
The European Commission today presented its “new” draft proposal for a Council Directive implementing a financial transaction tax (FTT) in 11 countries.

Global FS tax newsflash: OECD Report on Base Erosion and Profit Shifting (BEPS)
A recently released OECD report will have important implications for the financial services sector. The report stems from the concern that corporate tax planning activities result in substantial lost tax revenues.

Global FS tax newsflash: Italian FTT - the draft Decree: do we now have all the answers?
Italy's Minister of Economy and Finance has provided guidance on the scope of the Italian Financial Transaction Tax (FTT), the computations and who will be responsible for collecting and reporting the tax.

Global FS tax newsflash: Green light for EU Financial Transaction Tax Industry: financial services
This Global FS tax newsflash provides an update on the proposed European Union financial transactions tax.

Global FS tax newsflash: Latest developments on the EU Financial Transaction Tax – deciphering the Brussels labyrinth
The January 1, 2014 planned implementation date for adopting the EU Financial Transaction Tax likely will be delayed and there are good opportunities for lobbying to shape the proposed FTT regimes.

Global FS tax newsflash: Financial transaction taxes — the Italian FTT takes shape
This Global FS tax newsflash discusses the key provisions in Italy's FTT amendment.

Global FS tax newsflash: France issues guidance for foreign investment funds to reclaim withholding taxes
The French government has provided detailed guidance on how foreign investment funds can obtain refunds of French WHT.

Global FS tax newsflash: Financial transaction tax update – EU ministers consider Enhanced Cooperation on FTT
Eleven EU member states are moving rapidly towards agreement on the introduction of an FTT, which is likely to start January 2014.

Global FS tax newsflash: Financial transaction tax – Commission gives green light for Enhanced Cooperation
Ten participating EU Member States get the green light to create a common FTT system.

Global FS tax newsflash: Proposed Italian and Portuguese FTTs
Although Italy and Portugal have pledged to support an EU-wide FTT, they are both taking steps to introduce national legislation.

Global FS tax newsflash: Green light for EU FTT under enhanced cooperation
An 'EU-wide' financial transactions tax (FTT) is likely to become effective January 1, 2014.

Global FS tax newsflash: Germany and France push for EU financial transactions tax
Germany and France encourage EU Member States to adopt an EU financial transactions tax.

Global FS tax newsflash: Spanish Financial Transactions Tax proposed
This Global FS tax newsflash discusses our views on proposals for a Spanish Financial Transactions Tax.

Global FS tax newsflash: The EU financial transactions tax — unprecedented steps
It appears likely that a Financial Transactions Tax will be implemented in a number of European countries through the European Union’s enhanced cooperation procedure.

Global FS tax newsflash: Seminal European Court ruling on the illegality of some European withholding taxes
A recent European court case has potential implications for any foreign investor in EU equity investments and therefore will be of wide interest.