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Development Policy 13-04-2022

COVID vaccines account for bulk of aid increase

While foreign aid from countries of the Organisation for Economic Cooperation and Development (OECD) reached historic highs in 2021, data analysis shows this was primarily fuelled by donating COVID-19 vaccines, many of which were out of date or unusable.
Bruno Le Maire, Christian Lindner, Paolo Gentiloni in discussion
Economy & Jobs 15-03-2022

Global minimum tax hits roadblock as EU states disagree on directive

The finance ministers of EU member states failed to reach a unanimous agreement on the EU directive aimed at implementing the global minimum tax for large corporations when they met in Brussels on Tuesday (15 March).
Development Policy 07-02-2022

Talks collapse on classifying vaccine donations as development aid

Talks between wealthy nations on how to report donated COVID vaccines have collapsed after they failed to agree on a common rules regime.
Economy & Jobs 19-01-2022

Poland and Hungary want to slow French push for minimum tax directive

The EU directive to implement the minimum corporate tax rate agreed upon in the OECD deal is facing resistance as Poland and Hungary insist on linking it to another part of the OECD agreement.
Economy & Jobs 30-12-2021

2022: Fiscal showdown in uncertain economic circumstances

The EU's economic policy agenda for the coming year is packed with negotiations on the bloc's fiscal rules, tax policies, minimum wages, and financial regulations. Here is a comprehensive look at what is coming up.
EU Commissioner Gentiloni at a press conference in Brussels
Economy & Jobs 23-12-2021

Commission presents directives against tax competition and shell companies

The EU Commission presented its proposal for a directive to implement the minimum tax in the EU along with a directive that should make it hard to evade taxes through shell companies.
Technology 14-12-2021

France to prioritise digital regulation, tech sovereignty during EU Council presidency

Digital regulation and tech sovereignty will be among France's digital priorities when it takes over the rotating EU Council presidency in the first half of 2022. EURACTIV France reports.
Global Europe 06-12-2021

Extraterritorial legal outreach: Why should the US call the shots?

A US law aimed at ending corrupt practices by US corporations has morphed into an economic and political weapon and a virtual goldmine in terms of the resources US agencies have extracted from non-US companies, writes Dick Roche.
Coronavirus 19-11-2021

Plan by wealthy nations to treat COVID vaccines as aid prompts backlash

The question of how COVID vaccines donated by wealthy countries are classified and priced could artificially raise the European Union’s development aid figures by billions of euros, EURACTIV understands.
Economy & Jobs 26-10-2021

International taxation and green public investments

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A recent event hosted by a range of think tanks looked at current fiscal policy challenges. As public finance plays a role in the transition towards a green economy, it is crucial to examine how the public purse can access...
Economy & Jobs 26-10-2021

How rich countries profit from the OECD tax deal

Rich countries profit more from the recently announced OECD tax deal than developing countries, according to a new policy study, putting claims that the global tax system had become fairer into question.
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Economy & Jobs 22-10-2021

National digital taxes and US sanctions to be withdrawn after OECD tax deal

A group of European countries agreed with the United States on Thursday to withdraw their digital taxes. The move by Austria, France, Italy, Spain, and the United Kingdom follows an international tax deal agreed earlier this month that aims to allocate parts of the profits from highly profitable, big corporations to countries in which revenue is generated.
Economic governance 14-10-2021

EU directive on minimum corporate tax expected before end of year

Days after 136 countries agreed on an international tax deal, a European Commission official announced that a directive to implement the corporate minimum tax rate might be forthcoming before the end of the year.
Economy & Jobs 11-10-2021

The global tax marathon: Winners and losers

Aspects of the global tax reform agreement which have largely gone unnoticed are likely to come in for closer scrutiny in national parliaments of EU countries and in the European Parliament where some pushback can be expected, writes Dick Roche.
Economic governance 08-10-2021

136 countries agree on international tax reform

More than 100 countries agreed on Friday (8 October) a reform of the international tax regime intended to make it fit for the digital age and respond to longstanding concerns about corporate tax evasion.
Economy & Jobs 08-10-2021

Ireland agrees to global tax deal, sacrificing prized low rate

Ireland dropped its opposition to an overhaul of global corporate tax rules on Thursday (7 October), agreeing to give up its prized 12.5% tax for large multinationals in a major boost to efforts to impose a minimum rate worldwide.
Global Europe 04-10-2021

How the US got the upper hand in the OECD tax reform proposals

One of the more intriguing aspects of the negotiations on the OECD proposals to reform international corporate tax rules, which come up for decision this month, is the role played by the Biden administration, writes Dick Roche.
Climate change 17-09-2021

Rich states fall short of $100 billion climate finance goal

Wealthy countries fell short of the promised $100 billion of climate finance provided to developing countries in 2019 and are expected to miss the target again for 2020, according to the head of the Organisation for Economic Co-operation and Development (OECD).
Economy & Jobs 07-07-2021

Global tax reform plan goes to the G20

G20 finance ministers meeting in Venice on Friday and Saturday (9-10 July) could rally the world's top economies behind a global plan to tax multinationals more fairly, already hashed out among 130 countries representing 90% of world output.
Economy & Jobs 02-07-2021

Global tax deal backed by 130 nations, Ireland and Hungary stay out

A total of 130 countries have agreed a global tax reform ensuring that multinationals pay their fair share wherever they operate, the OECD said on Thursday (1 July), but some EU states refused to sign up.
The European Commission will stay on track with plans to present a 'digital tax' by June this year, despite recent progress at the level of the Organization for Economic Cooperation and Development (OECD), the Commission's Executive Vice-President Margrethe Vestager said on Tuesday (23 March). 
Technology 24-03-2021

Commission on track for digital levy proposal by June

The European Commission is on track with plans to present a digital tax by June despite recent progress at the level of the Organization for Economic Cooperation and Development (OECD), the Commission's Executive Vice-President Margrethe Vestager has said.
Climate change 15-03-2021

Australia’s Cormann to lead OECD, climate activists dismayed

Australia’s former finance minister Mathias Cormann on Friday (12 March) announced he won the race to lead the Organisation for Economic Co-operation and Development (OECD), disappointing climate activists who said he has blocked efforts to reduce emissions.
Technology 11-03-2021

Google to raise advertising fees to offset French, Spanish GAFA tax

In an email to French and Spanish advertisers last week, Google announced a 3% increase in advertising rates on its platform from May, to cover what has been termed the 'GAFA tax' in force in both countries. EURACTIV France reports.

UAE now among world’s top ten tax havens

The UAE has entered the world's top ten tax havens for the first time, research showed Tuesday (9 March), in a report flagging OECD nations and their dependencies for more than two-thirds of "global corporate tax abuse".