From 2019, some companies will be required to create ‘Employee Capital Plans’ for their employees, as part of additional pension schemes. This obligation will be phased in, with companies with more than 250 employees affected. The minimum contribution paid by an employer and also the employee should be 3.5%. Employees...
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Lawmakers in the UK reject proposed amendment to Brexit legislation A proposed amendment to Brexit legislation has been voted against by the lawmakers in the UK. This legislation would have replaced a clause seen as ‘ambiguous’ for a clear message that UK courts should temporarily follow rulings from the European...
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MEP’s back new anti-dumping rules The Members of the European Parliament (MEPs) have backed in support of new rules on dumping and subsidised goods from outside the European Union (EU). Dumping ensues when goods are sold into a foreign market at below the usual market rate in the exporter’s domestic...
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Moody’s the international ratings has praised efforts by the Belgian Government to reform their tax system, and said that strong corporate tax revenues combined with prudent fiscal policy have strengthened the nation’s creditworthiness. Moody’s said in a report published on the 8th December that advanced corporate tax payments have been...
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OECD’s Secretary-General calls for collective action on digital taxation Angel Gurria, the Organisation for Economic Co-operation and Development (OECD) Secretary-General has requested a collective effort on the design of temporary, short-term measures to tackle the international tax challenges of the digital economy. When speaking at the Group of Twenty (G-20)...
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by Anthony Kerr, getsix.eu, Wrocław, Poland 12 October 2017 On 16th September, 2017, in Tallinn, Estonia, the EU’s Economic and Financial Affairs Council (ECOFIN) met to discuss ways to confront international tax challenges posed by the digital economy. (Mr Toomas Toniste, Minister for Finance, Estonia) In early September, the Finance...
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VAT fraud software 2018 From 1st January, 2018 France is recommending to enforce the requirement for French registered companies to use certified VAT software on B2C transactions. These proposals will include a requirement to use licensed and secure software and cash registers. Any violation of the obligations could result in...
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