Multiple streams, leaked opportunities, and entrepreneurship in the EU agenda against tax avoidance

2019 ◽  
Vol 6 (1) ◽  
pp. 77-99
Author(s):  
Aanor Roland
Keyword(s):  
Tax Avoidance ◽  
Multiple Streams ◽  
The Eu

G20 countries will adopt new corporate tax accord

2015 ◽  
Keyword(s):  
National Level ◽  
Tax Avoidance ◽  
Tax Treaties ◽  
Corporate Tax ◽  
Profit Shifting ◽  
Content Type ◽  
Major Threat ◽  
The Eu

Significance The rulings come as the EU advances legislation to increase transparency on corporate tax rulings and after the G20 on October 9 endorsed the new OECD Base Erosion and Profit Shifting (BEPS) framework for countering corporate tax avoidance. Impacts These EU rulings suggest similar decisions are imminent involving Apple in Ireland and Amazon in Luxembourg. The rulings will inspire further challenges to similar arrangements; they are the major threat to similar policies. Most BEPS measures will require changes to bilateral tax treaties and could face national-level delays or rejections. Monitoring of BEPS implementation will commence, but compliance will be voluntary and thus limited.

scholarly journals Interest Limitation Rule Under ATAD: Case of the Czech Republic

2021 ◽  
Vol 12 (2) ◽  
pp. 121-134
Author(s):  
Aneta Pivoňková ◽  
Jana Tepperová
Keyword(s):  
Czech Republic ◽  
Tax Avoidance ◽  
Safe Haven ◽  
The Czech Republic ◽  
Common Rule ◽  
Borrowing Costs ◽  
Eu Countries ◽  
The Impact ◽  
The Eu

Abstract The anti-tax avoidance directive (ATAD) implemented in the EU countries in 2019 has brought, among other things, a common rule for tax-deductibility of exceeding borrowing costs of corporate taxpayers – the interest limitation rule. For interest limitation, the Czech Republic had so far used the so-called safe haven thin capitalisation rule. With the implementation of ATAD, companies need to test not only the thin capitalisation rule but also the new interest limitation rule according to ATAD. This paper aims to review the impact of the new interest limitation rule on the 200 largest Czech companies by their 2017 revenue as recorded in the Albertina database. Results covering the new rules, i.e. following the ATAD implementation, are being compared to the situation before the implementation. Most of the analysed companies seem unaffected by the new interest limitation rule. The analysis also showed that most of the analysed companies do not imply exceeding borrowing costs, either before or following the ATAD implementation.

scholarly journals E-COMMERCE AND CHALLENGES TO CONTROL

2020 ◽  
Author(s):  
Plamen Iliev ◽  
Keyword(s):  
Tax Avoidance ◽  
Electronic Control ◽  
Commercial Property ◽  
Goods And Services ◽  
Revenue Management System ◽  
Online Business ◽  
Rapid Pace ◽  
Tax Practice ◽  
And Control ◽  
The Eu

The topic of e-commerce has become more and more relevant in the last few years. With the advancement of technology and the ever-increasing power of the internet, many people choose this type of presentation instead of the classic “physical” store or office. Of course, this has its advantages: saving a lot of costs, unlimited market, saving time in endless shopping, and more. With the ever-expanding Internet market, online shopping and retailers offering similar types of services have also become more frequent. Tax authorities are increasingly paying attention to this growing industry. In the tax practice, there are already a large number of merchants who have been severely sanctioned for failing to comply with legal requirements for online business. With regard to the distance selling of goods and services / via e-commerce or otherwise / within the EU there are specific provisions in the European VAT Directive creating obligations to register and charge VAT in the country of consumption. Member States tax administrations are also looking for new and more effective digital business control methods to reduce non-taxation and to increase tax collection. That is why a number of countries are introducing electronic audits / audits / on the basis of enhanced exchange of information and control in real time, such as the new requirements of the H-18 Regulations for cash registers and the introduction of CPRMS / Commercial Property Revenue Management System. The topic presented on the need and application of electronic controls and audits has been particularly relevant in recent years globally. It is linked to the rapid pace of e-commerce development and the increasing profits in the sector at the expense of tax avoidance. This is precisely where the research proves the need to apply and develop control over e-commerce, in conclusion, it can even be assumed that the organization and implementation of electronic control / audit is even delayed.

scholarly journals Changes in the Structure of International Trade And Services in the Context of Tax Fraud and Tax Evasion

2021 ◽  
Vol 126 ◽  
pp. 09001
Author(s):  
Antonín Korauš ◽  
Miroslav Gombár ◽  
Filip Černák
Keyword(s):  
International Trade ◽  
Tax Evasion ◽  
Financial Management ◽  
Tax Avoidance ◽  
Business Environment ◽  
Individual Member ◽  
Member States ◽  
Development Fund ◽  
Tax Fraud ◽  
The Eu

The EU and the Member States have been forced in recent years to take a stronger position against the growing trend of tax fraud, tax evasion, and tax avoidance. The EU legislative and non-legislative acts in this area have resulted from political attitudes, economic intentions, proposals, and compromises reached between the individual Member States, on the one hand, and the EU, on the other, in their effort to combat fraudulent behaviour in the taxation area. The fight against fraudulent behaviour in the taxation area, be it tax fraud, tax evasion or tax avoidance, has become a real global challenge not only for the EU and its Member States but also for the entire world. These are different forms and methods for misusing tax systems both within the EU and abroad. This paper is part of the project: “Electronic methods for detecting unusual business transactions in the business environment” (ITMS code: 313022W057), co-financed by the European Regional Development Fund (ERDF) and also the project “VEGA1 / 0194/19 — Research on process-oriented financial management with a focus on to detect tax evasion in international trade”.

scholarly journals The European Union as a Manager of Global 'Business and Human Rights' Regulation: Country-by-Country Reporting Rules

2019 ◽  
Author(s):  
Aleydis Nissen
Keyword(s):  
Human Rights ◽  
Financial Reporting ◽  
Raw Materials ◽  
Tax Avoidance ◽  
Legislative Process ◽  
European Economic Area ◽  
The European Union ◽  
Global Business ◽  
Business And Human Rights ◽  
The Eu

The European Union’s 2013 Country-by-Country Reporting (CBCR) rules bring within the public domain information on corporate payments made to governments all over the world for the purpose of exploiting natural resources in the oil, gas, mining and logging sectors. In so doing, the CBCR rules enhance transparency in these sectors and aim to reduce tax avoidance and corruption in resource-rich countries. Arguably, they also contribute to the European Commission’s long-term strategy to secure sustained access to raw materials in the European Economic Area. The CBCR rules represent one of the only three binding regulatory frameworks that have been adopted at the EU level to implement the 2011 UN Guiding Principles on Business and Human Rights. Just as with the two other initiatives that came into existence (the Non-Financial Reporting Directive and the Conflict Minerals Regulation), the immediate impact on the competitiveness of corporations based in the EU was a key concern during the legislative process. This article uncovers the two strategies that were employed to overcome such concern and give the CBCR rules a ‘global’ character.

scholarly journals The Resolution of Tax Disputes and International Tax Arbitration

2020 ◽  
Vol 5 (1) ◽  
Author(s):  
Benja Anglès Juanpere
Keyword(s):  
Tax Avoidance ◽  
International Level ◽  
Double Taxation ◽  
Multilateral Agreements ◽  
International Tax ◽  
Tax Payments ◽  
International Transactions ◽  
Tax Arbitration ◽  
Bilateral Treaties ◽  
The Eu

Globalisation and the digital economy have revolutionised the world’s markets and international transactions, some of which manage to escape national jurisdictions and bilateral treaties between States. With the lack of multilateral agreements, certain taxpayers, multinationals in particular, have managed to slip through the net of individual countries’ tax regulations and been able to reduce their tax payments. To resolve tax disputes between taxpayers and States, with the chief goals of avoiding double taxation and not being subject to any tax jurisdiction, a number of multilateral measures have been instituted, including—amongst other mechanisms—binding international tax arbitration proceedings. The OECD and the EU are fostering the implementation of such measures, whose goal is to prevent tax avoidance and achieve a fair spread of tax burdens on an international level.

scholarly journals A comparative analysis of VAT grouping schemes from a Nordic perspective—aspects of tax avoidance and fiscal competition

2017 ◽  
Vol 2017 (1) ◽  
pp. 1-25
Author(s):  
Karina Kim Egholm Elgaard
Keyword(s):  
Comparative Analysis ◽  
Tax Avoidance ◽  
Value Added ◽  
Fiscal Competition ◽  
Value Added Tax ◽  
Eu Member States ◽  
Original Intention ◽  
Main Emphasis ◽  
Specific Tax ◽  
The Eu

Abstract Value-added tax (VAT) grouping schemes, whereby several legally independent entities are treated as a single taxable person for VAT purposes, are well known, though their detailed rules differ from country to country. This article deals with specific tax avoidance and fiscal competition aspects of VAT grouping schemes in Denmark, Norway, and Sweden. The article gives examples of tax abuse and avoidance by using various VAT grouping models, with the main emphasis on the practice in Denmark, which may be indicative of similar problems in other countries. The article shows that there are significant differences in the rationales for national VAT grouping schemes, and these indicate that there are mismatches between the national schemes of the EU Member States and the original intention of the EU scheme. Finally, an examination of the different national rationales shows the necessity of striking a balance between combating tax avoidance and preventing distortion of competition.

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