Tax

  • How much Vitamin C does the European tax system need to be healthy? The CC(C)TB saga continues

    On 25 October 2016 the European Commission proposed a redrafted version of the proposal aiming to tackle tax avoidance and evasion, by creating a single Common Corporate Tax Base, and introducing, at a later stage, a consolidation element which would allow companies to offset losses in one Member State from the profits earned in another.…

  • Public Tax Reporting – Panacea or scapegoat?

    The leak of the Panama Papers intensifies the debate on tax fairness and actions individuals and companies take to avoid taxes. Although, unlike tax evasion, tax avoidance is legal, policy makers are now looking how to prevent companies from avoiding taxes by stalling their money in tax havens. The European Parliament is seeking to establish…

  • FTI Consulting EU 2016 Outlook

    The EU is going through something of an existential crisis and 2016 will arguably be the most critical year in its history. Challenges range from refugees and migration to the Brexit referendum and growing anti-EU sentiment and populism in many member states. At the same issues like tax, the Digital Single Market, the circular economy…

  • Strasbourg Diary #4: part 2 – Besides Brexit…

    …there were other items on the Strasbourg agenda too! Here are a few quick summaries on the other key discussions that took place in Strasbourg. Anti-Tax Avoidance Package Tuesday: The European Parliament held a lively debate on the long awaited Anti-Tax Avoidance Package (ATAP) that the European Commission presented last week. The package, the Commission’s…

  • Tax – is Europe leading by example?

    As Europe slowly pulled itself out of the economic and financial crisis, European governments’ attention turned to focus, inter alia, on the need to conserve resources to boost Member States’ budgets and address perceived inequalities in the single market. Within this context – and driven by public and NGO concern – the spotlight turned on…

  • Are Member States up for their fiscal revolution?

    “At the heart of every major political upheaval lies a fiscal revolution,” said Thomas Piketty in his groundbreaking Capital in the Twenty-First Century. Indeed, the Ancien Régime was eradicated in France by abolishing fiscal privileges of the social elites and led to the establishment of a much-needed modern system of taxation. Today, the rules for…

  • Is manufacturing the centrepiece for EU economic revival?

    Hans Hack, Head of Financial Services at FTI Consulting Brussels, speaks to World Finance about how manufacturing could stimulate economic revival in Europe. What needs to be done?  

  • Tax transparency: a means to an end?

                      Today’s corporate tax rules are fiendishly complicated and both governments and businesses alike would benefit from a simpler, more transparent system. For decades, governments globally have aggressively courted foreign investment for its benefits in terms of future job creation and economic growth. Tax incentives are one…

  • Shaping the Capital Markets Union

    To date the market for bonds, stocks and derivatives remains highly fragmented along national borders. Barriers to a genuine European capital market range from the high administrative cost to access capital markets and national limitations to what assets pension funds can invest in, to the general lack of trust of retail investors in financial markets…

  • Anti-US Sentiments – A concern for business?

                  The Snowden revelations, domination of the internet by US companies and the ongoing critical debate about TTIP impact public opinion of US business in the EU. While the US is by far Europe’s most important partner in political as well as economic terms, US companies are increasingly concerned…

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