During the annual budget discussions end-October, the National Assembly, the lower house of the French parliament, considered two proposals that would have fundamentally reshaped France’s tax system for multinational enterprises (MNEs) and for ultra-high-net-worth individuals. The debates provided a unique snapshot of the political divisions in France when it comes to international tax policy. A …
Continue reading “Deep dive into French parliamentary discussions on international taxation”
Despite its centrality to the discussion on tax evasion and tax avoidance, there is no established and stable definition of a “tax haven”. Two approaches coexist: (i) a legal approach aiming at identifying “non-cooperative” jurisdictions in international cooperation to curb tax evasion (OECD Global Forum, EU official list) and (ii) an economic significance approach primarily …
Last 13 October 2021, the G20 Finance Ministers and Central Bank Governors endorsed the final version of the Statement on a Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy adopted by 136 countries of the OECD/G20 Inclusive Framework on BEPS a week before. Following two years of negotiations, the …
