As published on: reuters.com, Friday 4 October, 2024.
The European Commission is suing EU member states Spain, Cyprus, Poland and Portugal for failing to implement rules aimed at ensuring a global minimum level of taxation for multinational companies, it said on Thursday.
All four countries were required to enforce the necessary laws by the end of 2023, the Commission said, adding that they had failed to notify it on any such step.
Spanish Budget Minister Maria Jesus Montero said Spain was a “pioneer” in the push for a minimum tax for multinational companies and would comply with the EU requirements in the coming months, with parliament expected to approve new legislation by the end of the year.
“We have a regulation that currently includes the 15% tax… but there are other things that need to be incorporated, which is what the Commission is referring to,” she said.
Contacted by Reuters, the Portuguese government had no immediate comment.
The chief executive of one of Hong Kong’s two licensed cryptocurrency exchanges has hit out at the city’s new approach to trading digital assets, saying it could restrict access to global clients.
Spain is to scrap a “golden visa” scheme that grants residency rights to foreigners who make large investments in real estate. Ending the scheme would help make access to affordable housing
Press Release from Carey Olsen, Tuesday 21 January, 2025. Carey Olsen Singapore has been ranked Tier 1 for the fourth consecutive year in The Legal 500 Asia Pacific Guide, since the offshore law category
As Reported on MSM.com Wednesday 11 September, The trial of 27 people connected with the Panama Papers tax evasion scandal began in a Panamanian criminal court on Monday, some eight years after the