EU: European Commission puts forward proposal (DAC9) to simplify Pillar 2 implementation

The European Commission has proposed amendments to the European Union (“EU”) Directive on administrative cooperation in taxation (“DAC9”). These changes aim to facilitate the exchange of top-up tax information between Member States and allow multinational enterprises to switch from local to central filing.

Once adopted by the Council of the EU and the EU Parliament, governments have until 31 December 2025 to implement DAC9. Thus, multinational enterprises and large domestic groups will be able to file a single top-up tax information return in one EU Member State instead of multiple filings across different Member States.

22 February 2024

EU: Location for EU Anti-Money Laundering Agency to be decided

The competition to select a city to host the new EU Anti-Money Laundering Agency (AMLA) is to get under way in Brussels, with Dublin in contention along with eight other cities. Ireland is competing

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19 July 2025

UK: HMRC does not know how many billionaires pay tax in the UK

PAC warns of lack of clarity over how much tax is paid or avoided by the very wealthy, as report highlights significant opportunities to collect more revenue. Public Accounts CommitteeHM Revenue &

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26 April 2024

UK: UK expands cryptoasset seizure powers to combat crypto-enabled crime

The UK government has granted greater powers for the National Crime Agency (NCA) and police to seize, freeze and destroy cryptoassets used by criminals, effective today. Criminals, including drug traffickers,

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27 June 2025

GLOBAL: FATF publishes new Guidance on Financial Inclusion and Anti-Money Laundering and Terrorist Financing Measures

The FATF has updated its Guidance on Financial Inclusion and Anti-Money Laundering and Terrorist Financing Measures to support countries and the private sector in bringing more people into the formal

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