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.
Oxfam reported in a new publication on Wednesday that nearly 41 billion U.S. dollars in World Bank climate finance—approximately 40 percent of the climate funds disbursed by the Bank over the past
Cyprus has recently enacted important tax measures that restrict the deductibility of certain expenses involving entities established in jurisdictions considered “non-cooperative” or “low tax.”
CoinShares, a digital asset manager, reported that institutional investment in crypto products saw an outflow for the second week in a row. According to their latest report on digital asset fund flows,
Hedge funds favoured Asian emerging markets in the week to Feb. 15, piling into company stocks in China, Korea, Taiwan, and India, in moves that came just before China slashed its benchmark mortgage