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.

28 February 2025

CHINA: Valuations and AI driving family office comeback to China

An over-inflated US tech market and diversification to developing economies is encouraging family offices to return to Chinese stocks embracing technology at lower cost.As the Covid crisis developed

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2 February 2024

CHINA: China Does It Again: Italian Tax Police Uncovers $2 Billion Money Laundering Operation

More of the same. In March 2023, “Bitter Winter” published the only detailed English-language account of the “Operation Belt and Road,” a large-scale investigation of the Italian Tax Police

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31 May 2024

NETHERLANDS: Dutch coalition unveils new era: Green economy, stricter EU policies

Four right-center parties that reached an agreement to form the government of the Netherlands have presented a joint program. The coalition agreement heralds a change in political direction, writes

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30 January 2024

AFRICA: Kenya, United States Commit To Enhanced Bilateral Trade And Investment Partnership

Kenya and the United States have underscored the shared commitment of both nations to enhance bilateral trade and investment, with a focus on key areas such as agriculture, good regulatory practices,

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