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.
HMRC opened 1,091 serious tax investigations in the last year (March 31, 2023), says multinational law firm Pinsent Masons. These probes – known as ‘COP8’ and ‘COP9’ investigations – provide
Caribbean island of St. Kitts and Nevis secured the top spot for the fourth consecutive year, showcasing its enduring appeal among investors seeking alternative citizenship. Dominica, following closely
Almost 1,000 large businesses saw shareholders filing resolutions on ESG issues in 2023, a slight year-on-year increase globally. But European shareholders bucked this trend, exhibiting short-term thinking
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,