Finscale est un podcast animé par Solenne Niedercorn, Non/Executive Director and Senior Advisor in FinTech/VC, qui fait toute la lumière sur les innovations dans l'industrie de la Finance, la Banque et l’Assurance.
The CSSF would like to bring to the attention of financial market participants and financial advisers the Updated Supervisory Statement of the Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA – hereinafter referred to as “ESAs”) on the application of Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector (“SFDR”) and Article 5 and 6 of Regulation (EU) 2020/852 (Taxonomy Regulation, hereinafter referred to as “TR”) regarding the interim period until the application date of the Regulatory Technical Standards on the content, methodologies and presentation of sustainability-related disclosures (“RTS”). The Updated Supervisory Statement has been published on 25 March 2022.
KPMG announces new Partners and Directors joining the firm to bolster the firm’s Tax management team.
In October, 136 countries and jurisdictions agreed on the swift implementation of a major reform of the international corporate tax system. In a note, the EU Tax Observatory present simulations of the revenue effects of the global minimum tax of 15% laid out in this agreement, based on the most recent country-by-country statistics released by the OECD.
Leaders of the world’s biggest economies approved a landmark agreement on international tax reform on October 30th. It aims to put an end to tax havens by introducing a minimum global tax of 15% on the profits of multinationals.
On 8 October 2021, 136 countries and jurisdictions, including all OECD and G20 countries and all EU Member States, agreed to the final framework for a Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy. Pillar One ensures that large multinational enterprises (MNEs) will pay tax where their customers and users are located; Pillar Two introduces a global minimum tax rate of 15%. The new rules are intended to become applicable in 2023 and constitute a fundamental evolution of the international tax framework for corporates that has prevailed for more than a hundred years.
PwC Luxembourg announced the direct admission of new tax partner, Pawel Wroblewski, who will join the Transfer Pricing team.
In its latest study on the activity of European banks in tax havens, the independent research laboratory established a list of 17 jurisdictions considered as tax havens. Luxembourg thus finds itself alongside Bahamas, Bermuda, the British Virgin Islands, Cayman Islands, Guernsey, Gibraltar, Hong Kong, Ireland, Isle of Man, Jersey, Kuwait, Macao, Malta, Mauritius, Panama and Qatar.
G20 finance ministers in Venice have endorsed July 9th and 10th a landmark global tax deal reached by G7 nations last month to set a worldwide minimum rate and to overhaul taxing rights. They have also collectively endorsed carbon pricing for the first time, describing the once contentious idea as one of “a wide set of tools” to tackle climate change.
130 countries and jurisdictions, including Luxembourg, have joined a new two-pillar plan to reform international taxation rules and ensure that multinational enterprises pay a fair share of tax wherever they operate.