Tax hike was among farmers' complaints, but they have others and plan to continue blocking roads.
- The new French government of Prime Minister Gabriel Attal Friday evening announced it would drop a plan to gradually eliminate a tax break on diesel fuel used by farmers. Thousands of angry farmers on their tractors are wreaking havoc on the roads of France, among other things threatening to prevent any trucks from entering Paris until their demands are met. The planned tax hike was one of their key grievances, but they’re also protesting environmental regulation and other red tape, according to reports. (Les Echos) (Capital.fr) (Gouvernement.fr)
- The former CEO of the Formula One auto racing series, Bernie Ecclestone, was the second-biggest taxpayer in the UK last year, after forking over a 652.6 million pound ($828.8 million) tax fraud settlement to the country’s tax authority. (The Standard) The UK tax authority–HM Revenue & Customs–looks set to to rake in a “windfall” of late fees this year from millions of late tax filers. (Financial Times)
- The European Commission said it has warned nine European Union member states–Estonia, Greece, Spain, Cyprus, Latvia, Lithuania, Malta, Poland, and Portugal–for missing the Dec. 31, 2023, deadline to transpose the EU directive implementing the OECD 15% global minimum tax into national law. (European Commission) (LinkedIn)
Alvarez & Marsal Gets Three Senior Tax Hires In London
- Professional services firm Alvarez & Marsal made three senior hires to its tax team in London, with two arriving from Ernst & Young and one that was at EY earlier. (AlvarezandMarsal.com)
- Dubai police have arrested an alleged leader of a 40 million euro ($43.4 million) tax-fraud scheme across several European countries. (The National)
- The Hong Kong Journalists’ Association said it will protest a HK$400,000 ($51,182) profits tax assessed by the Inland Revenue Department. (The Standard)
