Avocado Weekly: French Government Caves to Protesting Farmers, Drops Diesel Tax Hike
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
Avocado Weekly: Proposed Dutch Bill Takes Aim at King’s Wallet
If if it passes, the Dutch tax bill could cost the king nearly half of his yearly pay Proposed legislation in the Netherlands, which has strong support in Parliament, would change the constitution to force the king and the rest of the family to pay taxes. (Politico) Airbnb said it
Avocado Weekly: UN Experts Say OECD’s Global Tax Reform Could Harm Human Rights in Developing Countries
Companies worry that Pillar Two minimum tax rules could spawn double taxation. Independent human rights “experts” for the United Nations warned the OECD that its international tax reform implementing the 15% global minimum tax could, among other things, harm the rights of developing countries to collect tax from multinational corporations, thus
Avocado Weekly: Global Minimum Tax Rolls In to Mixed Forecasts
China and US not among the jurisdictions that began implementing Pillar Two rules Jan. 1 About three dozen countries and jurisdictions were said to be ready to start applying the 15% global minimum tax to big multinational companies on Jan. 1, but for now China and the United States are not
Avocado Roundup: Brussels Appeals Court Throws Out Data Privacy Challenge to FATCA
Avocado Roundup is a quick review of top tax, legal, and climate news stories. It’s written by humans. A Brussels appeals court Wednesday threw out an order by the Belgian data protection authority that barred the federal tax authority from sending Belgian Americans’ banking data to the US Internal Revenue
Avocado Roundup: Gibraltar Moves Up Planned Implementation of Global Minimum Tax
Avocado Roundup is a quick review of top tax, legal, and climate news stories. It’s written by humans. UK overseas territory Gibraltar plans to move up its planned implementation of a minimum top-up tax for big multinational companies to “as early as possible in 2024,” the island’s minister of justice,
Avocado Weekly: Spotify Calls Planned French Streaming Music Tax a “Blow to Innovation”
Government says tax will go to funding national music center. Streaming music giant Spotify Inc. slammed a French government announcement that it plans to tax the revenues of streaming music services starting in 2024, to finance the country’s national music center. “This is a real blow toinnovation, and to the
Avocado Roundup: 5 EU Member States Elect to Delay Key Pillar Two Rules
Avocado Roundup is a quick review of top tax, legal, and climate news stories. It’s written by humans. Five EU member states have officially notified the European Commission that they intend to delay application of two key components of the Pillar Two global minimum tax in the big OECD tax
Avocado Roundup: OECD Expects Uptake of 15% Global Minimum Tax to “Snowball”
Avocado Roundup is a quick review of top tax, legal, and climate news stories. It’s written by humans. Around 55 jurisdictions so far have either committed to implementing or expressed intent to implement the global 15% minimum tax starting Jan. 1, 2024, but that uptake will likely reach a critical
Avocado Weekly: Oracle Settles New Zealand Transfer Pricing Dispute, Gets Back $1.87 Million
Musk’s X Corp. AI expansion plans for Atlanta stymied by deadlocked vote on $10.1 million tax break The New Zealand branch of software giant Oracle reported a NZ$ 3.04 million ($1.87 million) tax refund after settling a transfer pricing dispute with the country’s Inland Revenue Department. The company, whose
Avocado Roundup: Brazil Brings Fight Over EU Border Carbon Tax to COP28 Climate Talks in Dubai
Avocado Roundup is a quick review of top tax, legal, and climate news stories. It’s written by humans. Brazil brought a trade dispute with the European Union over the EU’s so-called carbon border adjustment mechanism to COP28 climate negotiations in Dubai, and it’s getting support from China. The EU says the tax
Avocado Roundup: Vietnam Eyes Incentives to Attract Investors Despite Global Minimum Tax
Avocado Roundup is a quick review of top tax, legal, and climate news stories. It’s written by humans. Vietnam reportedly plans to set up a fund to be used to persuade big multinational companies to stay in the country when it begins applying global minimum tax rules next year. Vietnam’s
Avocado Weekly: Ex-French Budget Minister Jailed for Tax Evasion Eyes Return to Politics
New OECD Global Forum report says tax authorities automatically exchanged information on 123 million financial accounts worth almost 12 trillion euros last year.
Avocado Roundup: Vietnam Parliament Set to Approve Global Minimum Tax This Week
Avocado Roundup is a quick review of top tax, legal, and climate news stories. It’s written by humans. Vietnam’s parliament is expected to approve on Wednesday a minimum top-up tax under OECD’s Pillar Two plan to ensure multinationals pay at least 15% tax on their global income. The rate would take effect
Avocado Roundup: Global Minimum Tax Shows Need for Investment Pact Reform, UN Says
Avocado Roundup is a quick review of top tax, legal, and climate news stories. It’s written by humans. The coming into force early next year of the 15% global minimum tax, Pillar 2 of the OECD-brokered global tax reform, puts new light on an “urgent” need to also reform investment
Avocado Weekly: France, Kenya to Pitch Global Tax Task Force at COP28 Climate Summit
Oxfam says 60% tax on “super rich” could raise $6.4 trillion to fight climate change France and Kenya plan to launch a task force, at the upcoming UN climate summit in Dubai, to push for new global tax initiatives to help fund the fight against climate change and climate change mitigation. The
