OECD Archive
Global Minimum Tax Revenue: OECD Impact Assessment
January 23, 2023
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TweetShareSharePin0 Shares Last week, the Organisation for Economic Co-operation and Development (OECD) released new revenue estimates for the global minimum tax and other significant changes to the international tax system. The headline number for Pillar Two’s global minimum tax: $220 billion. This is comparable to the total U.S. corporate tax receipts from 2019 and 2020
Jacques Delors’ EU Single Market & Tax Policy
January 19, 2023
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TweetShareSharePin0 Shares On 1 January 1993, the European Union launched the Single Market by abolishing border controls between EU Member States and ensuring the free movement of people, goods, services, and capital (otherwise known as the EU’s four freedoms). Thirty years later, the liberal economic principles that have driven the EU Single Market’s success are
US-EU Tax & Trade Issues in 2023 | Transatlantic Trade
January 12, 2023
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TweetShareSharePin0 Shares There are many changes coming to Washington, D.C., now that Republicans have taken control of the U.S. House of Representatives. Uncertainty surrounds President Biden’s ability to pass his economic agenda through a divided Congress and few can predict the path U.S. tax policy will take at home or abroad. However, despite a bleak
Is There an End in Sight?
December 21, 2022
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TweetShareSharePin0 Shares Since 2018, the tax world has seen multiple rounds of proposals to change how digital companies are taxed. The most common, the Digital Services Tax (DST), popped up as a European Commission directive and then made its way into the national laws of multiple countries across the globe. Ongoing international tax negotiations were
Chile Tax Reform Heads in the Wrong Direction
December 8, 2022
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TweetShareSharePin0 Shares The Tax Foundation recently released the 2022 International Tax Competitiveness Index (ITCI), measuring the complexity and neutrality of countries’ tax systems. Over the years, Chile has consistently remained in the lower half of the Index’s rankings, and in the 2022 version of the Index, Chile fell from 26th to 27th (out of 38
Future of Tobacco Taxation in Europe
December 5, 2022
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TweetShareSharePin0 Shares Later this week, the European Union is expected to release a new Tobacco Tax Directive, the first update in more than a decade. Early reports indicate that the EU will propose a significant increase to the existing minimum cigarette tax rates levied across the Union and expand the product categories that are taxed,
Business Interest Deduction Limitation Policies
December 5, 2022
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TweetShareSharePin0 Shares As part of the 2017 Tax Cuts and Jobs Act (TCJA), the United States enacted a new limitation on interest deductions for businesses. While it is common for countries across the Organization for Economic Cooperation and Development (OECD) to set limits for interest deductions, starting this year, the U.S. became an outlier by
EU Subsidies & Inflation Reduction Act
November 30, 2022
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TweetShareSharePin0 Shares French President Macron is coming to Washington, D.C., this week to ask President Biden the question on the minds of European leaders: “Why did you do this to us?” When President Biden signed the Inflation Reduction Act into law, he put many European companies at a disadvantage unless they move production to the
Comparing Income Tax Systems in Europe, 2022
November 15, 2022
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TweetShareSharePin0 Shares Our recently published 2022 International Tax Competitiveness Index (ITCI) measures and compares how well OECD countries promote sustainable economic growth and investment through competitive and neutral tax systems. This week, we examine how European OECD countries rank on individual taxes, continuing our series on the ITCI’s component rankings. The ITCI’s individual tax component scores OECD countries on their top
Inflation Reduction Act EU Tax & Trade Cooperation: EV Tax Credit
November 9, 2022
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TweetShareSharePin0 Shares Over the last six months, European perceptions of the Inflation Reduction Act have been a rollercoaster. European policymakers were hopeful that the Inflation Reduction Act would implement Janet Yellen’s Pillar Two commitment at the Organisation for Economic Cooperation and Development (OECD). But hope turned to disappointment when the final text was fundamentally different from
