Poland Begins Corporate Tax Consultation

Posted on August 5th, by Global Tax Weekly in Corporation Tax. No Comments

On July 31, 2020, the Polish Ministry of Finance announced the launch of a consultation on plans to introduce an “Estonian-style” corporate tax regime.

Under Estonia’s corporate tax system, tax is generally due only when profits are distributed. The Polish proposals are intended to encourage companies to retain profits and reinvest them into the economy, thereby helping the country to recover from the COVID-19 crisis.

The proposals are aimed at small- and medium-sized companies, and the Ministry previously said that the regime would be subject to certain restrictions on shareholdings, passive vs. active income, the reinvestment of profits, and revenue thresholds. If approved, the new corporate tax rules would enter into force from January 2021.

For more information on this, and other topical international tax matters, please visit: https://www.cchgroup.com/roles/corporations/international-solutions/research/global-tax-weekly-a-closer-look


UK Tackles Tax Avoidance Schemes

Posted on July 31st, by Global Tax Weekly in Tax Avoidance. No Comments

In the UK, new proposals were recently released designed to address the promotion and enabling of tax avoidance schemes.

The Government unveiled a number of planned legislative changes to existing anti-avoidance regimes to strengthen HMRC powers to further clamp down on the market for tax avoidance.

These included changes under the Disclosure of Tax Avoidance Schemes (DOTAS) regime to ensure that the UK tax authority can act quickly and decisively where promoters fail to provide information on their avoidance schemes and clients.

Changes have also been proposed to enable HMRC to more effectively issue “stop notices” to promoters under Promoters of Tax Avoidance Scheme (POTAS) rules, to make it harder to promote schemes that do not work, and to prevent promoters from abusing corporate entity structures to avoid their obligations these rules.

The proposed legislative amendments would also ensure that HMRC can obtain information … Read More »


EU General Court Overturns Apple Ruling

Posted on July 23rd, by Global Tax Weekly in E-commerce. No Comments

Apple and the Irish Government have been successful in overturning a European Commission decision that two tax rulings granted to the company by the Irish Government were unlawful.

Following an in-depth state aid investigation launched in June 2014, the European Commission concluded that the tax rulings (issued in 1991 and in 2007) “substantially and artificially lowered the tax paid by Apple in Ireland since 1991.” Apple was required to pay back taxes into an escrow account set up by the Irish Government, along with interest, pending the outcome of the Government and Apple’s appeal.

The European Commission had argued that Ireland’s endorsement of Apple’s Irish tax arrangements had enabled Apple to pay less tax than competing companies would be able to pay – that it had granted it a “selective tax advantage”, and that the tax rulings issued by Ireland endorsed an … Read More »





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Poland Begins Corporate Tax Consultation

On July 31, 2020, the Polish Ministry of Finance announced the launch of a consultation on plans to introduce an “Estonian-style” corporate tax regime.

Under...

UK Tackles Tax Avoidance Schemes

In the UK, new proposals were recently released designed to address the promotion and enabling of tax avoidance schemes.

The Government unveiled a number of...

EU General Court Overturns Apple Ruling

Apple and the Irish Government have been successful in overturning a European Commission decision that two tax rulings granted to the company by the...