Corporate taxGlobal tax deal under threat from US politics and fraying consensusG20 finance ministers to discuss ways to save reforms to way multinationals are taxedAll the presidents of the G20 are seen during the G20 meeting, Buenos Aires, Argentina, November 30, 2018. © Photo credit: ShutterstockEmma Agyemang and Paola TammaShare this with twitterShare this with facebookShare this with whatsappShare this with email28/02/2024
Purchasing powerTax and social security changes to leave households better off in 2025Adjustments coming into effect on 1 January have been heralded by the government as increasing purchasing power
Tax evasionLuxembourg authorities recover €32m from convicted tax fraudstersA total of 118 people and companies were convicted between 2014 and 2024, although millions of euros remain to be traced
DenmarkBritish hedge fund founder with ties to Luxembourg jailed over $1.3bn tax scamCum-Ex scam took place between 2012 and 2015 and resulted in the Danish treasury losing more than €1.2 billion.
TaxParliament approves series of tax cuts to take effect within weeksLawmakers adopt vast tax package aimed at boosting purchasing power and competitiveness, including cuts to personal income tax and corporate rate
InvestigationPremiumAdidas headquarters raided for second day in €1bn tax evasion probeGerman sportswear giant says long-running investigation unlikely to have ‘any significant financial impact’
Tax advantagesEU drops investigation into Luxembourg tax rebates for Amazon and FiatThe European Commission said it has ended its probes into three deals struck by Luxembourg and the Netherlands with major multinationals following ECJ rulings
TaxMultinationals continue to exploit gaps in EU’s tax avoidance defencesMajor holes in EU directives aimed at tackling tax avoidance, report by bloc’s budget watchdog warns
EU fraudSearches in Luxembourg as part of EU-wide VAT fraudProbe led by European Public Prosecutor’s Office uncovered links with suspects in continent’s largest ever VAT fraud scheme
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