Over 130 countries are currently engaged in efforts to change the way taxing rights are distributed and to introduce a global minimum effective tax. The objective of an effective minimum tax is to combat harmful tax arbitrage and to ensure that multinational corporations pay their fair share of the revenue that is needed to finance government functions. One of the key aims of Germany’s Presidency of the Council of the EU in the second half of 2020 is to make further progress in efforts to introduce a minimum effective tax.
The work that is being done to change taxation standards shows not only that efficient administrative cooperation is essential for ensuring the equitable implementation of tax law, but also that it is imperative to strengthen legal certainty for taxpayers. During its Presidency, Germany also wants to make progress on the expansion of the EU Directive on Administrative Cooperation to include provisions on joint audits and the exchange of information relating to online platforms and their users, as they have been proposed in an amended version of the Directive on Administrative Cooperation (DAC 7).
The Federal Finance Ministry’s 7th International Tax Symposium will provide a forum for engaging in an in-depth examination and discussion of the German Presidency’s results in the area of direct tax policy. The Federal Finance Ministry, in cooperation with IFA Germany, looks forward to welcoming you to this event online.