A VAT policy officer at the European Commission told the forum that the initial deadline set for EU convergence of domestic digital VAT reporting is likely to be extended.
Cormann starts work at OECD with a double boost from Biden
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London | Former finance minister Mathias Cormann takes over the Organisation for Economic Cooperation and Development on Tuesday with a crucial global tax deal in sight and US President Joe Biden looking to beef up the Paris-based body into a bigger geopolitical role.
Mr Cormannâs inner office will include Democratic Party heavy-hitter James Rubin, who has quit a senior lobbying job at Ballard Partners in Washington to become the new Secretary-Generalâs diplomatic adviser - a freshly created position that will help position the OECD at the centre of the Westâs strategic contest with China.
European Parliament backs carbon border tax
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London | The European Parliament has backed the bloc’s push for a carbon border tax on imports from countries such as Australia, in a plenary vote on Wednesday (Thursday AEDT) that gives Brussels the political imprimatur and momentum to press ahead with the plan.
The European Commission is expected to present the details of the EU’s carbon border adjustment mechanism (CBAM) in June, with a view to getting at least a pilot scheme up and running by the start of 2023.
The European Union is looking for a road out of coal dependency.