European Union: Corporate Tax

The introduction of Public Country-by-Country Reporting in Malta imposes new obligations on multinational groups, representing a significant shift towards enhanced corporate tax transparency across the European Union. This EU transparency measure requires certain multinational groups to publicly report specified tax and business information for each jurisdiction in which they operate, with the first publication expected in 2026.

Advocate General Kokott has delivered her Opinion in Commission v Luxembourg (Case C-138/24), recommending that the Court of Justice of the European Union (CJEU)...

Italy's new ZES Unica framework consolidates regional special economic zones into a unified system offering tax incentives and streamlined procedures for foreign investors. The reform covers southern regions and strategic Mediterranean ports, creating opportunities in real estate, logistics, and industrial development. How can international operators leverage this framework to establish a competitive presence in European and Mediterranean markets?

Malta's Permanent Residence Programme (MPRP) offers Turkish citizens and their families a pathway to permanent residency in an EU member state through real estate investment, government contributions, and charitable donations. The program provides lifetime residency status without mandatory physical presence requirements, combining tax advantages with access to the Schengen Area.

The Paris Administrative Court of Appeal examines whether a French subsidiary operating as a routine distributor with limited risks indirectly transferred profits to its Italian parent companies by bearing disproportionate rental and personnel costs that contributed to brand development and customer acquisition without receiving compensation.

Le Tribunal administratif de Paris examine les règles d'intégration fiscale applicables lorsqu'une société mère nouvellement créée clôture son premier exercice au-delà du 31 décembre de l'année suivant sa création. L'affaire soulève la question cruciale de savoir si le déficit propre de la société mère généré durant sa première période d'activité peut être inclus dans le résultat d'en

Luxembourg has issued a Grand-Ducal Regulation identifying jurisdictions where constituent entities may benefit from an exemption from filing the Global Information Return (GIR) locally.

International Financial Reporting Standards (IFRS) and Polish accounting standards present fundamentally different approaches to recording business transactions and assessing a company's financial position. These differences significantly impact asset valuation, liability recognition, revenue timing, and ultimately how investors, banks, and business partners perceive a company's financial health and creditworthiness.

The European Union's Pillar 2 tax framework imposes a minimum 15% effective tax rate on multinational groups with consolidated turnover exceeding EUR 750 million. This comprehensive analysis explores how organizations must adapt their tax control frameworks to meet the complex requirements of the Global Anti-Base Erosion rules, including enhanced governance, adjusted reporting processes, and international coordination mechanisms.