EU to Recommend Lower Energy Taxes to Offset Surging Oil and Gas

The European Commission is set to recommend lowering energy taxes and power grid charges to boost the uptake of clean technologies while softening the blow from surging oil and gas prices.

US Business Group Wants EU Anti-Tax Avoidance Rule Exception

Companies subject to the global minimum tax in the EU should be exempt from a part of the bloc’s anti-avoidance rules that govern a company’s foreign subsidiaries, a US business group said.

Australia Moves to Tighten Foreign Resident Capital Gains Tax

Foreign residents in Australia would face higher taxes on sales of large assets under a bill expanding the capital gains tax base for overseas investors, the government said Friday.

Constitutional Court Backs Belgium’s Minimum Taxable Base Rule

Belgium’s Constitutional Court backed a tax rule preventing companies from using past losses to offset additional assessments that carry a punitive surcharge.

IRS Proposes Rules on Excise Tax on Cross-Border Remittances

The IRS Friday proposed rules for an excise tax on remittance transfers, which will impact individuals transferring money abroad.

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Germany MOF Posts Draft Regulation to Update List of Participating Jurisdictions Under MCAA-CRS

The German Ministry of Finance April 8 posted online a draft regulation to update the list of participating jurisdictions under the Multilateral Competent Authority Agreement (MCAA) on the automatic exchange ...

Cyprus Gazettes Decree Changing VAT Schedule, Reducing VAT Rate for Specified Supplies of Electricity

The Cypriot Official Gazette March 27 published Decree No. K.D.P. 167/2026, changing the VAT schedule for specified supplies of electricity. The decree includes measures decreasing to 5 percent, from 8 ...

United Kingdom Foreign Ministry Submits Bill to Ratify Air Services Agreement With Mongolia

The United Kingdom Foreign and Commonwealth Office April 8 announced the submission of a bill to Parliament in April to ratify the air services agreement with Mongolia, signed Jan. 23, ...

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