Almost all multinationals with group revenue of 750 million euros ($873 million) or more are now covered by base erosion and profit shifting reporting, the OECD announced.

The European Commission plans to propose streamlining systems within the European Union for claiming relief from double taxation of dividends.

The European Court of Justice, the EU’s highest legal authority, is set to rule on several influential cases in the coming months, addressing disputes worth billions of dollars to the countries and companies involved.

Denmark plans to raise road taxes for lorries and impose new levies on fossil fuels as part of efforts to reduce the country’s carbon emission.

France, Italy and other European Union countries that want to impose digital services taxes would have to give them up if a common EU digital levy is put in place, the bloc’s top tax official said.

Chancellor of the Exchequer Rishi Sunak set out his plan to rescue millions of jobs and businesses as the coronavirus pandemic again threatens to derail the U.K. economy. The plan includes extending a value-added tax cut for the hospitality and tourism industries. Businesses which deferred 30 billion pounds of VAT payments until March will now be allowed to spread them over 11 repayments, with no extra interest. Sunak scrapped his plan for a full-scale budget.

Months before Grenke AG became the subject of fraud allegations by a short seller, the German finance company was building up cash by luring depositors to its banking arm.

Harley-Davidson Inc. is pulling out of India, another major setback to Prime Minister Narendra Modi’s efforts to lure or retain foreign manufacturers in the midst of the nation’s worst economic downturn in decades.