Overview
EU Member States Reach Agreement on Cross-Border Tax Rulings: Today, the Council of the European Union announced an agreement that will require European Union (EU) member states to automatically exchange information on advance cross-border tax rulings and advance pricing arrangements. The new rules, which were agreed to at a meeting of EU finance ministers in Luxembourg, are scheduled to go into effect on January 1, 2017. In a press release, Pierre Moscovici, European Commissioner for Economic and Financial Affairs, Taxation and Customs, stated that “[a]ll EU Member States have today agreed to share more information on tax rulings given to companies which operate cross-border. This is a major step in combating aggressive tax planning, creating greater transparency in corporate taxation and providing fairer competition for both businesses and consumers.”
Upcoming Affordable Care Act Reporting Requirements: Smooth Sailing or Disaster at “C”? What to do if You are not Ready to File Form 1095-C or 1095-B: Steptoe’s Tax and ERISA Groups will present a complimentary webinar on the Affordable Care Act’s IRS reporting requirements for employers and for health insurance issuers, multi-employer plans, governmental plans, and non-US sponsors of expatriate plans. The webinar will be held on Tuesday, Oct. 27 at 12 p.m. ET. For more information click here.