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Germany, France cooperate on key tax projects

24 February 2014   (0 Comments)
Posted by: Author: Ulrika Lomas
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Author: Ulrika Lomas (Tax-News)

France and Germany have jointly declared that they intend to join forces to champion key tax agendas in Europe and internationally.

A working group is to be set up tasked with assessing the feasibility of aligning the structure of corporate taxation in Germany and France. At first the group will consider how to harmonize regulations on incoming and outgoing cross-border investments, and later consider how to harmonize France and Germany's corporate tax bases. Achieving a common corporate tax base, they say, will support negotiations in the EU for a Common Consolidated Corporate Tax Base (CCCTB).

Germany and France are to adopt, as quickly as possible, the new global standard on automatic information exchange developed by the OECD and G20, and push for its adoption both in Europe and internationally. Both parties agree that a consensus on the revised European Union Savings Tax Directive must be achieved by March.

They agreed to collaborate towards concluding EU-level work on combating abuse and fraud, in particular the adoption of the Money Laundering Directive, the Parent-Subsidiary Directive, and the Interest and Royalties Directive.

In a similar vein, they jointly voiced support for the Organization for Economic Cooperation and Development's (OECD's) Base Erosion and Profit Shifting (BEPS) work, and the EU expert group's review of taxation of the digital economy, hoping soon that companies will soon make a "fair contribution" to the European market.

Finally, France and Germany aim to reach a consensus on plans for an EU financial transactions tax (FTT) with eleven participating member states, if possible ahead of the European Parliament elections. They hope to reach an agreement also on the allocation of FTT revenue.

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Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.


The Act requires that a minimum academic and practical requirments be set to register with a controlling body. Click here for the minimum requirements of SAIT.

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