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Montenegro’s Cabinet held thematic session dedicated to structural reforms

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Montenegrin Cabinet held thematic sitting dedicated to structural reforms in Kolašin, Montenegro’s winter tourist center. 1st day: pening the session, Prime Minister Milo Đukanović stressed that it is the Government’s responsibility to offer before the end of the mandate their vision of the continuation of structural reforms, with clear guidelines that will serve

EP: Corporate tax makeover

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arliament sets out its ideas on how to make corporate taxes fairer across Europe in a  non-legislative resolution. MEPs urge EU member states to agree on mandatory country-by-country reporting by multinationals of profits and taxes, a common consolidated corporate tax base, common definitions for tax terms and more transparency and

The EU economy Autumn 2015 forecast

he economic recovery in the euro area and the European Union as a whole is now in its third year. It should continue at a modest pace next year despite more challenging conditions in the global economy. Against a backdrop of declining oil prices, accommodative monetary policy and a relatively weak

EU Tax vocabulary

tax ruling tax evasion vat corporate multinationals companies profit

Paying taxes can be complicated, but so can the vocabulary that goes with it. Tax avoidance is legal, but tax evasion isn't and just what exactly is base erosion? In the following lines is enclosed glossary of the terms used by the tax rulings committee: Base erosion and profit shifting Tax planning

Montenegrin Ministry of Finance published Bulletin XXXIV

ontenegrin Ministry of Finance has published XXXIV bulletin, which mostly reflects first quarter of 2015. In introduction, Minister of Finance Radoje Žugić reviews macro-economic indicators and trends in Montenegro. Žugić highlighted the issue of steady but insufficiently high economic growth since 2013 (2-3%) and the issue of the turnaround of the public debt trend in the focus of

Council closes a double non-taxation loophole

tax ruling tax evasion vat corporate multinationals companies profit

At the Economic and Financial Affairs Council meeting on 20 June the ministers agreed an amendment to EU tax rules that will close a loophole which had allowed cross-border corporations to profit from double non-taxation. The agreed amendment to the parent-subsidiary directive will put an end to the situation whereby cross-border