In a similar way to many other sectors, the finance industry is now placing more and more value on environmental, social, and governance (ESG) factors. In light of this, the importance of ESG is increasingly reflected in finance documents and banks have started to recognise the need to focus on ESG in their business practices. Banks in the Netherlands are keeping up with the trend, with conscious efforts to integrate ESG into their operations.
Teleworking expanded considerably during the Covid-19 pandemic, which forced millions of workers overnight to carry out their duties from home, leading to the widespread adoption of new working methods and tools such as videoconferencing.
Since then, many companies have incorporated teleworking into their current practices, aware of the new habits that have become established and the expectations of workers, who see many advantages in terms of flexibility, savings on commuting time and work-life balance.
However, when it comes to cross-border teleworking, i.e. when workers carry out their duties from a country other than that of their employer’s head office where they usually carry out their activities, the tax and social implications are still largely ignored.
Let’s have a look at the latest developments in this area.
“CBAM” stands for Carbon Border Adjustment Mechanism and is one of the key elements of the European Union’s (“EU”) “Fit for 55”-package. The CBAM’s main objectives are to avoid carbon leakage, contribute to the EU’s goal to be climate neutral and encourage partner jurisdictions to “decarbonize” their production processes by leveling the playing field in carbon-pricing between the EU and third-country producers. The CBAM is a border adjustment mechanism for CO2-emissions that aims to ensure that the cost of those emissions is adequately reflected in the price of products imported into the EU.
You may have heard about EU Tax Law, but what is it exactly? Aren’t the EU Member States independent countries with their own direct tax systems? Yes, they are, and the sole responsibility of direct taxes, such as personal income tax and corporate income tax, remains with the Member States. So what role does European Tax Law play exactly in the field of direct taxation? This article provides a crash course in European Tax Law.
The European Union (hereafter: EU) is starting the green revolution. Following the EU Commission’s FIT for 55 proposal, new legislation is on its way to achieve climate goals.
Despite geopolitical disruption and looming economic concerns, CEOs remain focused on navigating through uncertainty. While the challenges are many, today’s CEOs demonstrate incredible resilience through their ability to navigate external factors and continue to explore and invest in emerging technologies. Below are highlights from the most recent Fortune/Deloitte CEO survey.ì
The OECD released multiple new documents in relation to its Two-Pillar solution, including further Administrative Guidance on the GloBE rules. This Administrative Guidance, amongst others, provides welcome relief for US MNEs. We have summarized the key takeaways for US MNEs below.
Op 10 juli 2023 heeft de Europese Commissie het adequaatheidsbesluit voor het nieuwe EU-U.S. Data Privacy Framework (“DPF”) goedgekeurd. Het besluit bevestigt dat de Verenigde Staten een passend beschermingsniveau garanderen – dat vergelijkbaar is met dat van de EU – voor persoonsgegevens die naar Amerika worden doorgegeven. Op basis van dit nieuwe adequaatheidsbesluit kunnen persoonsgegevens veilig worden doorgegeven van de EU naar bedrijven en organisaties in de VS die deelnemen aan het DPF, zonder dat er nog extra waarborgen voor de gegevensbescherming nodig zijn.
On 21 June 2023, Belgium and the Netherlands signed the long-awaited new tax treaty. The new tax treaty (“the new Treaty”) may impact individuals and companies with activities in Belgium and the Netherlands.
If a business owner from a non-EU country wants to migrate to the Netherlands, it’s often not an easy thing to do. The Netherlands bases its migration policy on the question: ‘what will this person add to the Dutch economy?’.
Migrating to the Netherlands from the United States or Japan: our how to