COVID-19 Related News

COVID-19 Related News

Chapter News, COVID-19 News

OECD | More can be done to ensure a green recovery from COVID-19 crisis

Many countries are making “green” recovery measures a central part of stimulus packages to drive sustainable, inclusive, resilient economic growth and improve well-being in the wake of the COVID-19 crisis. However some countries are also implementing measures that risk having a negative environmental impact and locking in unsustainable growth, according to new OECD analysis discussed by member country ministers today. New OECD analysis, Making the Green Recovery Work for Jobs, Income and Growth, indicates that OECD member governments have committed USD...
Chapter News, COVID-19 News

Countries have responded decisively to the COVID-19 crisis, but face significant fiscal challenges ahead

03/09/2020 - Governments have taken unprecedented fiscal action in response to the COVID-19 crisis, but countries will need to support economic recovery in the face of significantly increasing fiscal challenges, according a new OECD report. Tax Policy Reforms 2020 describes the latest tax reforms across OECD countries, as well as in Argentina, China, Indonesia and South Africa. The report identifies major tax policy trends adopted before the COVID-19 crisis and takes stock of the tax and broader fiscal measures introduced...
Chapter News, COVID-19 News

France and Germany facing European challenges in the crisis

Speech by François Villeroy de Galhau, Governor of the Banque de France | Berlin Academy – Berlin, 10 September 2020 Ambassador Descôtes Professors Schwan, Göring, Kaplan, Ladies and gentlemen, I am very pleased to be with you today, despite the obstacles related to Covid. The Berlin Academy is one of the essential forums where Franco-German relations, which are at the heart of the European project, can be deepened over time. I am completely convinced of this. I am French, but my family's roots...
Chapter News, COVID-19 News

Disinformation: EU assesses the Code of Practice and publishes platform reports on coronavirus related disinformation

Today, the Commission presents the assessment of the implementation and effectiveness of the Code of Practice on Disinformation. The assessment shows that the Code has proven a very valuable instrument, the first one of its kind worldwide, and has provided a framework for a structured dialogue between relevant stakeholders to ensure greater transparency of platforms' policies against disinformation within the EU. At the same time, the assessment highlights certain shortcomings mainly due to the Code's self-regulatory nature. Věra Jourová, Vice President for Values and...
COVID-19 News, Member News

Loyens & Loeff | Cross-border workers: COVID-19 agreements extended in Belgium

Belgium has concluded agreements with Germany, France, Luxembourg and the Netherlands on the tax impact of international travel restrictions and health instructions (‘work at home’) for cross-border workers and their employers. In force until 31 August 2020, these agreements have now been extended up to (and included) 31 December 2020. Click here to read the article Cross-border workers & COVID-19 This article is also available in French COVID-19 Agreement with Germany The Belgian and German authorities concluded a COVID-19 Agreement on 6 May 2020. The...
Chapter News, COVID-19 News

OECD | Countries have responded decisively to the COVID-19 crisis, but face significant fiscal challenges ahead

Governments have taken unprecedented fiscal action in response to the COVID-19 crisis, but countries will need to support economic recovery in the face of significantly increasing fiscal challenges, according a new OECD report. Tax Policy Reforms 2020 describes the latest tax reforms across OECD countries, as well as in Argentina, China, Indonesia and South Africa. The report identifies major tax policy trends adopted before the COVID-19 crisis and takes stock of the tax and broader fiscal measures introduced by countries...
Chapter News, COVID-19 News

Coronavirus Global Response: EU Commission joins the COVID-19 Vaccine Global Access Facility (COVAX)

Today, the European Commission has confirmed its interest to participate in the COVAX Facility for equitable access to affordable COVID-19 vaccines everywhere, for everyone who needs them. As part of a Team Europe effort, the Commission is today also announcing a contribution of €400 million in guarantees to support COVAX and its objectives in the context of the Coronavirus Global Response. Ursula von der Leyen, President of the European Commission, said: “Global collaboration is the only way to overcome a global pandemic. Under...
COVID-19 News, Member News

BPBCPA | Top Ten Business Income Tax Planning Ideas During the Age of COVID-19

Executive Summary Three deeply experienced tax professionals based in BPBCPA's New York City office share useful tax planning ideas for business owners. By leveraging these strategies, companies can improve their cash position and create refund opportunities. While technically focused, this white paper offers practice advice for business owners and in-house accounting staff. Reconsidering the approach to inventory, tax planning, equipment, stock and debt, and foreign operations, can unlock cash flow and positively impact a company’s financial position. Access the full whitepaper here: Top...