We have included links to a selection of our tax alerts below. Additional articles are available in our global tax alert library.
Denmark: The Danish government has established a long-term plan (‘Agreement for a Greener Denmark’) which is designed to significantly cut greenhouse gas emissions from the food and agriculture sectors, aiding Denmark in achieving its climate objectives for 2030. The agreement outlines a substantial shift in land use and introduces a CO2 equivalent emission tax on livestock emissions.
Denmark: The Danish Parliament has introduced a new CO2 tax on fuels (natural gas, coal, oils, etc.). The new tax introduces significant changes to existing legislation, aiming to enhance sustainability and green industrial practices. The main changes to the current legislation include increasing the existing CO2 tax on fuels by 400%; cutting the existing excise duty on fuels in half; and adding a new CO2 equivalent emissions tax for companies covered by the European Union's Energy Trading System (ETS-1).
Italy: The Italian Council of Ministers has approved new provisions introducing amendments to Italy’s Co-operative Compliance regime, which entered into force in January 2024.
Poland: The Polish Constitutional Court has ruled that certain mandatory disclosure rules (MDR) in the Tax Ordinance are unconstitutional as they violate the legal professional privilege of tax advisors.
Korea: Korea's 2024 tax reform proposals, announced on 25 July 2024, include clarifications of the global minimum tax rules, an extension of the application period for R&D and Integrated Investment tax credits, the elimination of the share premium for shares held by major shareholders and the introduction of a tax incentive to promote the return of earnings to shareholders.