On Monday 29 September, the European Commission issued a proposal for a recommendation to the Council of the EU to be authorised to negotiate at the United Nations with a view to reaching agreement on the Second Early Protocol to the United Nations Framework Convention on International Tax Cooperation.
The Framework Convention’s mandate specifies that two Early Protocols are to be drawn up simultaneously: the first on the income derived from the provisions of cross-border services in an increasingly digitalised and globalised economy, and the second on the prevention and resolution of tax disputes. With the work of the intergovernmental negotiating committee due to be completed in 2027, the committee is expected to meet at least three times a year. One of the meetings already took place in February (see EUROPE 13576/15).
The purpose of this proposal for a recommendation is therefore to ensure that the European Union is properly involved in these negotiations, given that they are expected to deal with issues falling within the Union’s competence in the field of taxation. The Commission mentions in particular the European legal instruments concerning the resolution of disputes and preventive mechanisms in the context of administrative cooperation.
To read the recommendation: https://aeur.eu/f/ipp (Original version in French by Anne Damiani)