KPMG member firms in the EU

We appreciate the opportunity to comment on the proposed revisions to the European Sustainability Reporting Standards (ESRS) that respond to early implementation experience under the Corporate Sustainability Reporting Directive (CSRD) and to address concerns raised by preparers and users regarding complexity, operability and reporting burden.

KPMG Comments on the proposal for a Regulation establishing a carbon border adjustment mechanism KPMG Member Firms in the EU 1 are pleased to provide comments on the proposal for a Regulation establishing a carbon border adjustment mechanism released on 14 July 2021 (the “CBAM Regs”).

Opening of the attached position paper · the full paper is on the Commission’s record (source link above)

We appreciate the opportunity to comment on the European Commissions (EC) Call for evidence on the revision of the Sustainable Finance Disclosure Regulation (SFDR). We have consulted with our member firms to ensure the letter attached represents the views of the KPMG network.

While reviewing both uploaded documents regarding the amendments, I noticed what appears to be a discrepancy between the two texts. In the draft of the delegated regulation (page 2), it states:"The relevant products listed under Wood in Annex I to Regulation (EU) 2023/1115 do fall within the scope of that Regulation if they are made solely of bamboo, rattan, and other materials of woody nature." However, in the…

KPMG member firms in the European Union are pleased to provide comments on the European Commissions public consultation Simplifying EU rules on direct taxation omnibus. We welcome the European Commission's initiative to streamline, enhance and clarify the corporate tax directives and the Tax Dispute Resolution Mechanisms Directive, with the aim of supporting the competitiveness of the EU.

KPMG member firms in the European Union are pleased to provide comments on the European Commissions public consultation Business in Europe: Framework for Income Taxation (BEFIT) (the Consultation) on a common corporate tax system in the EU. KPMG welcomes the ECs ambition to simplify compliance requirements, promote tax certainty and reduce risks of double taxation.

KPMG member firms in the EU are pleased to provide comments on the European Commissions initiative Business in Europe: Framework for Income Taxation (BEFIT) on a common corporate tax system in the EU. Given that the call for evidence and the public consultation were published simultaneously, our comments - set out in the attached letter, aim to address the issues noted in the inception impact assessment as well as…

KPMG member firms in the EU are pleased to provide comments on the European Commissions public consultation on a Proposal for a Council Directive on Faster and Safer Relief of Excess Withholding Taxes (FASTER) on a common EU-wide system for withholding tax on dividend and interest payments.

KPMG member firms in the EU (hereafter ‘we’) are pleased to provide comments on the European Commission’s (EC’s) proposal for a Council Directive on laying down rules on a debt-equity bias reduction allowance and on limiting the deductibility of interest for corporate income tax purpose (the Directive or DEBRA proposal).

KPMG member firms in the European Union are pleased to provide comments on the European Commissions public consultation "EU rules on administrative cooperation in the field of taxation recast". We welcome the European Commission's initiative to clarify, simplify and improve the functioning of EU rules on administrative cooperation in the field of taxation, with the aim of reducing the administrative burden for…

KPMG member firms in the EU are pleased to provide comments on the European Commission’s (EC’s) proposal for a Council Directive laying down rules to prevent the misuse of shell entities for tax purposes and amending Directive 2011/16/EU (the Directive).

Please see attached for full note KPMG member firms in the EU (“we”) are pleased to provide comments on the European Commission’s (EC’s) recent Inception Impact Assessment (Ref. Ares(2020)7030524 - 23/11/2020) initiated to explore the possibility of amendment of the Council Directive 2011/16/EU.

KPMG member firms in the EU are pleased to provide comments on the European Commission’s initiative for “Tackling the role of enablers involved in facilitating tax evasion and aggressive tax planning”. Given that the call for evidence and the public consultation were published simultaneously, our comments - set out in the attached letter, aim to address the issues noted in the inception impact assessment as well as…

KPMG member firms in the EU are pleased to provide comments in the attached document on the European Commission’s proposal for a Council Directive on ensuring a global minimum level of taxation for large multinational groups in the Union. KPMG supports the EC’s efforts in ensuring a harmonized implementation in the EU of the OECD GloBE Model Rules under Pillar Two, while safeguarding compliance with EU law.