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When the European Green Deal was launched in December 2019, it set the tone for the EU to be a world leader in addressing climate change issues. The comprehensive plan aimed at making the European Union climate-neutral by 2050, with at least 50% greenhouse gas emissions cut by 2030. Roll forward to 2025 and the…

On 5 January 2026, the OECD/G20 Inclusive Framework (147 jurisdictions) agreed a way forward on Pillar Two and published the Side-by-Side (SbS) Package. The package introduces targeted simplifications and new safe harbours, while reaffirming QDMTTs as the primary mechanism for protecting domestic tax bases, changes that may materially affect Pillar Two compliance and cash tax…

Inflation across the eurozone eased to 2% in December, edging down from November’s 2.1% pace and landing on the European Central Bank’s long-term target. This reflects a broad cooling in goods prices and continued restraint in energy costs, while services inflation remains the main source of underlying momentum. The key takeaway is that price pressures…

The Cyprus Tax Reform is here — and it’s reshaping the way businesses plan, invest, and grow. Are you ready to turn change into opportunity? Join our exclusive client briefing to discover what’s new, what’s next, and how to stay ahead in 2026 and beyond. This comprehensive session will cover all the key changes introduced…

For financial reporting periods beginning on or after 1 January 2027, entities must apply the requirements of IFRS 18 “Presentation and Disclosure in Financial Statements”.  The International Accounting Standards Board has issued the new standard, officially replacing IAS 1 “Presentation of Financial Statements”. Financial Statements will have a different presentation on their financial performance statements…

MHA plc is pleased to announce that the firm has entered into an agreement to acquire Moore Stephens LLC, an audit practice, and Moore Stephens Consulting LLC, a tax and consulting services firm. The two firms are headquartered in Dubai and are collectively known as MS UAE. The acquisition is consistent with MHA’s strategy of…

The European Central Bank’s decision to keep interest rates unchanged at 2% at its final meeting of the year signals a continued commitment to fighting inflation, even as growth across the euro area remains uneven. As 2026 approaches, it appears that rates have reached near the bottom of the cycle — the ECB are unlikely…

Estonia’s Ministry of Finance has said it did not agree (under an OECD Inclusive Framework “silent procedure”) to the proposed Pillar Two side-by-side system package, and that it wants an outcome “acceptable to all parties.” In its announcement, Estonia argues that the OECD minimum tax rules are highly complex, would create a disproportionate administrative burden…