The introduction of the Carbon Border Adjustment Mechanism (CBAM) by the European Union (EU) is further evidence of decarbonization commitments by governing bodies. But are companies prepared to take what could be seen as supply chain barriers and reshape them into building blocks for their own carbon ambitions?
Tax functions need to plan for the challenges CBAM will create and identify the potential opportunities it offers.
Source: globaltaxnews.ey.com
Latest Posts in "European Union"
- Blog Luc Dhont: How Can Multinationals Comply with VAT on Transfer Pricing Adjustments Post-ECJ Arcomet?
- ECJ Opinion Sheds Light on VAT for Ancillary Services in German Accommodation Sector
- Briefing document & Podcast – C-409/04 (Teleos): Physical Movement & Supplier Due Diligence Key for Intra-EU VAT Exemption
- EU boosts tax cooperation with Andorra, Liechtenstein, Monaco, and San Marino
- Briefing document & Podcast: ECJ C-271/06 (Netto Supermarkt) – VAT exemption granted if fraud undetectable with due commercial care
