Members of the European Parliament have said that the EU should be prepared to act if global plans to reform the taxation of the digital economy fail.

On December 18, 2019, the mediation committee of the lower and upper houses of the German parliament (Bundestag and Bundesrat) announced an agreement on the Government's climate legislation, which includes several tax measures.

On December 17, 2019, the Dutch Senate approved numerous tax measures as part of the 2020 Tax Plan, including changes to corporate, individual, and value-added taxes.

In a letter to United States Treasury Secretary Steven Mnuchin, the European Council has expressed concern at the lack of action by the US Government to alleviate the compliance burdens of EU nationals and financial institutions with regards to the US Foreign Account Tax Compliance Act.

Honduras is the 137th territory to sign up to the BEPS Inclusive Framework.

The Swiss Government has released new legislation governing Switzerland's application of provisions in its network of double tax agreements.

Singapore and Germany have signed a protocol to their double taxation agreement, which brings the treaty into line with international standards and amends the maximum withholding tax rates that may be charged.

The OECD is to soon release a report to support Brazil's federal tax agency to potentially converge its transfer pricing rules with the OECD's transfer pricing guidelines.

Liechtenstein and Switzerland have agreed a new cooperation pact in the area of value-added tax administration and enforcement.

Argentina's tax agency has announced further extensions to tax filing dates for transfer pricing filings for financial years ending on December 31, 2018.

The Conservative Party in the UK has won an outright majority in elections held on December 12, 2019.

On December 9, 2019, the Belgian Federal Public Finance Service reminded vendors that since December 1, 2019, they are required to round off cash payments to the nearest five cents.

German Finance Minister Olaf Scholz has presented a final proposal for a European Union financial transactions tax to the 10 member states participating in the initiative.

Companies with a tax ruling dating from 2014 from the Irish Revenue have been encouraged to renew these before they expire.

The OECD recently released the seventh round of stage one peer review reports, assessing eight jurisdictions' efforts to implement the BEPS Action 14 minimum standard on tax dispute resolution.