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Date of publication: 2023

Taxonomy-aligned Activities – Contribution, Impact & Compliance

News from the AGN EMEA Accounting, Auditing & Education Committee (AAEC)

The March newsletter addressed the Procedure for Taxonomy-eligible Activities. In this newsletter, Carsten Ernst – AGN’s Expert in financial (IFRS) and sustainability (ESRS and GRI) reporting, focuses on Taxonomy-aligned Activities. Does the economic activity contribute substantially to achieving one of the six environmental objectives? Does the economic activity result in no significant harm to the environmental objectives? Are the minimum safeguards according to Article 18 of the Environmental Taxonomy Regulation complied with?

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Onwards and Upwards at Gilligan Sheppard

By Bruce Sheppard, CEO at Gilligan Sheppard in New Zealand. As GS approaches its 40-year milestone (2025 marks 40 years!), we are preparing for the next 40 years with a focus on the next generation and succession planning. We want to ensure our people, meaning you – our clients and our team, are in the best possible hands so that you can enjoy the continuity of service and feel secure for the future.

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AGN Taxpresso: Issue 1 2023 (Asia Pacific Tax Publication)

Richard Ashby – Chairman, AGN Asia Pacific Tax Committee. Welcome to our first issue of the 2023 AGN AP Taxpresso, a quarterly publication composed of articles drafted by members of our AGN Asia Pacific Tax Committee.

This edition is also my first as chairman of the committee, as Vimala hands over the reins of chairmanship, a position she has expertly managed since the AGN Asia Pacific Tax Committee was originally formed.

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Connection – North America Newsletter #47 I April 2023

As our members practicing in tax look forward to the upcoming deadline, I thought it would be interesting to look back at what was happening in the world of U.S. Federal Tax back in the first year of the association. On November 9, 1978, President Carter signed the Revenue Act of 1978. The following changes came from the Archives of the New York Times.


The minimum income for which a return must be filed increased to $3,300 for single and head-of-household filers and to $5,400 for a married couple under age 65 filing a joint return.


Formerly known as the standard deduction, it was increased from $2,200 to $2,300 for single taxpayers and heads of households and from $3,200 to $3,400 for married couples.


The act reduced the table of 25 income brackets to 15 (16 for single persons). The brackets have been widened to achieve this simplification. Rates continued to range from 14 to 70 per cent.

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Importance of meeting Substance Requirements – The Netherlands

AGN EMEA Taxation Task Force (TTF) Newsletter

Does your client have a Dutch holding (finance) company or Dutch operations which are held by a foreign holding (finance) company with a limited function? If the answer is yes, it is important to consider the substance requirements. For tax purposes, the substance requirements are probably more relevant than expected!

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Spain – The Only EU Country With a Tax on Non-Reusable Plastic Packaging

Contributed by: Munt Audit & Forensic.

In 2020, Brussels created a new category of Union own resources based on national contributions, calculated on the basis of plastic packaging that is not recycled through Council Decision (EU, Euratom) 2020/2053. As of 14 December 2020, the European Union’s own resources system was established and each country is obliged to pay €0.8 per kilogram of waste that is not recycled.

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