Second reading of the Draft Act on the Amendment of the Law on Exchange of Tax Information, the Taxation Procedure Act, and the Income Tax Act (379 SE)
Session: 15th Estonian Parliament, 3rd sitting, plenary session
Date: 2024-04-03 21:09
Participating Politicians:
Total Speeches: 5
Membership: 15
Agenda Duration: 4m
AI Summaries: 5/5 Speeches (100.0%)
Analysis: Structured Analysis
Politicians Speaking Time
Politicians
Analysis
Summary
Under the seventh item on the agenda, the second reading of Draft Law 379, initiated by the Government of the Republic, concerning the amendment of the Law on Exchange of Tax Information, the Taxation Procedure Act, and the Income Tax Act, is being addressed. The objective of the draft law is to impose an obligation on multinational groups to disclose the amounts of income tax paid and to provide country-by-country background information, in order to increase tax transparency and combat tax evasion at the global level. The amendments encompass changes to accounting directives and tax directives, and establish a new Chapter 103, which sets out the global minimum tax. The number of such companies in Estonia is small, and they already submit similar reports to the Tax and Customs Board. Consequently, preparing a separate report could result in substantive double reporting; for this reason, Estonia is partially transposing the tax directive.
Decisions Made 1
The leading committee made the following procedural decisions: to place the draft bill on the agenda of the Riigikogu plenary session for the second reading on April 3rd of this year and to conclude the second reading; if the second reading is concluded, to place it on the agenda of the Riigikogu plenary session for the third reading on April 10th of this year, and to adopt the draft bill as law. No amendments were submitted; there are no requests for debate; interest groups did not submit proposals for changes.
Most Active Speaker
The most active speaker was pid 7G-qI3x8AbY (the Chairman of the Finance Committee). His presentation covered significant information and discussion activity during the second reading of Bill 379; his position in the Riigikogu is 'other' (neither left nor right, but a specific role).
Aseesimees Jüri Ratas
AI Summary
Jüri Ratas proceeds to the seventh item on the agenda and announces that the second reading of Bill 379—the Act on the Amendment of the Act on Tax Information Exchange, the Taxation Procedure Act, and the Income Tax Act, initiated by the government—is scheduled. He then asks Annely Akkermann, the Chairman of the Finance Committee, to step forward to present the bill and to request silence in the chamber.
Annely Akkermann
Profiling Eesti Reformierakonna fraktsioonAI Summary
The provided speech only contains the greeting, "Good afternoon...", so it is not possible to create a meaningful summary.
Aseesimees Jüri Ratas
AI Summary
Deputy Speaker Jüri Ratas welcomes the listeners.
Annely Akkermann
Profiling Eesti Reformierakonna fraktsioonAI Summary
Annely Akkerman's main message is that Bill 379 obligates large multinational groups to disclose income tax information and prepare a separate report, thereby increasing tax transparency and combating tax evasion. This is achieved by partially transposing European tax directives and amending the Tax Information Exchange Act and the Income Tax Act, with the future intention of incorporating the concept of a global minimum tax. However, given the small number of such companies in Estonia, creating a separate report would result in duplicate reporting. Consequently, the bill will be moved to a second reading, and the legislative process will resume in April.
Aseesimees Jüri Ratas
AI Summary
Jüri Ratas thanked the rapporteur, stated that there were no questions and no debate was requested, no amendments were submitted regarding Draft Legislation 379, the lead committee decided to conclude the second reading of Draft Legislation 379, and the consideration of the seventh agenda item is finished.