Categories: From Europe (232 found)

1. 23.11.2023

   EU-Commission fines Rabobank over Euro-denominated bonds tra ...

   The European Commission has fined Rabobank for participating in a cartel concerning the trading of certain Euro-denominated bonds, together with Deutsche Bank. Deutsche Bank was not fined as it revealed the cartel to the Commission under the leniency program.

   Categories: From Europe

   Keywords: fine, cartel
2. 22.11.2023

   Banco Popular: Shareholders and creditors not entitled to co ...

   The General Court of the EU decided today that affected shareholders and creditors in the course of winding up Spain's ailing Banco Popular in 2017 were not entitled to compensation from the Single Resolution Fund, as they would not have received better treatment in the event of the liquidation of the bank than that resulting from its resolution.

   Categories: From Europe

   Keywords: Liquidation, resolution
3. 16.11.2023

   European Commission to refer Belgium to the European Court o ...

   Today, the European Commission decided to refer Belgium to the European Court of Justice for its failure to comply with the Treaty principle of free movement of workers, as regards taxation of non-resident taxpayers with modest income.

   Categories: From Europe

   Keywords: free movement of workers
4. 26.10.2023

   European Green Bonds: Council adopts new regulation to promo ...

   The European Council adopted a regulation creating a European green bond standard. The regulation lays down uniform requirements for issuers of bonds that wish to use the designation ‘European green bond’ or ‘EuGB’ for their environmentally sustainable bonds.

   Categories: From Europe

   Keywords: EU SF Green Bonds Standard
5. 25.10.2023

   VAT compliance: EU Member States made progress in 2021

   According to a new report released by the European Commission on 24 October 2023 most EU Member States made progress in the enforcement of Value-Added Tax (VAT) compliance in 2021. The annual VAT Gap study, which measures the difference between theoretically expected VAT revenues and the amount actually collected, shows that Member States lost around €61 billion in VAT in 2021, compared to €99 billion in 2020.

   Categories: From Europe

   Keywords: collection of VAT
6. 17.10.2023

   EU-Council adopts directive to boost cooperation between nat ...

   Today, the Council adopted a directive amending EU rules on administrative cooperation in the area of taxation. The amendments mainly concern the reporting and automatic exchange of information on revenues from transactions in crypto-assets and on advance tax rulings for the wealthiest (high-net-worth) individuals.

   Categories: From Europe

   Keywords: cooperation, exchange of information
7. 12.10.2023

   Update: General Court: Belgian tax rulings for multinational ...

   The tax exemptions by way of tax rulings from Belgium to companies forming part of multinational groups constitute an unlawful aid scheme. The General Court of the EU thus confirms the decision of the European Commission which found, in 2016, that the Belgian tax scheme was an infringement of the EU rules on State aid.

   Categories: From Europe

   Keywords: tax rulings, state aid
8. 29.09.2023

   General Court annuls Commission’s decision on Spanish tax sc ...

   The General Court invalidates the Commission’s decision declaring the Spanish tax scheme on the deduction for indirect acquisitions of shareholdings in foreign companies unlawful.

   Categories: From Europe

   Keywords: share acquisition, illicit state aid
9. 13.09.2023

   EU Commission: New proposals to simplify tax rules and reduc ...

   On 12 September 2023, the European Commission adopted a key package of initiatives to reduce tax compliance costs for large, cross-border businesses in the EU, called “Business in Europe: Framework for Income Taxation” (BEFIT), to make life easier for both businesses and tax authorities by introducing a new, single set of rules to determine the tax base of groups of companies.

   Categories: From Europe

   Keywords: Compliance, cross border transactions
10. 05.09.2023

    EU Commission to facilitate the activities of cross-border a ...

    The European Commission adopted a proposal to facilitate cross-border activities of non-profit associations in the EU. It will improve the functioning of the Internal Market by removing legal and administrative barriers for non-profit associations that operate or wish to operate in more than one Member State, thus promoting the role non-profit associations play in generating economic and societal values in the EU and allow a level playing field between them.

    Categories: From Europe

    Keywords: non-business, non-profit associations
11. 27.07.2023

    State aid: Commission approves German support for on-shore L ...

    The European Commission has approved, under EU State aid rules, a €40 million German support measure for the construction and operation of a new land-based liquefied natural gas (‘LNG') terminal in Brunsbüttel. The measure will contribute to the security and diversification of energy supplies in Germany and help end dependence on Russian fossil fuels in line with the REPowerEU Plan.

    Categories: From Europe

    Keywords: state aid, LNG terminal
12. 19.07.2023

    EU-Commission approves German scheme to support private inve ...

    The European Commission has approved a €3 billion German scheme to support private investments in specific strategic goods needed to foster the transition towards a net-zero economy, in line with the Green Deal Industrial Plan. The scheme was approved under the State aid Temporary Crisis and Transition Framework, adopted earlier by the Commission to support measures in sectors which are key to accelerate the green transition and reduce fuel dependencies.

    Categories: From Europe

    Keywords: European Green Deal
13. 20.06.2023

    EU Commission: Improve withholding tax procedures to boost c ...

    On 19 June 2023 the European Commission proposed new rules to make withholding tax procedures in the EU more efficient and secure for investors, financial intermediaries (e.g., banks) and Member State tax administrations. This initiative is aimed to promote fairer taxation, fight tax fraud, and support cross-border investment throughout the EU.

    Categories: From Europe

    Keywords: Fraud, withholding tax
14. 14.06.2023

    Commission takes further steps to boost investment for susta ...

    On 13 June 2023 the Commission has put forward a new package of measures to build on and strengthen the foundations of the EU sustainable finance framework. The package aims to support companies and the financial sector, while encouraging the private funding of transition projects and technologies.

    Categories: From Europe

    Keywords: Sustainable Finance (SF), Financial Serv ...
15. 13.06.2023

    Update of the OECD Guidelines for Multinational Enterprises ...

    The OECD Guidelines for Multinational Enterprises on Responsible Business Conduct are recommendations addressed by governments to multinational enterprises. They aim to encourage positive contributions enterprises can make to economic, environmental, and social progress, and to minimize adverse impacts on matters covered by the Guidelines that may be associated with an enterprise’s operations, products, and services. The 2023 update is now available!

    Categories: From Europe

    Keywords: OECD model
16. 08.06.2023

    Council and Parliament: Provisional agreement on financial s ...

    On 6 June 2023 the EU-Council and the EU-Parliament have reached a provisional political agreement on the directive concerning financial services contracts concluded at a distance. The agreed text simplifies existing legislation, increases consumer protection, and creates a level playing field for financial services concluded online, via telephone or through other forms of remote marketing.

    Categories: From Europe

    Keywords: Financial Services (FS) / Finanzdienstle ...
17. 25.05.2023

    EU Customs Reform: A data-driven vision for a simpler and sa ...

    The EU-Commission has put forward proposals for the most ambitious and comprehensive reform of the EU Customs Union since its establishment in 1968. The measures present a world-leading, data-driven vision for EU Customs, which will massively simplify customs processes for business, especially for the most trustworthy traders.

    Categories: From Europe

    Keywords: Customs simplifications
18. 16.05.2023

    Council of the EU: Spotlight on crypto assets and the wealth ...

    The Council has reached agreement on its position regarding amendments to the directive on administrative cooperation in the area of taxation. The amendments mainly concern the reporting and automatic exchange of information on revenues from transactions in crypto-assets and information on advance tax rulings for the wealthiest (high-net-worth) individuals.

    Categories: From Europe

    Keywords: cooperation, crypto asset
19. 14.05.2023

    Crypto assets: Go ahead for supervision and consumer protect ...

    The European Parliament endorsed the first EU rules to trace crypto-asset transfers, prevent money laundering, as well as common rules on supervision and customer protection.

    Categories: From Europe

    Keywords: bitcoin, crypto transfer, crypto asset
20. 10.05.2023

    General Court annuls EU-Commission’s approval of aid measure ...

    In today’s judgment the European General Court annuls the decision of the European Commission to approve the recapitalization of Lufthansa by Germany, amounting to €6 billion euros, in the context of the COVID-19 pandemic.

    Categories: From Europe

    Keywords: state aid
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