Search Results for: European Commission
Brexit: Financial market participants whose activity might be impacted
December 29th, 2020
The European Securities and Markets Authority (ESMA) remind stakeholders to be aware and prepared for changes that will occur from 1 January 2021. On 29 March 2017, the United Kingdom (UK) notified the European Council of its intention to ...
Waiving VAT and customs duties on vital medical equipment
November 18th, 2020
The European Commission waives customs duties and VAT on the import of medical equipment from non-EU countries. The European Commission had already in April 2020 published a decision helping Member States affected by the coronavirus pandemic to temporarily suspend ...
The dollar clung to familiar ranges on Monday
October 5th, 2020
The dollar clung to familiar ranges on Monday as financial markets awaited news on the health of U.S. President Donald Trump, who last week tested positive for the coronavirus, sending investors into safe-haven assets. Risk-sensitive markets such as stocks ...
EU expecting COVID-19 dent in 2020 VAT collections
September 30th, 2020
The European Commission has published its latest VAT gap report, which show that EU countries lost an estimated EUR140bn (USD165.7bn) in VAT revenues in 2018, down EUR1bn in nominal terms on the year prior. The “VAT gap” measures the ...
EU considers tax, emissions trading for carbon border plan
July 24th, 2020
The European Union has laid out options for designing its plan to impose charges on imports of some goods to try to protect EU industry from being undercut by countries with weaker climate policies. Options under consideration are a ...
Europe: A new corporate tax could raise €10 billion a year
June 12th, 2020
A new corporate tax could raise €10 billion a year to help fund stimulus plans while amounting to less than 0.2% of turnover of large companies that benefit from the European Union’s single market, the bloc’s executive said on ...
EU defers e-commerce VAT package in light Of COVID-19
May 19th, 2020
The EU will postpone the entry into force of its VAT e-commerce package and will defer certain filing deadlines under the administrative cooperation directives due to the COVID-19 pandemic. The European Commission has proposed that the VAT e-commerce package ...
Europe embarks on economic revolution with landmark climate law
March 5th, 2020
Europe wants to make it illegal by 2050 to emit more greenhouse gases than can be removed from the atmosphere. European Commission President Ursula von der Leyen unveiled a draft law on Wednesday that would commit the region to ...
Dollar dips, set for smallest annual gain in six years; The Euro rose
December 30th, 2019
The dollar was on the defensive on Monday in light year-end trading after suffering a setback in the previous session, as safe-haven demand for the greenback waned on hopes of a U.S.-China trade deal and renewed optimism about global ...
Pound’s gains erased amid Brexit deal jitters
October 17th, 2019
The rally in the pound triggered by news of a Brexit agreement has failed to last following concerns that the deal could still be scuppered. Sterling had surged to a five-month high against the dollar, coming close to $1.30, ...
