Search Results for: European commission
EU to hit UK with £50 billion Brexit settlement
December 17th, 2016
The European Commission’s chief negotiator has said that the UK would have to pay a Brexit settlement fee of €50-€60 billion (£42-£50 billion). Michel Barnier mentioned the figure to EU leaders, according to Sky News. Expected to be one ...
Germany accused of strangling EU tax transparency
December 13th, 2016
A German-led group of EU states is trying to strangle plans for greater tax transparency, amid the restart of an iconic whistleblower case. Germany was accused of leading the behind-the-scenes attack on a European Commission proposal to raise transparency ...
Three major Banks fined €485 million for Euribor fix cartel
December 7th, 2016
The European Commission has fined Crédit Agricole, HSBC and JPMorgan Chase, a total of € 485 million for participating in a cartel in euro interest rate derivatives. The banks colluded on euro interest rate derivative pricing elements, and exchanged ...
Italy passes 2017 budget, paving way for PM Renzi’s resignation
December 7th, 2016
The Italian parliament on Wednesday gave its final approval to the government’s 2017 budget, which has irked the European Union, paving the way for Prime Minister Matteo Renzi to hand in his resignation. Renzi said he would quit following ...
Football Leaks: Corruption of the game
December 5th, 2016
From where did the largest dataset leak in the history of sports come? And who is the man who exposed the corruption and tax scheming – the individual who is now being hunted down by the giants of the ...
EU announces new tax rules to support online trading booming market
December 5th, 2016
Statement by Vice-President Ansip at the press conference to announce new tax rules to support e-commerce and online businesses in the EU Online trading is a booming market, for buyers as well as sellers. Europe could be making so ...
Italy has requested possible Monte dei Paschi bailout
December 2nd, 2016
Italy is discussing with the European Commission the terms of a state bailout of ailing bank Monte dei Paschi (BMPS.MI: Quote) that has already been requested and could be launched next week if needed, Italian daily Corriere della Sera ...
Fraud involving VAT on goods costs EU tax payers an estimated €50 billion a year
November 25th, 2016
VAT reform: how MEPs intend to tackle the €50 billion a year fraud Fraud involving VAT on goods exported to other member states costs EU tax payers an estimated €50 billion a year. The European Commission has come up ...
PwC comments on EU’s proposed changes to finalise Basel III and start implementing Basel IV
November 25th, 2016
Earlier this week , the European Commission published its first proposals for revised rules to calibrate capital and liquidity requirements – in the form of a Directive and a Regulation (“CRD V”& “CRR II”), as well as amendments to ...
Payment card acceptance expanding fast in developing markets
November 25th, 2016
Rural expansion is driving rapid growth in card acceptance in developing markets, while regulation and new technology are boosting acceptance in more developed markets Underserved regions are showing the fastest growth According to RBR’s latest research, Global Payment Cards ...
