Search Results for: Member States
EU Bank-Separation Bill Sets $112 Billion Trading Mark
June 16th, 2015
Banks with annual trading activities of more than 100 billion euros ($112 billion) would face added scrutiny from supervisors armed with a tool box of capital rules and separation powers in a draft European Union law. Envoys from the ...
Germany, France Targeted as EU Chases Tax-Loophole Data
June 9th, 2015
The European Union stepped up a probe into tax loopholes for multinational companies, demanding details of specific agreements in 15 nations including euro-area heavyweights Germany, France and Italy. Regulators also issued an ultimatum to Poland and Estonia for failing ...
EU-Switzerland taxation agreement signed in joint effort to improve tax compliance
May 28th, 2015
The European Union and Switzerland on 27 May 2015 signed an agreement on the automatic exchange of financial account information, aimed at improving international tax compliance. The agreement represents an important step in ongoing efforts to clamp down on tax fraud and tax ...
Tougher rules on money laundering to fight tax evasion and terrorist financing
May 25th, 2015
The ultimate owners of companies will have to be listed in central registers in EU countries, open both to the authorities and to people with a “legitimate interest”, such as investigative journalists, under new rules already agreed with the ...
Bank of England Accidentally E-mails Brexit Plans to The Guardian
May 25th, 2015
Bank of England staff are assessing the potential risks related to Britain’s renegotiation of its European Union membership and the threat of the country leaving the bloc. “There are a range of economic and financial issues that arise in ...
CySec imposes administrative fine of €8.000 to a CIF
May 20th, 2015
The Cyprus Securities and Exchange Commission (‘CySEC’) has notified the public that has imposed an administrative fine of €8.000 to Reliantco Investments Ltd for the infringement of the Law which provides for the provision of Investment services, the exercise ...
GCC pushes on towards introduction of regional VAT
May 12th, 2015
GCC officials agreed at the weekend to keep working towards the introduction of a value-added tax (VAT) around the region, in a sign that low oil prices may be strengthening support for the idea. A meeting in Doha of ...
EU Clarifies Digital VAT Proposals
May 11th, 2015
The European Commission has released more detail on its value-added tax proposals under its new Digital Single Market Strategy. The Commission previously confirmed it will legislate in 2016 to reduce the administration burden on businesses arising from different VAT ...
Tax rulings: “We need a common corporate tax base”, says Commissioner Vestager
May 6th, 2015
Why did the EU Commission take so long to launch investigations into member states’ tax rulings? Is its strategy to go only after small countries, such as Belgium, the Netherlands, Luxembourg and Ireland? Will the instruments available to it ...
Euro area annual inflation up to 0.0%
April 30th, 2015
Euro area(1) annual inflation(2) is expected to be 0.0% in April 2015, up from -0.1% in March(3) , according to a flash estimate(4) from Eurostat, the statistical office of the European Union. Looking at the main components of euro ...
