Search Results for: European Commission
Scandinavians split Europe on digital tax plan
June 6th, 2018
“A digital services tax deviates from fundamental principles of income taxation by applying the tax on gross income, i.e. without regard to whether the taxpayer is making a profit or not,” Swedish Finance Minister Magdalena Andersson, and the finance ...
Breaking: The Cyprus Regulator clarifies about the ESMA CFDs and Binary Options measures in regards non EU residents
June 4th, 2018
Further to a number of queries received, the Cyprus Securities and Exchange Commission (CySEC) has issued today a Circular to inform on whether the ESMA product intervention measures about Contracts For Difference (CFDs) and Binary Options would also apply in ...
EU sees $23.5 Billion in revenue from financial-transaction tax
May 23rd, 2018
A proposed tax on financial transactions in 10 European Union countries could generate about 19.6 billion euros ($23.5 billion) of annual revenue, though Brexit could make collection more difficult, according to a new estimate. Derivatives account for more than ...
CySEC released a statement of new rules governing derivatives on virtual currencies
May 16th, 2018
The Cyprus Securities and Exchange Commission (CySEC) has issued a statement to inform about new rules when providing investment services in relation to derivatives on virtual currencies. According the statement: Further to the European Securities and Markets Authority’s (ESMA) ...
Europe’s digital tax map: Where countries stand
April 12th, 2018
The European Commission’s proposal to introduce a temporary levy to tax the revenues of digital giants is causing deep divisions between European countries, according to a POLITICO analysis of diplomatic positions. Shortly after the proposal was unveiled in late ...
EU plans more powers for consumers to sue companies
April 12th, 2018
The European Union plans more powers for consumers to sue firms such as Volkswagen after the Dieselgate scandal showed the limits of consumer protection authorities to curb corporate cheating. Wednesday’s proposal by the EU executive would allow some groups ...
CySEC decided to withdraw the suspension of the authorisation of a Cyprus Investment Firm
February 23rd, 2018
The Cyprus Securities and Exchange Commission (CySEC), further to its Decision published on 17 March 2017, informs the public that, at its meeting dated 12 February 2018, decided to withdraw the suspension of the authorisation of the Cyprus Investment ...
Taxation highs and low identified in EU report on policy
January 16th, 2018
The report shows that Ireland is not a high tax country with total tax receipts as a percentage of GDP the lowest in the EU and the Effective Marginal Tax Rates lowest 1/3 in the EU Even with a ...
ESMA publishes register of derivatives to be traded on-venue under MiFIR
January 10th, 2018
The European Securities and Markets Authority (ESMA) has published a public register of those derivative contracts that are subject to the trading obligation under the Markets in Financial Instruments Regulation (MiFIR). MiFIR applies since 3 January 2018, and the ...
Gas prices rise in freezing Europe
December 13th, 2017
Energy markets were shocked Tuesday by the closure of a pipeline in the North Sea and a major explosion at a facility in Austria that helps move natural gas from Russia. The price of both crude oil and natural ...
