Search Results for: European Commission
ACCA welcomes the new VAT Action Plan
April 11th, 2016
ACCA (the Association of Chartered Certified Accountants) welcomes the new VAT Action Plan unveiled by the European Commission today, but warns of the potential danger of compliance costs for smaller businesses. Chas Roy-Chowdhury, ACCA’s head of taxation says: ‘No ...
EU Nations Split Over Tax Rules on Controlled Foreign Companies
April 11th, 2016
Tax debate weighs on push to pass anti-fraud package by June Panama leaks give extra incentive to EU corporate-tax campaign European Union proposals to crack down on corporate-tax avoidance are getting stuck in a fight over how to curb ...
EU competition chief says unclear when Apple tax probe will be decided
April 5th, 2016
A two-year investigation into whether Apple’s (AAPL.O) tax deal with Irish authorities gave the iPhone maker an unfair advantage will take a lot longer because of the large amount of data involved, the EU antitrust chief said on Monday. ...
EU and India give new momentum to strategic partnership
April 5th, 2016
The European Union and India held their 13th Summit on 30 March in Brussels, and took steps to deepen their political and economic cooperation. International security, migration, trade and sustainable development were top of the agenda. European Commission President, ...
Greece’s Euro Future May Be Back in Play If Rescue Talks Drag On
April 4th, 2016
Creditors resume talks in Athens on bailout program review Pensions, tax policy remain obstacles, EU officials say Greece could again face the threat of being pushed into default and out of the euro if its current bailout review drags ...
Time for deal with Greece’s creditors is running short
March 31st, 2016
The government is striving to find common ground with the country’s creditors on measures worth 3 percent of Greece’s gross domestic product, or 5.4 billion euros, before the Eurogroup meeting on April 22, so as to have completed its ...
While global response to BEPS is cautious, Europe is increasingly leading the drive toward implementation
March 29th, 2016
Despite recent moves to formalize global tax reform, many jurisdictions are in fact reducing corporate income tax burden and rates While Europe leads BEPS implementation, most jurisdictions are yet to respond 69% cite new transparency requirements as key implementation ...
Greece Economic Crisis Enters Year 9
March 28th, 2016
Greece’s fledgling economy fell back into recession in the fourth quarter of 2015, as the combination of sky-high unemployment, weak inflation and a shaky financial sector ended a turbulent year defined by political crisis and uncertainty. Gross domestic product ...
ESMA to cooperate with South Korean Regulators on Central Counterparties (CCPs)
March 24th, 2016
The European Securities and Markets Authority (ESMA) has established a Memorandum of Understanding (MoUs) under the European Markets Infrastructure Regulation (EMIR) with the South Korean Financial Services Commission (FSC) and the Financial Supervisory Service (FSS) respectively. The MoU establishes ...
Sachs probed in alleged Treasury rigging
March 21st, 2016
Washington’s probe into the alleged rigging of the $13 trillion US Treasurys market by Wall Street banks has narrowed its focus to a handful of firms — including Goldman Sachs, The Post has learned. In addition, European authorities have ...
