News by tag: EU Commission

26.01.2018

Switzerland-EU agreement may appear a big question

It is politically impossible for neutral Switzerland to sign in the foreseeable future a new treaty binding it closer to the European Union despite pressure from Brussels, Finance Minister Ueli Maurer said in a newspaper interview. Maurer told the Neue Zürcher Zeitung newspaper on Friday that he didn’t think a new EU framework treaty was possible soon. “If we try it nonetheless, both sides will be under pressure and this will not lead to good negotiating results,” he said.

 
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24.01.2018

Tax haven: EU removed eight countries from blacklist

The Council of the European Union announced Tuesday that the EU has amended its blacklist of jurisdictions that it deems uncooperative in tax matters, removing eight jurisdictions from that list. EU finance ministers removed eight 'entities' - countries and territories - from the tax havens blacklist, while ruling out more transparency or sanctions.

 
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17.01.2018

Plastic waste: EU declares war without imposing tax

In just over a decade, every single piece of packaging used across Europe could be reusable or recyclable. That's the new plan set out by the European Union, to cleanse the environment of plastic waste while also driving growth and innovation.

 
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16.01.2018

EU to remove Panama, 7 others from tax haven blacklist

European Union officials have proposed removing eight jurisdictions from the blacklist of tax havens the bloc adopted in December, in what critics may see as a blow to its campaign against tax avoidance. EU states decided last month to draw up the list in a bid to discourage the most aggressive tax dodging practices.

 
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21.12.2017

Uber is a transportation service, EU top court ruled

The European Union’s top court has ruled that Uber should be regulated like a transportation service. That means the ride-sharing service must comply with tough rules that govern traditional taxi associations. Uber had argued that it’s a technology platform that connects independent drivers with passengers. The landmark ruling will require Uber to treat its drivers more like employees. The decision cannot be appealed.

 
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18.12.2017

EU Commission to launch tax investigation over IKEA

An investigation by Brussels is to be launched today into Ikea’s Dutch tax arrangements. The Financial Times is reporting that Margrethe Vestager, the EU’s competition commissioner, will today announce an official probe into Ikea’s tax arrangements in the Netherlands, which according to a report published by the Green Party in the European Parliament, allegedly have helped Ikea avoid nearly €1bn in EU taxes between 2009 to 2014.

 
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07.12.2017

Brexit deadline for UK and Prime Minister May

The EU has declared there is still "no white smoke" over a Brexit deal and handed Theresa May a 72-hour deadline to make an acceptable offer. Michel Barnier has informed EU member states that Britain has just 48 hours to agree on a potential deal on the first phase of Brexit talks for talks to move onto trade and transition before 2018.

 
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05.12.2017

EU creates blacklists tax havens, Switzerland in the grey list

The EU has named and shamed 17 states in publishing the bloc’s first ever tax haven blacklist and put a further 47 states on notice, including four British overseas territories and crown dependencies. The decision was made at a meeting of finance ministers in Brussels as EU authorities move to counter tax avoidance and evasion - having urged dozens of nations to make greater commitments to transparency over the past year.

 
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05.12.2017

Apple closed the deal to pay Ireland over $15 billion in back taxes

Apple on MOnday reached an agreement with the European Union to begin depositing the €13 billion ($15.4 billion) in back taxes it was ordered to pay Ireland last year, following the landmark decision to crackdown on tax shelter policies and profit offshoring, according to The Wall Street Journal.

 
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07.11.2017

Paradise Papers: EU is going to discuss tax havens blacklist

European Union states will on Tuesday bring forward a discussion on plans for a tax havens' blacklists after newly leaked documents revealed investments by wealthy individuals and institutions around the globe, officials said. The subject's inclusion on the monthly meeting's agenda of EU finance ministers came after weekend media reports citing the "Paradise Papers", a trove of financial documents leaked mostly from Appleby, a prominent offshore law firm. EU finance ministers meeting for regular talks in Brussels will discuss tax avoidance on Tuesday after a trove of leaked documents exposed the great lengths to which the global elite will go to avert paying a fair tax.

 
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