The European Commission’s demand for Apple to pay back a record 13 billion euros in back taxes in Ireland has triggered warnings that it could damage transatlantic economic ties. Others in Washington, however, used the case to call for an international tax system to ensure revenues are paid where they are due.
Spain's caretaker Prime Minister Mariano Rajoy yesterday (30 August) urged lawmakers to back him for a second term, arguing ahead of a confidence vote which he appears set to lose that the country "urgently" needs a government.
The European Commission today (30 August) hit Apple with a €13 billion clawback of unpaid taxes in Ireland, but Dublin branded the move a violation of its sovereignty and both the country and the US tech giant immediately said they would appeal the decision.
If the Goldman Sachs appointment of ex-European Commission president Barroso does not push the Commission to crack down on the ever turning revolving door, nothing will, writes Vicky Cann on behalf of ALTER-EU.
Global ratings agency Moody's warned Thursday (25 August) that an escalating constitutional crisis in Poland is threatening to hurt investment in the EU's largest eastern economy and could affect its credit rating.
At a meeting of socialist leaders yesterday (25 August), French President François Hollande pleaded against the rise of populism. He also announced his participation in another summit of the EU’s southern countries in Athens, on 9 September. EurActiv France reports.
European Union member Romania said Wednesday (24 August) it has paid the first tranche of a multi-million-euro loan to neighbouring Moldova, in a bid to prevent the ex-Soviet nation from economic collapse and help it maintain a pro-European course.
The leaders of Italy, France and Germany insisted Monday (22 August) that Britain's shock decision to quit the European Union would not kill the bloc. Merkel suggested she could be flexible over EU budget rules, as Rome grapples to kickstart its stalling economy.
French, German and Italian leaders are meeting today (22 August) on the island of Ventotene near Naples, opening a series of marathon diplomatic talks on the future of Europe. The Franco-German couple hopes to revive the EU project with a new political roadmap, EurActiv.com has learned.
Whilst EU leaders and policymakers have struggled to maintain the security of the EU’s external physical border, the financial border is wide open to all. At a time of focus on the funding of EU extremism from third countries this is a worrying weakness, writes Tom Keatinge.
Spain's acting prime minister Mariano Rajoy, bidding to end an eight-month political stalemate, said yesterday (18 August) he was ready to face a confidence vote on forming a new government after agreeing terms for a pact with centrist rivals.
A German politician said on Thursday (18 August) he was trying to persuade foreign banks to make Frankfurt their home after Britain's vote to leave the European Union, and outlined how Europe's biggest economy wants to bolster its financial capital at London's expense.
Italian Prime Minister Matteo Renzi will meet with German Chancellor Angela Merkel and French President François Hollande on an Italian island on Monday (22 August) to discuss the EU's way forward after Britain's shock vote to quit the bloc.
Britain set out plans on Wednesday (17 August) to punish financial advisers who tell their clients how to avoid paying tax, including hefty fines designed to target what it called the "supply chain of tax avoidance".
Italian Prime Minister Matteo Renzi said on Tuesday (9 August) it had been a mistake to personalise a referendum, due to be held later this year, in which he originally promised to resign if he failed to convince voters to support the need for constitutional change.