Tag: Taxation

EU leaders committed to seek a broad global agreement to share data on foreign depositors to stymie tax-shirking companies and individuals at a summit in Brussels yesterday (22 May). Austria lifted its opposition in principle but support could fade should efforts to strike a similar deal with Switzerland fail.

EU leaders met on 22 May to discuss how to lower energy prices and improve industrial competitiveness, at a time when other developed countries are rushing to invest in shale gas. Second issue on the agenda was tax evasion, which every year deprives EU governments of roughly €1 trillion.

Beer sold in France is set to see a 120% tax hike.  The secretary-general of the Brewers of Europe says the move threatens thousands of French bars, and will have a knock-on effect for brewers across Europe.

EXCLUSIVE: European tax havens could face sanctions including blacklisting when the European Commission issues clampdown measures later this year, Taxation Commissioner Algirdas Šemeta has told EurActiv in an interview.

Moves by Scotland and England to impose minimum prices on alcohol are set for legal challenge if introduced, industry sources have told EurActiv.

A majority of Europeans would be happy to pay higher taxes for more driving, claims a study commissioned by the European Commission's transport department and published in March. EurActiv France reports.

The European Commission is embarking in a general review of the VAT system, which represents a key source of revenue for member states and the EU institutions.

The EU plans to boost cross-border venture capital investment by preventing double taxation for funds working in more than one European country.