Janos Ammann

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Economy & Jobs 22-10-2021

National digital taxes and US sanctions to be withdrawn after OECD tax deal

A group of European countries agreed with the United States on Thursday to withdraw their digital taxes. The move by Austria, France, Italy, Spain, and the United Kingdom follows an international tax deal agreed earlier this month that aims to allocate parts of the profits from highly profitable, big corporations to countries in which revenue is generated.
Economy & Jobs 22-10-2021

Can the AI regulation save workers from surveillance capitalism?

As algorithms continue to have an ever more crucial role in the workplace, lawmakers are concerned over their influence on workers' rights and wellbeing. A risk-based approach to Artificial Intelligence regulation tries to tackle this challenge, but is it enough?
Economy & Jobs 20-10-2021

Hedge fund billionaire calls for higher capital requirements for fossil fuel financing

Days before the Commission is expected to publish its proposal to change capital requirements rules, billionaire hedge fund manager Chris Hohn called for a stricter treatment of fossil fuel investments in banks’ balance sheets. His call is supported by activists and experts who fear the effects of climate change on financial stability
Economic governance 20-10-2021

Brussels relaunches EU fiscal reform, aims to boost green investments

The European Commission on Tuesday (19 October) took another step towards reforming the EU’s much-discussed fiscal rules, including the bloc's strict debt and deficit limits enshrined in the Stability and Growth Pact.
Economy & Jobs 19-10-2021

Chinese business chief wants climate dialogue instead of CBAM

China wants more dialogue with Europe on climate measures, according to the chairman of the Chinese Chamber of Commerce to the EU, who also detailed China's new data security law, which he said was the equivalent of the EU's data protection rules.
Economy & Jobs 18-10-2021

‘It will never work!’ Outgoing Eurochambres president criticises EU emission targets

In an interview with EURACTIV, the outgoing president of Eurochambres, an association of European chambers of commerce, has criticised the EU’s environmental policy and called for more trade "with all parts of the world", including China and Russia.
Economic governance 17-10-2021

Architect of EU fiscal rules calls for reform

Ahead of a new push by the European Commission to reform the EU's fiscal rules, the chief of the bloc's bailout fund, Klaus Regling pointed out the danger of sticking to rules that have become “economically nonsensical”.
Economic governance 14-10-2021

EU directive on minimum corporate tax expected before end of year

Days after 136 countries agreed on an international tax deal, a European Commission official announced that a directive to implement the corporate minimum tax rate might be forthcoming before the end of the year.
Economy & Jobs 13-10-2021

South Korean trade minister calls for closer ties with the EU

Ten years after the free trade agreement between the EU and South Korea was signed, South Korean trade minister Yeo seeks to modernize it by including investment protection and new technologies.
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Economy & Jobs 13-10-2021

EU launches world’s largest green bond issuance to date

The European Commission on Tuesday (12 Octobre) issued €12 billion worth of green bonds on financial markets to finance the green parts of its €800 billion coronavirus recovery fund. This represents the world’s largest green bond issuance to date.
Economic governance 08-10-2021

136 countries agree on international tax reform

More than 100 countries agreed on Friday (8 October) a reform of the international tax regime intended to make it fit for the digital age and respond to longstanding concerns about corporate tax evasion.
Economic governance 07-10-2021

EU Parliament criticises member states’ inaction in debate on Pandora Papers

EU lawmakers criticised the bloc's finance ministers on Wednesday afternoon (6 October) for their inaction against tax avoidance, in a debate devoted to the Pandora Papers, the latest leak of financial documents exposing malpractice and tax avoidance by the rich and powerful across the globe.
President of the EU Commission, Ursula von der Leyen. 1651624504
Economy & Jobs 07-10-2021

LEAK: The Commission’s economic policy plans for 2022

A leaked document, seen by EURACTIV, shows which economic and social policies the European Commission plans to pursue in 2022, with a focus on fairer taxation and further integration of EU capital markets.
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Economy & Jobs 05-10-2021

EU finance ministers strike three countries off tax haven blacklist, ignoring Parliament’s calls

Following a new massive leak of financial documents, the so-called Pandora Papers, EU lawmakers called for more action against money laundering and tax evasion and urged the bloc's finance ministers to review the blacklist of global offenders. However, the ministers chose to remove three countries from the list on Tuesday (5 October).
Economic governance 04-10-2021

Draghi on quest to challenge EU rules and grow out of public debt

Italian Prime Minister Mario Draghi unveiled an ambitious Italian budget for 2022-2024 last week, with deficits above the limits set by the Stability and Growth Pact, in what appears to be a bet on a change in the EU’s fiscal rulebook.
Global Europe 29-09-2021

Western Sahara: EU Court annuls trade and fishery deals with Morocco

The General Court of the EU annulled on Wednesday (29 September) two agreements between the EU and Morocco that applied to Western Sahara, a territory occupied by Morocco. The court ruled in favour of the Polisario Front, which had filed...
Digital & Media 29-09-2021

EU and US hold first trade and technology talks amid tensions

The new EU-US Trade and Technology (TTC) is set to hold its first meeting in Pittsburgh on Wednesday (29 September), in the shadow of the submarine dispute between France and Washington, which had put the transatlantic relationship to the test.
Economic governance 28-09-2021

ECB-Lagarde reacts to MEPs’ inflation fears

European Central Bank chief Christine Lagarde told EU lawmakers on Monday that the recent uptick in inflation was likely to be a temporary phenomenon.
Economy & Jobs 23-09-2021

Investments, Climate, Stability: Goals of European Commission’s Solvency II proposal

With a proposal to reform the Solvency II directive, the European Commission aims to make the insurance industry an ally in achieving the Commission's political priorities.
Competition 22-09-2021

Illumina/GRAIL: Testing Vestager’s effort to expand EU merger control

The controversial $7.1 billion acquisition of GRAIL by Illumina is developing into a test of the European Commission’s new guidance on merger control, but also of the EU's competition chief Margrethe Vestager's resolve to expand the bloc's supervision of such mergers.