European finance leaders called for progress on global rules to tax the digital economy at a meeting of G20 finance ministers and central bankers in Argentina on Sunday (22 July), putting them at odds with US counterparts.
The European Commission cut expected EU growth for this year by 0.2% compared to its forecast less than three months ago, as output was weaker than expected during the first semester and external risks, especially the trade war, are on the rise.
The European Commission adopted a set of measures on Wednesday (11 July) to closely monitor Greece's fiscal policy after it concludes an eight-year-long bailout programme on 20 August, closing one of the darkest chapter's in the single currency's short history.
EU Economics Commissioner Pierre Moscovici has warned Greek conservative opposition leader Kyriakos Mitsotakis not to undermine the credibility of Greece's deal with the Eurogroup and the exit of the country from the bailout “for reasons of internal politics”.
Greece’s conservative main opposition party “recommended” to EU Commissioner for Economic and Financial Affairs Pierre Moscovici to be “more careful” in his public speeches when he praises the government and the country’s exit from the bailout.
A spike in unemployment numbers would give EU countries access to €30 billion of soft loans to maintain investment in times of economic turbulences, according to proposals unveiled by the European Commission on Thursday (31 May).
The European Commission on Wednesday (23 May) approved Italy’s efforts to balance its public accounts but asked the new government for a “credible response” in order to further reduce its immense public debt.
The European economy is expected to continue growing at a robust pace, but faces negative spillovers from the fiscal stimulus and trade restrictions adopted by US President Donald Trump, the European Commission warned on Thursday (3 May).
Two years after the Panama Papers scandal revealed the scope of tax haven activities, the EU has adopted new legislation and is now better prepared to tackle tax evasion and fraud. EURACTIV’s partner Euroefe reports.
After half a year of intense debate and bickering between member states, the European Commission proposed on Wednesday (21 March) a new system for taxing digital companies that will charge large firms 3% of their revenue and will hit US tech giants like Google and Facebook.
The OECD warned on Friday (16 March) against the European Commission’s plan to propose a new tax next week targeting digital companies, arguing that it may cause economic distortion and raise business costs.
The European Commission told top digital firms on Wednesday (7 March) that its favourite choice to reform online taxation would be a new method to tax profits rather than revenues, a move the industry welcomed.
European Commission Vice-President Valdis Dombrovskis said on Wednesday (7 March) that he does not intend to amend the regulatory treatment of sovereign debt held by banks following inconclusive discussions at international level.
The race to succeed Jean-Claude Juncker as head of the first post-Brexit European Commission begins later this month – and in typical EU style it is starting with a row about how the race should be run.
The EU Commissioner for Economic Affairs Pierre Moscovici is determined to table a digital tax proposal at EU level, despite warnings from the OECD. In an exclusive interview with EURACTIV, he also warns EU countries for failing to publish the commitments made by tax havens to exit the EU’s ‘black list’.
European Union finance ministers agreed on Tuesday (23 January) to remove eight jurisdictions, including much-criticised Panama, from the bloc’s blacklist of tax havens, one month after the list was set up. The decision prompted an outcry from lawmakers and activists.