Germany plans to use public money to support companies which invest in Africa, part of a new "Marshall Plan" with which it hopes to tackle the roots of the refugee crisis that has convulsed European politics since 2015.
European Commission chief Jean-Claude Juncker was alerted in 1997 about the risks of tax breaks his then-government in Luxembourg granted multinationals, according to a document obtained by AFP on Thursday (1 October).
Joaquín Almunia, the Spanish Commissioner in charge of policing the EU's antitrust rules, has denied accusations of a conflict of interest in the handling of an investigation into unfair tax breaks worth billions of euros given to Spanish football clubs, including Real Madrid and Barcelona.
Italian Economy Minister Fabrizio Saccomanni will resign if the fragile coalition government flouts European Union deficit spending limits in favor of tax cuts, he told Corriere della Sera newspaper on Sunday (22 September).
Germany's coalition government yesterday (12 January) gave the green light to a €50 billion economic stimulus package, the largest for sixty years, comprising a mixture of subsidies, tax relief for families and investment in construction.
EU member states have sent their finance ministers to Brussels today (13 November) to discuss a proposal, first tabled by Britain and France in July, to reduce Value Added Tax (VAT) rates on certain environmentally friendly goods.
EU Tax Commissioner Laszlo Kovacs has unveiled proposals to simplify tax rules and reduce the number of items that qualify for reduced rates across the 27-nation bloc. But his plans are likely to face opposition from a number of member states which are looking to use VAT cuts to promote family-friendly and job policies.