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The Council removed 8 jurisdictions from the EU's list of non-cooperative jurisdictions for tax purposes, following commitments made at a high political level to remedy EU concerns.
The European Commission has welcomed the headway made in tackling non-performing loans (NPLs) in the EU as part of ongoing work at the national and EU level to reduce remaining risks in parts of the European banking sector.
The European Commission has proposed new rules to give Member States more flexibility to set Value Added Tax (VAT) rates and to create a better tax environment to help SMEs flourish.
European consumers will be able to reap the full benefits of paying online for goods and services, thanks to new rules that will it make it cheaper, easier and safer to make electronic payments.
The European Court of Justice finds that that intermediation service must be regarded as forming an integral part of an overall service whose main component is a transport service and, accordingly, must be classified not as ‘an information society service’ but as ‘a service in the field of transport’.
The Commission is tabling two legislative proposals to make it easier for companies, especially SMEs, to sell their products across Europe, and to strengthen controls by national authorities and customs officers to prevent unsafe products from being sold to European consumers.
The Commission has concerns that two Dutch tax rulings may have allowed Inter IKEA to pay less tax and given them an unfair advantage over other companies, in breach of EU State aid rules.
The Council approved and published an EU list of non-cooperative jurisdictions in taxation matters, aimed promoting good governance worldwide. The Council also agreed on EU input to discussions at international level on 'digital taxation'.
The Council adopted its position (general approach) on setting up a single digital gateway which will provide online information, procedures, assistance and problem solving services to citizens and companies.
The European Commission has unveiled new tools to make the EU's Value Added Tax (VAT) system more fraud-proof and close loopholes which can lead to large-scale VAT fraud.
The Commission presents measures to ensure that intellectual property rights are well protected, thereby encouraging European companies, in particular SMEs and start-ups, to invest in innovation and creativity.
The Commission has adopted rules that will make electronic payments in shops and online safer. This will also allow consumers to access more convenient, cost-effective and innovative solutions offered by payment providers.
EU27 ministers selected the new seats for the two EU agencies currently based in the UK which need to be relocated in the context of Brexit. Amsterdam (the Netherlands) was selected as the new location for the European Medicines Agency (EMA) and Paris (France) for the European Banking Authority (EBA).
Tougher EU rules to fight dumped and subsidised imports from third countries were voted by MEPs on Wednesday. For the first time worldwide, EU trade rules will require trade partners outside the EU to meet international social and environmental standards, so as to prevent dumping.
The reboot would improve and modernise the system for governments and businesses alike. Overall, over €150 billion of VAT is lost every year, meaning that Member States miss out on revenue that could be used for schools, roads and healthcare.
To strengthen the Single Market and as part of the continuous effort to stimulate investment in the EU, the Commission has put forward an initiative to carry out procurement more efficiently and in a sustainable manner, while making full use of digital technologies to simplify and accelerate procedures.