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EU and UK flags © EU
On 23 June 2016 citizens of the United Kingdom (UK) voted to leave the European Union (EU).

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Pierre Moscovic © EU
25/10/2016 - Business, taxation and competition / Economy and the euro

The Commission has today announced plans to overhaul the way in which companies are taxed in the Single Market, delivering a growth-friendly and fair corporate tax system. 

Jyrki Katainen © EU
19/10/2016 - Business, taxation and competition / Economy and the euro

The Commission called upon Member States to support its efforts to provide the European Union with updated, strengthened and more robust trade defence instruments. 

European Court of Auditors building © EU
13/10/2016 - Economy and the euro / Institutional affairs / Justice and citizens’ rights

The European Court of Auditors gave the EU annual accounts a clean bill of health for the 9th year in a row. The Court found that, in particular in cohesion policy and agriculture, the overall estimated level of error for payments has further declined from 4.4% in 2014 to 3.8% in 2015.

Mr Valdis Dombrovskis and Mr Peter Kazimir © EU
11/10/2016 - Economy and the euro / Consumer affairs and public health

The Council adopted conclusions on climate change ahead of the 22nd conference of the parties (COP22) to the UN framework convention on climate change, to be held in Marrakesh from 7 to 18 November 2016. 

10/10/2016 - Economy and the euro
Elzbieta Bienkowska and Peter Ziga © EU
29/09/2016 - Business, taxation and competition / Economy and the euro

Ministers discussed the collaborative economy. The debate showed considerable encouragement for a balanced development of the collaborative economy in Europe to the benefit of consumers and businesses alike. 

Slim Kallas and Corina Creţu © EU
27/09/2016 - Business, taxation and competition / Economy and the euro

In line with the initiative "EU budget focused on results" and with the efforts for Better Regulation, today the Commission is taking stock of the work conducted by the High Level Group on Simplification for the beneficiaries of the European Structural and Investment Funds (ESI Funds).

Counterfeit goods seized in Genoa, Italy © EU
23/09/2016 - Business, taxation and competition / Economy and the euro

Customs authorities across the EU seized an estimated five million more counterfeit items in 2015 than the previous year, according to new figures released today by the European Commission.

Euro symbol with euro coins and bills in the background © EU
15/09/2016 - Economy and the euro

The European Commission is forging ahead with work to draw up a first common EU list of non-cooperative tax jurisdictions by presenting a pre-assessment ('scoreboard of indicators') of all third countries according to key indicators.

Calculator and 50 euro note © EU
06/09/2016 - Business, taxation and competition / Economy and the euro

A staggering €159.5 billion in Value Added Tax (VAT) revenues were lost across the EU in 2014 according to figures released by the European Commission today.

Vĕra Jourová © EU
05/09/2016 - Business, taxation and competition / Economy and the euro / Consumer affairs and public health

The European Commission published its 2016 Consumer Markets Scoreboard which monitors EU consumers' ratings of how 42 goods and services markets work.

Infographik zu den staatliche Beihilfen an Apple © EU
30/08/2016 - Economy and the euro

The European Commission has concluded that Ireland granted undue tax benefits of up to €13 billion to Apple. This is illegal under EU state aid rules, because it allowed Apple to pay substantially less tax than other businesses. Ireland must now recover the illegal aid.

pen on graph © EU
18/08/2016 - Economy and the euro / Statistics

Euro area annual inflation was 0.2% in July 2016, up from 0.1% in June. In July 2015 the rate was 0.2%. European Union annual inflation was also 0.2% in July 2016, up from 0.1% in June. A year earlier the rate was 0.2%.

19/07/2016 - Business, taxation and competition / Economy and the euro / Transport and travel
Book of Law, gavel and EU emblem © EU
18/07/2016 - Economy and the euro / Justice and citizens’ rights

The European Commission has reiterated its commitment to ensure the effective application of the whole range of European legislation and, in particular, the world's biggest single market of 500 million citizens.

Jonathan Hill © EU
14/07/2016 - Economy and the euro

The European Commission has today proposed amendments to the European Venture Capital Funds (EuVECA) and the European Social Entrepreneurship Funds (EuSEF) regulations, marking another step towards the creation of the Capital Markets Union. 

Graph showing European Innovation Scoreboard 2016 country ranking © EU
14/07/2016 - Business, taxation and competition / Economy and the euro / Research and innovation

The main findings are that EU innovation is catching up with Japan and the US, Sweden is once again the innovation leader, and Latvia has become the fastest growing innovator.

Valdis Dombrovskis and Peter Kazimir © EU
12/07/2016 - Economy and the euro

The Council found that Portugal and Spain had not taken effective action in response to its recommendations on measures to correct their excessive deficits. The Council also adopted new rules addressing corporate tax avoidance practices, following an agreement reached on 21 June 2016. 

01/07/2016 - Economy and the euro / Statistics

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