Finance & Trade

  • European Auditors Call for Strengthening of Legal Requirements for National Budgetary Frameworks

    December 10, 2019

    A recent report of the European Court of Auditors concludes that the European Union needs to strengthen and better monitor its legal requirements for national budgetary frameworks, highlighting the inconsistency between the European Commission's and independent bodies' assessment of member states' compliance with EU fiscal rules.

  • EU Antitrust Regulators Investigate Google Data Collection Practices

    December 04, 2019

    In addition to imposing records fines in recent years, EU antitrust regulators are investigating Google's collection of data, focusing on how dominant tech companies use and monetize data.

  • European Commission Refers Poland to ECJ

    December 04, 2019

    The European Commission is referring Poland to the Court of Justice for allowing energy intensive businesses to be exempted from excise duty on coal and gas.

  • EU Commission President-Elect Signals Increased Regulation of Digital World

    November 12, 2019

    In a speech honoring Shoshana Zuboff, author of the book The Age of Surveillance Capitalism, European Commission President-elect, Ursula von der Leyen, explained that Europeans need to shape their own approach to regulating the digital world, building on measures such as the so-called right to be forgotten and data protection regulations like the General Data Protection Regulation (“GDPR”) to balance the power of government and market, while prioritizing the individual.

  • OECD Releases Guidance to Promote Tax Haven-Country Information Exchanges

    November 06, 2019

    The Organization for Economic Cooperation and Development ("OECD") has released guidance for low-tax countries on standards for exchanging information with other countries to meet 2018 reporting standards.

  • EU Auditor Report Evidences Lack of Adequate Controls Over Monitoring Payments

    October 08, 2019

    The European Court of Auditors, which is responsible for assessing the annual 155 billion euro European Union budget, has reported that more than 4 billion euros ($4.3 billion) of European Union funds were misspent last year.

  • WTO Green Lights US Tariffs on $7.5 Billion of European Goods

    October 02, 2019

    The World Trade Organization has backed a U.S. request to impose tariffs on $7.5 billion of European goods as compensation for illegal subsidies granted to airplane manufacturer Airbus by the governments of Germany, France, Spain, and the United Kingdom.

  • EU Court Rules in Starbucks' Favor

    September 25, 2019

    A European Union General Court has ruled that a deal between Starbucks and Dutch officials, which allowed Starbucks to pay less tax, does not amount to illegal state aid.

  • German Finance Minister Proposes EU Air Travel Ticket Tax

    September 16, 2019

    Although it was a proposed climate-change tax on fuel that triggered violent anti-government "yellow vest" demonstrations in France, to fight climate change, Germany's Finance Minister, Olaf Scholz, is proposing that governments introduce an EU ticket tax on flights and encourage more train travel.

  • European Environment Agency Warns of Climate Change Impacts on Crops and Cows

    September 04, 2019

    According to a new report published by the European Environment Agency, due to the impacts of climate change, crop and livestock production is projected to decrease or may have to be abandoned in parts of Europe's southern and Mediterranean regions.

Total Records: 463
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