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EU Finance Ministers Seek to Close Tax "Loopholes"
July 14, 2014
Finance Ministers from EU member states have agreed to a proposal to reform tax legislation in Europe that has purportedly allowed multinational corporations to use differing national tax policies to lower their overall tax bills.
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EU Demands Amazon Tax Documents from Luxembourg
July 14, 2014
As part of a broader investigation of whether EU member states are engaging in unlawful tax deals to encourage the presence of multinational companies, the European Commission has ordered Luxembourg to hand over documents relating to the tax status of online retailer Amazon.
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Business for Britain Calls for U.K. Supremacy on Finance Rules
July 14, 2014
The U.K. organization Business for Britain has published a letter expressing concern regarding EU measures on the financial sector that erode competitiveness and calling for politicians to ensure that Britain's financial sector "is always fundamentally regulated and controlled by the British people."
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Opinion Finds EU Exemption from Trading Rules Unlawful
July 11, 2014
An opinion from attorneys of the EU Council finds that an EU provision creating an exemption from legislation prohibiting "proprietary trading" by banks was in fact illegal and could not shield countries with their own laws permitting such trading, such as the U.K., from the EU legislation's effect.
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EU Investigates Corporate Tax Deals
June 20, 2014
The European Commission has announced that it has opened an investigation of member states' tax deals with three multinational companies to determine whether these deals violated EU "state aid" rules.
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EU Mango Ban Highlights Regulatory Ambition in Brussels
June 20, 2014
Allie Renison of the Institute of Directors writes that the European Commission's recent ban of mango imports from India until December 2015 emphasizes the knee-jerk, disproportionate reaction to trade issues by the EU, which harms trade between member states and countries outside Europe.
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