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EC Demands UK Recover Millions in Corporate Taxes
April 25, 2019
Reuters reports that the European Commission (EC) recently declared a British tax rule exempting interest income earned by offshore corporate subsidiaries between 2013 and 2018 illegal under EU law, requiring the UK government to collect millions of euros in taxes from several companies.
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EU Council Supports Reinforcement of Border Guards
April 25, 2019
The Council of the EU has agreed to support a standing European Border and Coast Guard force of 10,000 border guards, highlighting the attempts of the EU institutions to persuade governments and voters in the upcoming EU parliamentary elections that it is working to control “irregular migration” into the bloc.
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Lawmaker: UK, EU Can Solve Irish Border Impasse
April 24, 2019
Member of the UK Parliament and Chair of the Treasury Select Committee Nicky Morgan writes that the Irish “backstop” issue, which is at the heart of the conflict over the Prime Minister’s withdrawal agreement with the EU, is soluble if both sides can agree to no new physical infrastructure and to customs checks away from the border.
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French Party Leader Supports EU-UK Talks on Customs Union
April 23, 2019
Politico reports that the lead candidate for the French President’s party for European elections, Nathalie Loiseau, has pointed to a post-Brexit EU-UK permanent customs union, limiting the UK’s ability to negotiate trade deals with other countries, as a compromise option the EU is prepared to discuss with UK negotiators.
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EU Lawmakers Approve Rules to Slow Down Cars
April 23, 2019
The New York Times reports that a committee of the European Parliament has approved EU-wide rules requiring car manufacturers to include speed-limiting and emergency braking technology in all new car models beginning in the year 2022.
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