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Official Warns EU on "Unfairly" Targeting US Companies
February 03, 2016
The Guardian reports that US Treasury official Robert Stack has voiced concerns that EU competition authorities are unfairly and disproportionately targeting US companies in their drive to recoup taxes they say should have been paid to EU member states.
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Bank Analysis: UK Would Be "Safe Haven" After EU Exit
February 03, 2016
Countering warnings from some politicians and business leaders that a British exit from the EU would lead to the flight of corporations and finance from the UK, analysis from the bank Barclays argues that such an exit could eventually trigger the disintegration of the EU and ramp up investment in relatively safe Britain.
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Vestager: EU Could Investigate UK-Google Tax Deal
February 03, 2016
According to The Independent, European Commissioner on competition Margrethe Vestager has indicated that her office may investigate a settlement between internet company Google and UK authorities on tax payments to determine if the deal amounted to illegal state aid under EU legislation.
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EU Proposes "Definitive" VAT Regime
February 03, 2016
While he downplayed comments that some interpreted as signaling a review of "zero rate" value added tax ("VAT") for certain products, including food and books, in the UK, European Commissioner for economics Pierre Moscovici announced that the Commission will seek to establish a "definitive" VAT regime across the EU.
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EU Issues Reports on Bulgarian, Romanian Judiciary
February 03, 2016
The European Commission has issued reports under the terms of its Cooperation and Verification Mechanism monitoring the effectiveness of measures seeking to counter corruption and to encourage the independence of the judiciary in Romania and Bulgaria.
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