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EU Clamps Down on Parent-Subsidiary Tax Avoidance
February 11, 2015
The Council of the EU has adopted a directive amending previous EU legislation seeking to avoid double taxation of a European parent company and its subsidiary to exempt "artificial" situations in which authorities determine the parent-subsidiary arrangement was merely maintained for the tax advantage.
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EU Parliament Declines Inquiry on Luxembourg Tax Breaks
February 11, 2015
Reuters reports that the European Parliament has declined to formally investigate Luxembourg's alleged corporate tax breaks when current EU Commission President Jean-Claude Juncker was the country's Prime Minister, in favor of setting up a general committee to review "tax fairness" across the bloc.
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CoE Seeks Enforcement of "Social Rights"
February 11, 2015
The Council of Europe ("CoE") has announced that it is following up on the launch by CoE Secretary General Thorbjørn Jagland of the "Turin Process," to "fill the gap" between civil and political rights and social and economic rights, with a formal conference on the protection of European social rights in February.
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EU Seeks Integration of Capital Markets
February 04, 2015
Reuters reports that a paper to be published by the European Commission in February 2015 will propose an integrated EU "capital markets union" that will be overseen by the bloc's financial bodies.
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EU Retains Proposal on Emissions Limits
February 04, 2015
Following backlash by Members of the European Parliament when the European Commission sought to remove a proposal for a directive setting a "national emissions ceiling" from its agenda, the Commission placed the proposal back on the table.
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