BRUSSELS, June 17 (Reuters) – The European Commission
re-launched plans on Wednesday to introduce common tax rules for
multinationals, saying that public anger over tax avoidance and
a new approach should win over EU member states that blocked the
idea four years ago.
The Commission, the European Union’s executive, said it
wanted a ‘common consolidated corporate tax base’ (CCCTB) to
prevent “aggressive” tax planning measures such as artificially
shifting profits to the country where rates are lowest.
BRUSSELS (Reuters) – When U.S. trade chief Michael Froman opened talks in 2013 on an EU-U.S. free trade deal he said he was confident it could be reached on “one tank of gas.” Two years later, negotiations have all but stalled.
This was to have been a unique trade deal between open, developed economies whose high wages meant trade unions did not need to fear job-sapping floods of cheap imports.
BRUSSELS (Reuters) – Greece’s creditors have already made substantial concessions in talks on new funding in exchange for reforms, the European Commission said on Monday, stating its position for the first time to correct a “misrepresentation” of facts by Athens.
Talks between Greece and its creditors broke down on Sunday because Athens did not accept the creditors’ demands for deeper reforms of pensions, value-added tax (VAT) and of its administration, labor markets and industry.
LUXEMBOURG (Reuters) – Luxemburgers vote on Sunday on extending voting rights to foreigners — a move that would not only be unprecedented in Europe but could expand the electorate of the tiny but cosmopolitan grand duchy by as much as 50 percent.
The referendum is backed by liberal Prime Minister Xavier Bettel as part of a modernizing agenda that includes lowering the voting age to 16 from 18 and introducing 10-year term limits for ministers, following the 19-year rule of his conservative predecessor Jean-Claude Juncker, now the EU’s chief executive.
LUXEMBOURG/FRANKFURT, June 4 (Reuters) – A German tax on the
use of nuclear energy does not breach European Union laws,
Europe’s top court said on Thursday, dealing a blow to
utilities’ hopes for a multi-billion euro refund.
Germany’s top three energy groups – E.ON, RWE
and EnBW – have said the tax, of which they
have paid about 5 billion euros ($5.67 billion) – is illegal and
favours other electricity sources, demanding the tax be repaid.
BRUSSELS, May 28 (Reuters) – European steel association
Eurofer filed a formal complaint on Thursday at the European
Commission against what it said was illegal state aid for
Italian steelmaker Ilva.
Eurofer said that about 2 billion euros ($2.2 billion)
allocated to Ilva by the Italian authorities is not compatible
with European Union regulations.
STOCKHOLM (Reuters) – Lennart Johansson, former president of European football’s governing body UEFA, says the decision to award the World Cup to Russia and Qatar must now be reviewed in the light of the latest corruption allegations.
Johansson, who lost the 1998 FIFA presidential election to Sepp Blatter, would like to see the 2018 finals played in England instead of Russia, with a new process also to choose the host of the 2022 tournament, currently set for Qatar.
BRUSSELS, May 21 (Reuters) – Ghent ended their 115-year wait for the Belgian league title on Thursday with a 2-0 victory over Standard Liege that secured a place in next season’s Champions League.
The club, nicknamed the Buffalos, reached the quarter-finals of the UEFA Cup in 1992 and have won three Belgian Cups, but never the league.
BRUSSELS, May 20 (Reuters) – KAA Ghent are a victory away from winning their first Belgian championship and in doing so will break the 17-year stranglehold of the league’s traditional top four.
Ghent, who have won three Belgian Cups and reached the quarter-finals of the UEFA Cup in 1992, are bearing the fruit of a move two years ago to Belgium’s newest stadium and an overhaul of coaches and players at the start of the season.
BRUSSELS (Reuters) – The European Commission plans legislation by the end of the year that would oblige EU nations to share the burden of housing immigrants, with binding quotas based on criteria such as economic health and population.
The EU executive will ask member states by the end of this month to back an emergency relocation of refugees who have already arrived.