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Finance and Monetary Affairs in the EU

Latest news on economic and monetary affairs in the European Union.

Pound climbs steadily as week comes to a close - Euro currency news daily 23 June 2017, 12:25 CET
 

EU transparency rules target tax avoidance planners 21 June 2017, 22:31 CET
The EU Commission proposed Wednesday tough new transparency rules for intermediaries - tax advisers, accountants, banks and lawyers - who design and promote tax planning schemes for their clients.

Transparency for intermediaries 21 June 2017, 22:28 CET
On 21st June 2017, the European Commission proposed new transparency rules for intermediaries that design or sell potentially harmful tax schemes. Intermediaries are firms or persons, such as consulting firms, banks, lawyers, tax advisors, accountants, etc. which can help their clients to set up schemes to reduce their tax bills. Most services provided by intermediaries are legitimate. However, recent cases, such as the Panama Papers, exposed the role that some of these intermediaries may play in international tax avoidance and evasion by designing schemes that are specifically set up to help their clients escape taxation.

16th Benelux Infrastructure Forum returns to Amsterdam this November 21 June 2017, 12:55 CET
SMi Reports: Benelux Infrastructure Forum returns to Amsterdam on 22nd -23rd November 2017 to explore new financing mechanisms and alternative markets for future investments.

EU FinTech consultation: put needs of end-users first 14 June 2017, 14:10 CET
Responding to the EU consultation on financial technology, also known as FinTech, the European Banking Federation is submitting a response which underlines its desire to see the creation of a customer-centric and inclusive ecosystem in which all actors, ranging from small start-ups to established multinational banks, are committed to serving clients with innovative financial services.

Proposal to amend the European Market Infrastructure Regulation (EMIR) 13 June 2017, 23:45 CET
The European Commission proposed on 13 June 2017 more robust supervision of central counterparties (CCPs), targeted reforms to further improve the financial stability of the European Union.

EU gives conditional approval to Nordic Capital buy of Intrum Justitia 13 June 2017, 22:51 CET
The EU Commission approved Tuesday the acquisition of Intrum Justitia by Nordic Capital, conditional on the divestment of overlapping debt collection and debt purchasing activities.

Capital Markets Union Mid-Term Review - Invest Europe's response 08 June 2017, 21:06 CET
Invest Europe – the association for European private equity, venture capital, infrastructure and their investors – is issuing the following statement:

Brexit spurs reboot of EU's capital markets union 08 June 2017, 21:00 CET
As Europe faces up to the departure of its biggest financial centre, the European Commission moved Thursday to strengthen its Capital Markets Union project to unlock funding for growth in Europe.

Insurance Europe response to EC Capital Markets Union mid-term review 08 June 2017, 18:27 CET
Following the publication today of the European Commission’s mid-term review of its Capital Markets Union (CMU) project to unlock funding for growth in Europe, Michaela Koller, director general of Insurance Europe, commented:

EU maps out road to deeper Monetary Union 01 June 2017, 01:01 CET
Following on from its White Paper on the Future of Europe earlier this year, the EU Commission set out Wednesday potential options for deepening Europe's Economic and Monetary Union.

New agreement on EU venture capital rules to boost investment in start-ups and innovation 31 May 2017, 12:30 CET
Yesterday evening, the EU institutions reached an agreement on a review of the EU venture capital rules, to boost investment in start-ups and innovation. This review is part of the Capital Markets Union action plan.

EU venture capital boost to help smaller firms 31 May 2017, 01:04 CET
Better access to finance for small and growing companies and social enterprises will be the result of EU rules agreed Tuesday by the European Parliament, the Council and the EU Commission.

Brussels proposes EUR 161 bn EU Budget for 2018 31 May 2017, 00:29 CET
The EU Commission proposed Tuesday a draft EU budget for 2018 of EUR 161 billion with a focus on job creation, especially for young people, and a boost to growth and strategic investments.

New EU rules clamp down on multinationals' tax avoidance 30 May 2017, 00:11 CET
Member States formally adopted new EU rules to prevent tax avoidance via non-EU countries Monday, closing down so-called 'hybrid mismatches' with the tax systems of third countries.

EU agrees system to resolve double taxation disputes 25 May 2017, 23:49 CET
EU finance ministers agreed Tuesday on a new system intended to help resolve disputes which arise between Member States from the interpretation of agreements on the elimination of double taxation.

Spring cheer for Portugal as EU issues country recommendations 22 May 2017, 18:33 CET
The European Commission recommended Monday that the EU's Excessive Deficit Procedures be closed for Portugal and Croatia, as it issued its spring package of country-specific recommendations.

2017 European Semester: Country Specific Recommendations - Commission Recommendations 22 May 2017, 18:02 CET
The European Commission presented on 22 May the 2017 country-specific recommendations (CSRs), spelling out the economic policy guidance for Member States for the coming 12 to 18 months.

EU raises growth forecast for uneven recovery 11 May 2017, 17:30 CET
The EU Commission raised growth prospects for the European economy in its Spring Forecast Thursday, but warned that in its fifth year of growth, recovery in jobs and investment remained uneven.

EU set to lighten burden on derivatives sector 11 May 2017, 00:33 CET
The EU announced reforms to the derivatives sector Thursday, with less burdensome rules to reduce costs and regulatory obligations on market participants without compromising financial stability.

MEPs back lower VAT for e-books 10 May 2017, 15:46 CET
EU citizens could pay less for e-books after plans to allow EU Member States to reduce VAT on e-publications were backed by a European Parliament committee on Wednesday.

Derivatives (EMIR) - Regulation (EU) No 648/2012 04 May 2017, 22:22 CET
Planned actions relating to Regulation (EU) No 648/2012 on OTC derivatives, central counterparties and trade repositories.

MEPs again reject blacklist of states at risk of money laundering 04 May 2017, 15:29 CET
The EU should have an autonomous process for judging whether countries are at high risk of money laundering, MEPs said after again rejecting in committee a country blacklist drawn up by the Commission.

European Pillar of Social Rights website 26 April 2017, 18:17 CET
The European Pillar of Social Rights sets out a number of key principles and rights to support fair and well-functioning labour markets and welfare systems. It will serve as a compass for a renewed process of convergence towards better working and living conditions among participating member states. It is primarily conceived for the euro area, but is applicable to all member states wishing to participate. There are 3 main categories of the pillar: Equal opportunities and access to labour market; Fair working conditions; Social protection and inclusion.

ACEA publishes 2017 Tax Guide 19 April 2017, 14:13 CET
ACEA just published the 2017 edition of its annual Tax Guide, which provides an overview of specific taxes that are levied on motor vehicles in European countries, as well as in other key markets around the world.