EU mulls VAT changes - EUbusiness Week newsletter 718
EUbusiness Week 718 top stories: EU tightening car emission tests to prevent cheating; EU unveils push for non-bank lending to end slump; EU, Russia, Ukraine agree winter gas supply deal; Brussels warns Taiwan over illegal fishing or risk ban; Formula One: Sauber, Force India lodge EU complaints; Romania joining euro in 2019 'no longer feasible'
The Commission has launched a consultation to look at how to simplify
the new EU VAT system for cross-border e-commerce, brought in on 1
January. Based on customer location rather than place of supply, the
system has faced fierce criticism for the extra burdens it imposes on
The consultation will help the Commission with new proposals next year to reduce the administrative burden on businesses arising from different VAT regimes. "We ... have an interest in ensuring that future legislation reflects the reality for businesses across the EU", said Commissioner Moscovici.
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1. EU tightening car emission tests to prevent cheating
The European Union moved to change its diesel car emission tests to
prevent the sort of rigging used by German car giant Volkswagen after
noticing discrepancies in the results, say EU sources.
Volkswagen scandal puts EU lobbying under spotlight
2. EU unveils push for non-bank lending to end slump
The EU's financial services chief unveiled a wide array of measures
Wednesday to encourage non-bank lending across Europe in a bid to reboot
slumping investment that is threatening economic growth.
3. EU, Russia, Ukraine agree winter gas supply deal
Russia has agreed to resume gas supplies to Ukraine over the winter
under a deal with the European Union, capping months of difficult talks
overshadowed by the Ukrainian conflict.
4. Brussels warns Taiwan over illegal fishing or risk ban
The EU on Thursday warned Taiwan and the Comoros they had six months to
take stronger action against illegal fishing or risk an import ban in
the world's single biggest market.
5. 15 EU Member States opt to stay GMO-free
Fifteen EU Member States are seeking to keep genetically modified
organisms out of all or part of their territory, as the deadline for
opting out of new European legislation on GMO crops nears, the
Commission said on Thursday.
6. Formula One: Sauber, Force India lodge EU complaints
Second-tier Formula One teams Sauber and Force India have lodged
official complaints with EU's competition regulators, alleging the
sport's governing body mismanages prize money.
Lacoste: sportswear giant Lacoste has won EU court backing to block a
Polish competitor from snapping up a variant of the crocodile logo it
upheld as the French firm's trademark.
EU failing to protect journalists: rights group
Latest news from the European Court of Justice
EU law firms
Inside the EU Institutions
Brexit: Britain's Thatcher-era finance minister Nigel Lawson is to lead a
campaign by a group within Prime Minister David Cameron's Conservative
party to fight for an exit from the EU.
UKIP's Farage hails united anti-EU campaign
EU imposes sanctions against four Burundians
France announces EUR 4 bn boost in aid
Luxleaks: Commission chief Jean-Claude Juncker was alerted in 1997 about
the risks of tax breaks his then government in Luxembourg granted
multinationals, according to a document on Thursday.
EU, Iran discuss push for peace in Syria
Myanmar: the EU will for the first time deploy observers in Myanmar's
upcoming elections when the opposition led by Aung San Suu Kyi is
expected to make significant gains against the military-dominated
EU says Catalonia vote 'internal' issue for Spain
This week, Budget committee MEPs added funds for migration, jobs, youth to the draft EU budget 2016, and approved EU aid for redundant workers in Germany, Belgium and Italy; civil liberties MEPs debated the situation at Schengen borders in the wake of the reimposition of border controls by some Member States; and nominations for the 2015 Sakharov Prize were presented at a joint meeting of the Foreign Affairs and Development committees and the Human Rights subcommittee.
5-8 Oct: European Parliament plenary session
5 Oct: Eurogroup
6 Oct: Drivers for Blue Growth in the Baltic Sea Region
7 Oct: The future of Schengen: challenges & opportunities
8 Oct: Transport, Telecommunications & Energy Council
8 Oct: Justice and Home Affairs Council
The Week Ahead
Other news on EUbusiness this week
Romania joining euro in 2019 'no longer feasible' 1-Oct
Eurozone falls back into deflation 1-Oct
Europe migrant crisis in spotlight at UN 30-Sep
Brazil's JBS buys European poultry producer 30-Sep
Moody's keeps junk rating for Greece debt 26-Sep
EU probes Staples buyout of Office Depot 25-Sep
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LinksAirBase - the European Air quality dataBase