Search Results for: Member States
Schaeuble confirms Germany is a founding member of China-led AIIB bank
March 17th, 2015
Finance Minister Wolfgang Schaeuble said on Tuesday that Germany is going to be a founding member of a new international development bank backed by China along with other European countries. The move to join the Asian Infrastructure Investment Bank (AIIB), following the lead ...
States Lose Patience Over US Internet Sales Tax
November 21st, 2014
The National Conference of State Legislatures (NCSL) has sent a letter to House of Representatives Speaker John Boehner (R – Ohio), expressing its “disappointment and frustration” with his announcement ruling out passage of the Marketplace Fairness Act (MFA) during ...
Eurojust supports international operation against tax evasion through sham contracts
January 26th, 2024
Eurojust has supported the competent authorities in Germany, Estonia, Latvia, Lithuania and Poland in a coordinated action against a group of suspects allegedly involved in tax evasion through sham contracts with foreign subcontractors. During an operation on 10 October, ...
Cyprus government mulling reduced VAT for basic necessities
April 21st, 2023
It is unclear how effective government machinations to reduce the VAT on necessary goods will be, following reports on Wednesday that authorities are looking to completely axe tax on items like bread, milk, and baby food. Commenting on the ...
Rents and house prices in the EU have continued their steady increase
October 12th, 2022
Rents and house prices in the EU have continued their steady increase in the second quarter of 2022, going up by 1.7% and 9.9%, respectively, compared with the second quarter of 2021. This information comes from data on rents ...
Oil rises $2 as dollar eases, market wary of Fed
July 26th, 2022
Oil prices rose about $2 on Monday, bolstered by supply fears, a dip in the U.S. dollar and early strength in equity markets, but prices seesawed as some worried fuel demand could weaken if the Federal Reserve raises U.S. ...
Poland blocks EU directive to implement global corporate tax deal
April 14th, 2022
Poland vetoed on Tuesday (5 April) a compromise proposal for an EU directive that would implement the internationally agreed 15% minimum effective taxation rate for large multinationals. With its veto, the Polish government frustrated the French EU Presidency’s goal ...
Employment up, labour market slack down in Q4 2021
April 14th, 2022
In the EU, the employment rate of people aged 20-64 stood at 74.0% in the fourth quarter of 2021, which represents an increase of 0.5 percentage points (pp) compared with the third quarter of 2021. The labour market slack, ...
European Council reaches agreement on updated rules for VAT rates
December 14th, 2021
The European Council reached agreement on a proposal to update EU rules on rates of value added tax (VAT). The new rules reflect member states’ current needs and the EU’s present policy objectives, which have changed considerably since the ...
Cloud computing used by 42% of enterprises
December 14th, 2021
Enterprises can access computing resources hosted by third parties on the internet instead of building their own IT infrastructure. This pool of resources is most commonly known as ‘cloud computing’. As cloud services are provided online, enterprises must have ...
