European Commission

European banks

France, Italy, Belgium may break budget rules, EU to revisit in March

The European Commission will tell France, Italy and Belgium on Friday their 2015 budgets risk breaking EU rules, but it will defer decisions on any action until early March. ... Read More
European banks

EU will give France and Italy more time to implement tough reforms

The EU will give France and Italy until next spring to implement tough reforms, delaying a verdict on national overspending originally set for this week, a European source told ... Read More
EU Commission

Luxembourg’s Tax Rulings Discussed By New EU Commissioner

The European Commission has not yet formed an opinion on two contested tax rulings provided by the Luxembourg Government to multinational companies, and it has yet to formally respond ... Read More
trader image

Stocks close mixed: S&P drops, Dow bumps up

Stocks closed mixed Tuesday as markets struggled from a one-two punch of falling oil prices and renewed fears of a global slowdown. A wait-and-see posture regarding Tuesday’s elections may ... Read More
natural gas

Ukraine and Russia Reach Deal on Natural Gas Supplies

The agreement, under European Union auspices, ends a standoff over payments for gas Ukraine had already consumed, and terms for future deliveries. Russian and Ukrainian officials reached an agreement ... Read More

EU Value-Added Tax Reforms Closing The VAT Gap

The European Commission has published its latest VAT Gap study, which shows that an estimated EUR177bn (USD223.9bn) in value-added tax (VAT) revenues was lost due to non-collection or non-compliance ... Read More
European banks

EU leans on big banks to finance bailout fund

France’s banks will foot the biggest bill for Europe’s banking union, paying up to €2bn more than Germany’s lenders towards a new €55bn bank rescue fund, according to a ... Read More

Britain Urged to Step Back in Feud With E.U.

José Manuel Barroso, the departing president of the European Commission, said Britain’s confrontational stance with European Union states is hurting its chances of winning the policy changes it wants. ... Read More

New Report Charts EU Tax Policy Changes In 2014

The European Commission has published a new report detailing key tax reforms implemented by European Union member states during 2014 and identifies the main policy challenges they are said ... Read More

EU publishes details over Apple’s Irish tax breaks case

European Union antitrust officials published Tuesday details about a decision to open an in-depth investigation into Apple’s tax deals with Ireland that it alleges fall short of international standards. ... Read More
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