European Commission


European recognition of FMA oversight of auditors

The European Commission has announced its recognition of the New Zealand audit oversight regime as equivalent to EU standards, permitting NZ-regulated auditors to operate in the European Union. With ... Read More

Apple facing back taxes running into billions over Ireland deal

Irish officials expect European commission to declare the arrangement with Apple unlawful under state aid rules Apple could face back taxes running into billions with the European commissionexpected to rule ... Read More

U.S. Warns Apple Tax Probe in Europe Could Set ‘Undesirable Precedent’

Just weeks before the European Commission is expected to make a decision in its landmark Apple tax probe, the U.S. Treasury department has criticized the Brussels-based body for “threatening international ... Read More

EU Criticizes France’s Inefficient VAT System

The European Commission has released a paper recommending improvements to France’s “inefficient” value-added tax system, including that the country do away with broadly applying reduced VAT rates. The paper ... Read More

Evaluating the EU’s New Definition for Virtual Currencies

The European Commission this week adopted a legislative proposal meant to bring virtual currency exchanges and custodian wallet providers under the scope of the EU’s Anti-Money Laundering Directive. This ... Read More

Before the bell: What you need to know before the US market open

The Brexit rollercoaster is still going full tilt, unbalancing global markets, currencies and politics. Here’s what you need to know before the US open at 2:30pm London time. Major ... Read More
esma regulator

ESMA and CFTC to cooperate to recognised Central Counterparties

The European Securities and Markets Authority (ESMA) and the US Commodity Futures Trading Commission (CFTC) have established a memorandum of understanding (MoU) under the European Market Infrastructure Regulation (EMIR). ... Read More

EU Approves Directive On CbC reporting of tax information

On May 26, 2016, the Council of the European Union approved a Directive on the country-by-country (CbC) reporting of tax information by multinational corporations and automatic exchange of that ... Read More
Caixa Geral de Depósitos (CGD)

Portugal is Europe’s next looming economic disaster

Earlier this week, Spanish newspaper El Pais reported that Portugal’s largest bank, Caixa Geral de Depósitos (CGD), an institution that holds nearly one-third of all deposits in the country, ... Read More

European Commission proposes new e-commerce rules

The European Commission today tabled a package of measures to allow consumers and companies to buy and sell products and services online more easily and confidently across the EU. ... Read More
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