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Tax provides textbook case for lobbyists
The first was the relentless but ultimately unsuccessful attempt to overturn the 1992 decision to abolish duty-free shopping within the Union. The second is the ongoing fight by the City of London and...
View ArticleThe making of a classic EU fudge
JUMPING generations in political leadership has obvious advantages. But fresh ideas and new approaches to problems are often overridden by naivete and collective memory loss. So it was with last week’s...
View ArticleSingle EU-US air market could take off
The biggest obstacle facing the two carriers is not agreeing on their respective shareholdings in a combined airline or addressing the European Commission’s competition concerns, but a US threat to...
View ArticleAnti-trust complaint could unravel UK-US aviation pact
Acting on a revised complaint from recently rebranded carrier bmi british midland, European Commission anti-trust officials are pursuing new lines of inquiry against ‘Bermuda II’, a UK-US aviation pact...
View ArticleBA-American dream nearer to take-off
TIMOTHY Doke is in Brussels for two days, but won’t say exactly why. He offers a sketchy account of his itinerary – “a couple of meetings with journalists” – while seeming aware that this does not...
View ArticleMOVERS AND SHAKERS
“I’ve done a decent innings,” Gooch told EN. “This is an opportunity to stand back and reflect on the very challenging experience of being a spokesman.” Gooch will keep his Commission salary during the...
View ArticleEUROPA: Just when you thought there was already far too much EU jargon…
Click the mouse and you get a phrase like “underpin a successful long-term strategy”. Do it again and you get “strengthen an accountable Cardiff process”. Another click: “stimulate an integrated...
View ArticleEUROPA – It’s time Brussels worked like the rest of the world. Let’s pull...
These handy two-page guides are usually in the same format: a semi-readable vertical spreadsheet with lots of meaningful shadings and meaningless abbreviations. What’s more, the ones for the second...
View ArticleTrade disputes
One point he identified for a fresh start is the need to sort out bilateral trade issues. There are currently 14 active disputes between the European Union and the United States before the World Trade...
View ArticleReinsurance rules will ‘drive us offshore’, industry warns
The warning comes as the Dutch presidency prepares to begin dissecting the directive at a meeting of experts in Brussels tomorrow (2 July). Under the law, unveiled earlier this year by Internal Market...
View ArticleDutch tinker with draft reinsurance law
The Netherlands’ proposals, seen by this newspaper, would cut in half the European Commission’s planned ‘solvency requirements’ for the reinsurance of life insurance-related products. However industry...
View ArticleCoR seeks licence to thrill
In need of a special agent? The Committee of the Regions (CoR), starved of attention, is trying to lure the film star Sean Connery to its European summit in Poland in May. Connery is known as a...
View ArticleDoha Round – bridging the gap
The timing is unfortunate. If the Republicans lose their majority in the US Congress in the November mid-term elections there could be serious delays in resuming negotiations. The May 2007 French...
View ArticleTotally wrong about an evil regime
The junta in Rangoon is guilty of every possible human rights violation – from the detention of opposition leader Aung San Suu Kyi and 1,200 political prisoners on to torture, systematic use of rape,...
View ArticleGovernment-bashing in the Slovak media
Honeymoons between newly elected governments and the media are usually short-lived affairs. In the case of Fico though, the honeymoon never happened. If his relations with the writen press had not been...
View ArticleBusiness in brief
VW takeover law Germany on Tuesday (27 May) passed a law aiming to protect car-maker Volkswagen from takeovers. The law gives Lower Saxony a minority blocking position on strategic decisions. The...
View ArticleSlovak resigns as adviser to Greece
A Slovak implicated in a corruption scandal has resigned as a European Commission-appointed privatisation adviser to the Greek government. Anna Bubeníková said today (10 August) that her step would...
View ArticleBritish tax havens take steps to end bank secrecy
George Osborne, the British finance minister, today announced that several of the UK’s overseas territories have agreed to share bank account information with tax authorities of the UK as well as of...
View ArticleDalli gets caught in the Bermuda Triangle
The saga of John Dalli’s resignation from the European Commission is a gift that keeps on giving. Barely three weeks after Malta’s police commissioner said that OLAF, the European Union’s anti-fraud...
View ArticleLuxembourg and Cyprus ranked last in OECD report on tax transparency
Luxembourg and Cyprus do not comply with an international standard on tax transparency, according to a report sponsored by the Organisation for Economic Co-Operation and Development and published...
View ArticleEmbarrassing results for EU in tax transparency report
Luxembourg, Cyprus and Switzerland are among a handful of countries and offshore jurisdictions flouting an international standard on tax transparency, according to a report sponsored by the...
View ArticleJeremy Corbyn: Queen should apologize for offshore investments
Labour leader Jeremy Corbyn said Queen Elizabeth should apologize after her name appeared in the so-called Paradise Papers, a collection of leaked documents linking businesses and individuals to...
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Europe’s new data protection rules export privacy standards worldwide
Europe wants to conquer the world all over again. Only this time, its killer app isn’t steel or gunpowder. It’s an EU legal juggernaut aimed at imposing ever tougher privacy rules on governments and...
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The man behind the global struggle to create digital taxes
He’s no Tom Cruise, but Pascal Saint-Amans is signed up for a Mission Impossible. Amid a stand-off between the United States and France over how to tax companies like Google and Facebook, the Frenchman...
View ArticleBritish Virgin Islands leader pushes back on UK corruption probe
LONDON — The premier of the British Virgin Islands (BVI), Andrew Fahie, is getting his retaliation in first — pushing back against allegations of deep-seated corruption in the Caribbean territory even...
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Russia: We’ve got hundreds of your planes. What you going to do about it?
Doing business in a country without the rule of law can be pretty risky — as aircraft leasing companies are finding out. The companies, many based in Ireland, leased 515 airplanes worth about $10...
View ArticleWashington goes on the global data privacy offensive
Washington’s deadlocked Congress isn’t going to pass federal privacy rules any time soon. But on the global stage, the United States wants to show its allies that it means business — even if that...
View Article‘Nokiagate’ pits Dutch lawmakers against Mark Rutte in transparency debate
Mark Rutte’s old Nokia phone took center stage on Thursday during a parliamentary debate about the Dutch prime minister’s habit of deleting text messages. Rutte acknowledged earlier in the week that...
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British firms quizzed on Chinese tech links as US-style clampdown looms
LONDON — British firms are being asked about their investments in a swathe of “sensitive” Chinese sectors as the U.K. seeks to move closer to Joe Biden’s own clampdown on trade with China. After Biden...
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These Western liquor companies said they stopped doing business in Russia....
Russia invades Ukraine. The West imposes sanctions. And hundreds of foreign firms announce they are pulling out of the Russian market. But, somehow, in a country with a historic predilection for...
View ArticleUS threatens ‘appropriate responses’ after Iran-backed assault on commercial...
The U.S. warned it was considering “all appropriate responses” after Houthi rebels attacked three commercial vessels in the Red Sea on Sunday, ramping up its rhetoric as Iran-backed militants continue...
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