Chapter News

Citizens should get access to data on firm owners to fight money laundering

EU citizens could access registers of beneficial owners of companies without having to demonstrate a “legitimate interest,” and trusts would have to meet the same transparency requirements as firms, under amendments, agreed by MEPs on Tuesday, to the EU Anti-Money Laundering Directive. The amendments, agreed by the Economic and Monetary Affairs and Civil Liberties committees, would plug gaps in the EU’s framework legislation against money laundering and terrorism financing.  They would also introduce stricter transparency rules to prevent tax evasion....

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Chapter News, Trade & TTIP Related

High Fences Do Not Make Good Neighbors: It is the Economy, My Friends

When Christopher Columbus sailed the ocean blue in 1492, Western Europe accounted for about 20% of gross world product. Five centuries later, it is still around 20-25% of world GDP, but its North American daughter has surged to another 25%. The “West”, as we loosely call it, has thus 10% of the world’s population and almost 50% of its economic wealth, quite an achievement from the abject poverty of serfdom Europe and tribal North America. The common ties between...

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Chapter News

Trade agreements boost EU agri-food sector

Trade agreements can help increase sales and support jobs in the EU agri-food sector, a new study shows. Trade agreements have helped to boost EU agricultural exports and have supported jobs in the agri-food sector and other sectors of the economy, according to a new independent study carried out on behalf of the European Commission. Trade agreements with three countries – Mexico, South Korea and Switzerland – were studied in detail. Commissioner for Agriculture and Rural Development, Phil Hogan said: "These...

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Chapter News

Future of the EU: The European Parliament sets out its vision

  Is the EU still fit for purpose in its current form? With no shortage of challenges facing us the European Parliament has looked into how the EU can be improved. On 16 February MEPs adopted three reports setting out how they believe the EU needs to be reformed in order to boost its capacity to act, restore people’s trust and make the economy more resilient. The report by Guy Verhofstadt (ALDE, Belgium) considers what treaty changes might be needed for...

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Chapter News

Winter challenge: how many European capitals can you recognise?

  How well do you know Europe? Find out by taking part in our winter challenge! See how many European capitals you can identify correctly. To enter the challenge, simply click on the image above.  You will be presented with a picture of a European capital. Choose the correct city it represents. You have three guesses per picture. Good luck! Compliments of the European Parliament

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Chapter News

National progress on economic & social priorities reviewed

The Commission published today its annual analysis of the economic and social situation in Member States European Semester Winter Package Over the past twelve months, many EU countries have made further progress in addressing their key economic challenges, according to the European Commission's assessment today as part of an annual cycle of economic policy coordination at EU level.  Today's review follows the economic forecasts released last week. The 27 Country Reports provide the annual analysis by the Commission of Member States'...

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Member News

Update on Property Tax Issues: IPTI March 2017

The EACC, in partnership with the International Property Tax Institute (IPTI), wants to keep members up to date with the latest developments in property taxes both in the USA and Europe. IPTI has put together a selection of brief reports from articles contained in IPTI Xtracts. As far as Europe is concerned, this month’s report focuses on the United Kingdom as media coverage has intensified ahead of the UK Government’s Budget on 8th March and the revaluation of business rates...

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Member News

U.S. Supreme Court Limits Patent Law’s Reach over Extraterritorial Infringement Liability

Today, in Life Technologies Corp. v. Promega Corp.,1 the U.S. Supreme Court unanimously held that supply of a single component of a multicomponent invention for manufacture abroad does not give rise to liability under 35 U.S.C. § 271(f)(1). Chief Justice Roberts did not take part in the decision. Justice Alito, joined by Justice Thomas, filed a concurring opinion. General Background The Court's opinion arises from respondent Promega Corporation's suit alleging infringement by petitioner Life Technologies Corporation of a patent that claims...

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Chapter News, Trade & TTIP Related

EU Economic Outlook 2017

The European Commission today publishes its annual analysis of the economic and social situation in the Member States, including an assessment of remaining imbalances. It also publishes a report on the implementation of the Fiscal Compact, a report analysing the debt situation in Italy and a report, together with a proposal to the Council for a fine, on a case of misrepresentation of statistics in Austria. Member States are making headway in implementing the individual policy guidance they received last year...

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Member News

ECOFIN agreed on amendments to the ATAD regarding hybrid mismatches with third countries

On 21 February 2017, the Economic and Financial Affairs Council of the European Union agreed on a new proposal for a Council Directive (ATAD II) amending the so-called Anti-Tax Avoidance Directive (Directive (EU) 2016/1164 laying down rules against tax avoidance practices that directly affect the functioning of the internal market - ATAD). The main changes consist in the extension of the scope of the provisions on hybrid mismatches from European Union (EU) Member States (MS) to third countries in order...

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