The European Commission is today proposing to make cross-border payments in euro cheaper across the entire EU. Under current rules, there is no difference for euro area residents or businesses if they carry out euro transactions in their own country or with another euro area Member State. Today's proposal aims to extend this benefit to people and businesses in non-euro countries. This will allow all consumers and businesses to fully reap the benefits of the Single Market when they send...

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by Rich Jeanneret, Vice Chair, Northeast Region Managing Partner, EY A media outlet recently reached out to hear my thoughts on the new US tax policy’s impact on the world’s economy. As I prepared for the interview, I turned to data and recent discussions I’ve had with many Fortune 500 senior executives to validate the thesis that has been formulating in my mind since tax reform became a reality. Across the globe in the past couple of years, we have been witnessing uneven...

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  By the EACC Network  (Amsterdam, Brussels, Carolinas, Cincinnati, Lyon, New York, Paris, Princeton, Rome, Toulouse)   “I look around my house, and everything but the kids and dog was made in China” (P.J. O’ Rourke)   The big picture of the world economy today is fairly straightforward. With Japan fading away and India still sputtering, three blocs jump out: the US, Europe and China. The US and Europe together represent, roughly in equal parts, 10% of world population, 50% of GDP and 30% of...

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By Antonio de Lecea 14 March 2018 Some in the West argue that the emerging countries have prospered from globalisation at the expense of low- and middle-income classes in advanced countries by abusing open trade. Others in the East counter that the problem is the unfair distribution in Western countries of the benefits derived from global integration. This column argues that Europe's stance on globalisation – a combination of enforcement of a level playing field at home and abroad and a...

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The Regulatory Scrutiny Board (RSB) is pleased to announce the publication of its Annual Report 2017. The Board’s working methods are by now well established. After two full years of experience, the 2017 annual report reflects on a variety of new and enhanced practices – a new range of opinions, broader application of the 'Evaluate first' principle, more comprehensive consideration of the public consultations, mandatory quantification of costs and benefits. New tools include a monitoring system to track quality improvements following Board interactions.  This system allows...

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Fair taxation of the digital economy On 21 March 2018, the European Commission proposed new rules to ensure that digital business activities are taxed in a fair and growth-friendly way in the EU. Proposal for a COUNCIL DIRECTIVE laying down rules relating to the corporate taxation of a significant digital presence.Search for available translations of the preceding link Annexes to the ProposalSearch for available translations of the preceding link Impact AssessmentSearch for available translations of the preceding link Resume of...

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The EU in 2017 Find out everything you need to know about the European Union’s achievements in 2017, the 60th anniversary of the founding Treaties of Rome. The General Report brings you up to date on how the EU is delivering on its 10 priorities, including action to boost jobs and the economy and the trade deals with Canada and Japan. Learn too about how the EU is tackling the challenge of migration and about major new cooperation on defence and security....

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