Mar 8, 2010
Algirdas Semeta, Taxation Commissioner of the EU, has stated that he wishes to see a carbon tax instated across the entirety of the European Union, and will lead a review to make it happen. The widely debated topic of Carbon Taxation has once again been brought up with the revelation that the European Commission (EC) [...]
Algirdas Semeta, Taxation Commissioner of the EU, has stated that he wishes to see a carbon tax instated across the entirety of the European Union, and will lead a review to make it happen.
The widely debated topic of Carbon Taxation has once again been brought up with the revelation that the European Commission (EC) will soon lead an inquiry about a possible EU-wide implementation of such a measure. In a statement made by Emer Traynor, spokeswoman for Algirdas Semeta, revision of the ... Read More
Jan 27, 2010
Malta, Latvia, Lithuania and Hungary are scheduled to appear in front of the European Union Commission (EC) to determine whether the countries have undertaken enough suitable action to address their ailing financial situations. The meeting which was scheduled for January 27th, is part of the EC Excessive Deficit Procedure, initiated for all four countries when [...]
Malta, Latvia, Lithuania and Hungary are scheduled to appear in front of the European Union Commission (EC) to determine whether the countries have undertaken enough suitable action to address their ailing financial situations.
The meeting which was scheduled for January 27th, is part of the EC Excessive Deficit Procedure, initiated for all four countries when they posted national deficits that were considered to be too large. The procedure is aimed at determining whether each nation has taken adequate efforts to cut public spending ... Read More
Dec 21, 2009
On December 18th, 2009, the European Free Trade Association (EFTA) released the fourth report covering state aid granted in Iceland, Lichtenstein and Norway, for the period between 2004 to the end of the 2008 year. The paper was prepared in co-operation with European Commission and includes comparisons with countries of the EU. A total of [...]
On December 18th, 2009, the European Free Trade Association (EFTA) released the fourth report covering state aid granted in Iceland, Lichtenstein and Norway, for the period between 2004 to the end of the 2008 year. The paper was prepared in co-operation with European Commission and includes comparisons with countries of the EU.
A total of €2,234.88 million was granted in state aid across the three surveyed countries in 2008, indicating an overall increase in grants across the countries. 98.9 percent of this amount ... Read More
Oct 29, 2009
The European Commission (EC) has declared that a tax break available to Spanish companies participating in corporate takeovers is illegal and should be revoked. Following an investigation initiated in 2007, the EC concluded on the 28th of October that tax breaks received by Spanish companies completing corporate takeovers of non-Spanish entities within the European Union, [...]
The European Commission (EC) has declared that a tax break available to Spanish companies participating in corporate takeovers is illegal and should be revoked.
Following an investigation initiated in 2007, the EC concluded on the 28th of October that tax breaks received by Spanish companies completing corporate takeovers of non-Spanish entities within the European Union, are illegal. Instated in 2002, the law allowed Spanish companies to deduct the goodwill element of a takeover transaction. The EC has decided that it will require ... Read More
