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Europe Daily Bulletin No. 13203

17 June 2023
Contents Publication in full By article 32 / 33
NEWS BRIEFS / Taxation
European Commission to present new withholding tax procedures

16/06/23 (Agence Europe) – At the press conference following the Eurogroup meeting on Thursday 15 June, the European Commissioner for Economic Affairs, Paolo Gentiloni, announced that, on Monday 19 June, he would be presenting a “legislative proposal to make withholding tax procedures simpler and faster”. Initially announced for Wednesday 28 June, this initiative, known as ‘FAST’, is intended to put in place a new common system to avoid double taxation and prevent tax abuse in...

Contents

SECURITY - DEFENCE
NATO: Allies continue to deepen support for Ukraine
ECONOMY - FINANCE - BUSINESS
ECONOMY: reform of Stability Pact, Paris and Berlin stick to their guns
ECONOMY: faced with uncertainties over growth and inflation, IMF calls for tighter fiscal policy in euro area
TAXATION: European ministers disagree on details of VAT initiative for digital age
ECB: European Commission due to unveil proposal for non-programmable and regulated digital euro
FINANCE: EU Council ready to begin negotiations with Parliament on legislation on listing of companies on stock exchange
ESM: continuing deadlock over ratification of reform of euro area’s permanent rescue fund
SECTORAL POLICIES
ENERGY: European energy ministers will attempt to reach a political agreement on proposed reform of electricity market on 19 June
ENERGY: European Commission proposes new rules for energy labelling of phones and tablets
BIODIVERSITY: EU ‘nature restoration’ regulation, draft political agreement to be debated by European ministers on 20 June
ENVIRONMENT/CLIMATE: nature restoration, ambient air quality and CO2 from heavy goods vehicles on agenda of EU Environment Council on 20 June
CLIMATE: at Bonn Conference, European delegation had hoped for “broader understanding of purpose of global stocktake”
CLIMATE: EU must reduce its emissions by 90-95% by 2040, according to European Scientific Advisory Board
AGRICULTURE: European Commission plans legislation favourable to development of new genomic techniques
FISHERIES: final compromise text on reform of fisheries control soon to be ratified by EU Council and European Parliament
FISHERIES: NGOs welcome new Energy Transition Partnership in EU fisheries sector
MIGRATION: EU Council begins work on ‘crisis and force majeure’ regulation
HOME AFFAIRS: drugs are increasingly diverse and available in EU, worries European Monitoring Centre for Drugs and Drug Addiction
COMPETITIVENESS: critical raw materials act, Swedish Presidency of EU Council proposes a new compromise with a view to reaching a political position by end of June
JUSTICE: according to latest evaluation report on joint investigation teams, Eurojust has supported 498 of them between 2019 and 2022
EXTERNAL ACTION
MEXICO: Ursula von der Leyen and Andrés Manuel López Obrador want to finalise modernisation of EU/Mexico global agreement before end of year
WTO: one year after 12th Ministerial Conference, review of work at World Trade Organization
RUSSIA: European Parliament calls for proceedings against two Ukrainian minors to be dropped
SUDAN: European Parliament strongly condemns continuing violence between armed factions in defiance of humanitarian law
NEWS BRIEFS
ANGOLA: European Commission proposes that EU Council officially sign Sustainable Investment Facilitation Agreement with Luanda
COMPETITION: green light from European Commission for acquisition by CACEIS of RBC IS Bank, RBC Channel Islands and part of assets of RBC Investor Services Trust
ECONOMY: euro area inflation confirmed as 6.1% in May
ECONOMY: EU Council approves country-specific socio-economic policy recommendations
ENERGY: Member States’ ambassadors to EU confirm agreement on Renewable Energy Directive
ENVIRONMENT: new public consultation to evaluate effectiveness of EU’s ‘electrical and electronic waste’ directive
EUROGROUP: group of Twenty adopts work programme until March 2024
TAXATION: European Commission to present new withholding tax procedures
TRANSPORT: EU Council adopts agreement with European Parliament on sustainable aviation fuels