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Europe Daily Bulletin No. 11950

31 January 2018
Contents Publication in full By article 14 / 28
ECONOMY - FINANCE - BUSINESS / Taxation
Procedures for avoiding double taxation of cross-border investment are still slow and costly
Brussels, 30/01/2018 (Agence Europe)

Burdensome withholding tax procedures in the case of cross-border investment cost investors €8.4 billion annually, Commission Vice-President Valdis Dombrovskis said on Tuesday 30 January.  He was speaking at a hearing organised by the Commission on the code of conduct for withholding tax.

This amount includes about €6 billion from investors who choose to forego their tax relief due to the costly procedures.  The procedures themselves would cost €1.2 billion.  Finally, there would be...

Contents

SECTORAL POLICIES
ENVIRONMENT: Vella gives nine countries under threat of referral to Court ten days to submit written commitments on air quality
INDUSTRY: Ministers to examine EU industrial policy up to 2030
COHESION: Karl-Heinz Lambertz says attempting to provide definitive and objective definition of subsidiarity is a 'wasted effort'
REGIONS: CPMR meets Barnier to make the case for the territorial dimension in Brexit negotiations
AGRICULTURE: M. Hogan sounds alarm over milk market
JHA: Future Europol Director wants to make agency more responsive to threats to and needs of member states
JUSTICE: SMEs concerned by delayed implementation of General Data Protection Regulation
TRANSPORT: Stakeholders say monitoring respect for rules is essential factor in first mobility package
EXTERNAL ACTION
MERCOSUR: EU offers Mercosur beef import quota of 99,000 tonnes to try and seal agreement
TRADE: Review of EU anti-dumping duties on Turkish, Russian, Korean and Malaysian iron or steel tube and pipe fittings
BELARUS: Hahn and Makei hail EU and Minsk moving closer together
SWITZERLAND: Eleven countries not happy with stock market equivalence treatment for Bern
HUMANITARIAN AID: EU announces €37.5 million for vulnerable populations of Afghanistan, Pakistan and Iran
ECONOMY - FINANCE - BUSINESS
TAXATION: Procedures for avoiding double taxation of cross-border investment are still slow and costly
LAUNDERING: Saga of European black list of high risk countries approaches end
FINANCE: Experts recommend creating sovereign bond-backed securities market
FINANCE: Agreement on finalising Basel III prudential framework upholds promise, says ECB and EBA
ECONOMY: GDP up 0.6% in fourth quarter of 2017 within EU and eurozone
INSTITUTIONAL
BREXIT: Italy may challenge choice of Amsterdam for Medicines Agency
UNITED KINGDOM: UK economy would lose out in every case after Brexit, says internal report
NEWS BRIEFS
ECB: Philip Lane of Ireland in race for ECB vice-presidency
SOUTH KOREA: EU and Korea could strengthen cooperation on cybersecurity
HONG KONG: EU concerned at limitation of candidatures for Legislative Council elections
INDUSTRY: EESC calls for Small Business Act to be binding
APPOINTMENTS: Herman Van Rompuy new president of International Centre for European Studies
UNITED KINGDOM: Brexit - ETUC says end-date of transition period is 'arbitrary and potentially very damaging'
TRANSPORT: Council gives go-ahead to EU-US air transport agreement
CORRIGENDUM
TRADE: Clarification in article on WTO condemnation of EU anti-dumping duties on Indonesian biodiesel