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Europe Daily Bulletin No. 12177

23 January 2019
Contents Publication in full By article 7 / 38
ECONOMY - FINANCE - BUSINESS / Taxation
A study by Greens/EFA group in European Parliament points to under-taxation of multinationals in EU
Brussels, 22/01/2019 (Agence Europe)

Effective tax rates (ETRs) of multinationals are well below nominal tax rates in most EU countries, reveals a study published by the European Parliament's Greens/EFA Group on Tuesday 22 January. 

According to this study, multinationals are taxed in the EU at an average effective rate of only 15%, well below the average of the nominal tax rates of 23%. 

While the existence of effective rates below nominal rates is in fact a very common phenomenon - due to tax exemptions and other tax...

Contents

ECONOMY - FINANCE - BUSINESS
ECONOMY: Member States' support for the Commission/EIB partnership for the governance of the InvestEU programme after 2020
FINANCE: European Supervisory Authorities, there is no consensus in Council on entering into negotiations with European Parliament on aspect of 'anti-money laundering'
EUROGROUP: Ministers clarify their working processes on deepening of EMU
INSURANCE: MEPs ready to negotiate on revision of Motor Vehicle Insurance Directive
INSURANCE: European Parliament’s committee raises concerns about revision of Solvency II Directive delegated act
COMPETITION: fine of €570.6 million against Mastercard for obstructing merchants' access to cross-border card payment services
TAXATION: a study by Greens/EFA group in European Parliament points to under-taxation of multinationals in EU
EXTERNAL ACTION
AFRICA: EU and AU in unison on DRC, peacekeeping and multilateralism, at first joint ministerial meeting
ASEAN: EU and ASEAN raise their partnership to a “strategic” level
GEORGIA: first visit of President to Brussels to recall importance of partnership
MERCOSUR: Greens/EFA Group in European Parliament urges EU to suspend trade negotiations with Bolsonaro government
SECTORAL POLICIES
TRANSPORT: MEPs vote to provide safeguards for liberalisation of coach transport
TRANSPORT: European Parliament’s Conference of Presidents will decide on follow-up to mobility package I
TRANSPORT: MEPs want to bring forward date from which more aerodynamic cabs can be used in trucks
COHESION: MEPs maintain macroeconomic conditions in post-2020 Cohesion Policy, but not without introducing some changes
INTERNAL MARKET: MEPs significantly increase budget of 2021-2027 Single Market Programme
HEALTH: Romania cautiously presents its vision of work on health technology assessment
ENVIRONMENT: biodiversity, climate and water management among priorities of Romanian Presidency of Council
ENVIRONMENT: European Parliament committee strengthens provisions on urban waste water reuse
AGRICULTURE: Council to discuss strategic plans for future Common Agricultural Policy
JUSTICE: a Commission investigation reflects a glaring gap in perception of Antisemitism by Jews and public opinion
JUSTICE: first European elections network meeting in preparation for European elections in May
SPACE: EU lacks a 'clear collective vision' for space, according to Elżbieta Bieńkowska
ENERGY: Maroš Šefčovič reiterates his concerns regarding Nord Stream-2 gas pipeline
AUDIOVISUAL: territoriality called into question by Parliament-commissioned study
INSTITUTIONAL
FUTURE OF THE EU: Mr Tusk hopes that strengthening of Franco-German friendship will work towards integration of whole of Europe
UNITED KINGDOM: Commission asks Mrs May to clarify her intentions towards EU as soon as possible
COURT OF JUSTICE OF THE EU
EMPLOYMENT: Court confirms Austrian legislation granting a paid public holiday to certain religious workers on Good Friday is illegal
NEWS BRIEFS
AGRICULTURE: EU and Egypt intensify their cooperation on agriculture
AZERBAIJAN: EU welcomes drop of new charges against anti-corruption blogger Mehman Huseynov
KOREA: start of consultations on Korean labour rights commitments under trade agreement
COMPANIES: postponement to 30 January of a possible agreement in Council on cross-border corporate mobility
JUSTICE: European Trade Union Confederation calls on European Parliament to reject interinstitutional agreement on insolvency directive
MALAYSIA: Saifuddin Abdullah calls for development of European investment in his country
CIVIL PROTECTION: European Parliament Environment Committee approves interinstitutional agreement on RescEU
ROMANIA: after further comments by Commissioner Katainen, Commission insists that Bucharest respect principles of rule of law
SINGAPORE: European Parliament foreign affairs committee approves new partnership and cooperation agreement
TRANSPORT: European Parliament/Council agreement on post-Brexit ship inspections