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Image header Agence Europe
Europe Daily Bulletin No. 12255
Contents Publication in full By article 15 / 30
ECONOMY - FINANCE - BUSINESS / Taxation

Launch of transaction network analysis tool to better combat VAT fraud

The European Commission announced on Wednesday 15 May the launch of the Transaction Network Analysis tool (TNA), which will allow Member States to quickly exchange and jointly process VAT data in order to detect suspicious networks earlier (see EUROPE B11915A11). 

“This new tool will increase the speed at which authorities can uncover and act on suspicious activity. But this progress does not lessen the need for deeper and more fundamental reform of the EU's VAT system”, said EU...

Contents

BEACONS
BEACONS: What has become of the European citizens’ initiative?
European elections - EP2019
EP2019: Manfred Weber, ideal target for Spitzenkandidates’ election debate
EP2019: challenge for an enlarged Eurosceptic group within European Parliament will be to hold out over time, says Nathalie Brack
EP2019: Udo Bullmann strongly believes in chances of Social Democratic Spitzenkandidat to chair Commission
ENVIRONMENT/CLIMATE: ecological transition, a priority of left courted by right outside conservatives
AGRICULTURE: European political forces are calling for a reform of CAP to safeguard its appropriations
ENERGY: European political parties support Energy Union and are divided on Nord Stream 2
TERRORISM: internal security remains an important issue for European parties, but does not dominate their agenda
SECTORAL POLICIES
REGIONS: EU Solidarity Fund is more responsive but still room for improvement, according to Commission
INDUSTRY: Netherlands sets out its vision of European competitiveness
TRANSPORT: Romanian Presidency of EU Council maintains its approach on exchange of electronic information in freight and realisation of TEN-T
AGRICULTURE: several Member States request clarification of legislation on new GMOs
AGRICULTURE: Belgium and Poland are concerned about situation in fruit sector
INTELLECTUAL PROPERTY: according to EU auditor, EUIPO’s budget surplus must be reinvested to support innovation
ECONOMY - FINANCE - BUSINESS
TAXATION: launch of transaction network analysis tool to better combat VAT fraud
TAXATION: in absence of a European solution, Netherlands will introduce an aviation tax from 2021
FINANCE: Better Finance tests appetite of European political parties for consumer protection
ECONOMY: GDP up by 0.4% and employment by 0.3% in euro area in the first quarter of 2019
SECURITY - DEFENCE
DEFENCE: EU remains open to US companies, says Mrs Mogherini
EXTERNAL ACTION
CENTRAL ASIA: EU updates its strategy
MERCOSUR: European ministers reiterate their reservations on opening of agricultural markets
INSTITUTIONAL
UNITED KINGDOM: uncertainty remains as to outcome of a fourth vote of British Parliament on agreement leading to an orderly Brexit
FUTURE OF EU: environment, social equality and peace are the priorities of European students, according to an EESC study
NEWS BRIEFS
BUDGET: €80 million additional allocated to Horizon 2020 and €20 million additional to Erasmus+ in 2019
CITIZENSHIP: registration of European Citizens' Initiative ‘Save the bees!’
CHINA: agri-food products, European difficulties in negotiating with Beijing
TAXATION: Aruba, Barbados and Bermuda to leave blacklist of non-cooperative jurisdictions
JUSTICE: Dutchman Aleid Wolfsen elected Vice-President of European Data Protection Board
REGIONS: total support of €293.5 million from EU Solidarity Fund for Austria, Italy and Romania
SOCIAL: EU Council adopts third revision of Carcinogens and Mutagens Directive