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Europe Daily Bulletin No. 12567

25 September 2020
Contents Publication in full By article 5 / 30
ECONOMY - FINANCE - BUSINESS / Finance
ESMA publishes results of its inquiry of ‘Cum/Ex’ tax optimisation practices
Brussels, 24/09/2020 (Agence Europe)

The European Securities and Markets Authority (ESMA) published on Thursday 24 September the results of its inquiry into tax optimisation practices revealed by the ‘Cum/Ex Files’ scandal, as requested by the European Parliament in a resolution of 2018 (see EUROPE B12149A3).

Launched in July 2019 (see EUROPE B12288A11), the inquiry aimed to gather more information from the competent national authorities on how they monitor ‘Cum/Ex’ ‘Cum/Cum’ tax arrangements and, more...

Contents

ECONOMY - FINANCE - BUSINESS
PAYMENTS: European Commission to encourage pan-European instant payment solutions
FINANCE: Commission unveils new tailor-made regulatory framework for crypto-assets
FINANCE: Commission not abandoning centralised supervision of capital markets, says Valdis Dombrovskis
FINANCE: European Commission wants to ensure all financial actors are equipped to deal with cyber threats
FINANCE: ESMA publishes results of its inquiry of ‘Cum/Ex’ tax optimisation practices
BANKS/FINANCE: European Court of Auditors points out weaknesses in EU’s financial architecture when dealing with Covid-19 pandemic
EU RESPONSE TO COVID-19
HEALTH: European Commission sounds alarm in light of ECDC’s risk analysis
COHESION: coronavirus, green light for amended operational programme for Pomerania
SECTORAL POLICIES
MIGRATION: European Parliament already has doubts about implementation of Asylum and Migration Pact
CLIMATE: Second draft compromise of German EU Council Presidency on ‘climate law’
TRANSPORT: Connecting Europe Facility, Commission working to meet requirements of Green Deal
COHESION: MEPs want to beef up Just Transition Mechanism’s third pillar
ENERGY: EU gas market rules are effective, says ACER
DIGITAL: Corporate Europe Observatory concerned about digital giants’ heavy lobbying
EXTERNAL ACTION
BELARUS: Europeans do not recognise Mr Lukashenko as President
LEBANON: International Support Group calls for government to be formed
AFRICA: industrialisation of continent and jobs for young people, civil society priorities for EU/AU partnership
DEVELOPMENT: EU and UNICEF issue call to minimise impact of pandemic on children's education
INSTITUTIONAL
COMMISSION: European Parliament Committee on Legal Affairs finds nothing wrong with financial interests of Ms McGuinness and Mr Dombrovskis
DEMOCRACY: EU must be more proactive in fight against hybrid measures, argues Mr Hamikus
EMPLOYMENT
EMPLOYMENT: social partners in construction sector call for a European social security number to combat undeclared work
COUNCIL OF EUROPE
MIGRATION: Pact on Migration and Asylum, Council of Europe and UN offer their expertise
NEWS BRIEFS
HOME AFFAIRS: European arrest warrant—CJEU explains specialty rule application
CLIMATE: Andrej Babiš torpedoes proposal to raise 2030 emission reduction target to at least 55%
ENERGY: coal exit date divides Polish government and mining unions
HONG KONG: EU concerned about arrest of pro-democracy activist Joshua Wong
MOLDOVA: EU calls for transparent, inclusive, credible elections
MULTILINGUALISM: French-speaking journalists complain about excessive dominance of English in European Commission’s work
RESEARCH: Leuven named 2020 European capital of innovation
FOOD SAFETY: biological pesticides—Commission is preparing a regulation for approval of active substances