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Image header Agence Europe
Europe Daily Bulletin No. 12858
Contents Publication in full By article 1 / 28
ECONOMY - FINANCE / Taxation

European Commission tackles phenomenon of shell companies used for tax evasion

The European Commission will unveil on Wednesday 22 December a proposal for a directive to tackle, from 2024, the issue of shell companies used for tax evasion, a legislative initiative presented by EU Taxation Commissioner Paolo Gentiloni in response to the recent Pandora Papers scandal(see EUROPE B12806A14).

While “important progress” has been made in recent years through the ‘ATAD’ (2016/1164) and ‘DAC’ (2011/16/EU) Directives, “legal entities with no minimal substance and...

Contents

ECONOMY - FINANCE
TAXATION: European Commission tackles phenomenon of shell companies used for tax evasion
STATE AID: European Commission endorses new guidelines on climate and energy support
COMPETITION: European Commission clears Microsoft’s acquisition of Nuance
EU RESPONSE TO COVID-19
HOME AFFAIRS: Commission sets validity period of EU COVID Certificate at nine months after first full vaccination schedule
SOCIAL: SURE instrument, European Commission proposes €147 million for Hungary
SOCIAL AFFAIRS
SOCIAL: trial by fire expected in EU Council for Interinstitutional Agreement on coordination of social security systems
COURT OF JUSTICE OF THE EU
RULE OF LAW: Court of Justice clarifies conditions for not applying national constitutional court case law that violates EU law
JUSTICE: derogatory statements on Internet, damage suffered on Member State’s territory is sufficient to claim compensation from that Member State’s courts
CONSUMERS: flight brought forward by an air carrier by more than one hour should be considered cancelled, says Court of Justice
CONSUMERS: Court of Justice of EU clarifies scope of consumer protection under Unfair Contract Terms Directive
IRAN: EU blocking statute can be invoked in civil proceedings when a European company submits to US sanctions
COURT OF JUSTICE: appointment of seven judges to EU General Court
SECURITY - DEFENCE
DEFENCE: European Commission presents revised policy on demobilisation and reintegration of former combatants
EXTERNAL ACTION
FOREIGN AFFAIRS: European Commission completed indicative programming for aid to EU partner countries totalling €26.3 billion
TURKEY: European Commission announces €530 million envelope for access to education for refugees
SECTORAL POLICIES
GMO: new genomic techniques—environment ministers call for precautionary principle to be applied in EU
ENERGY: European regulators present recommendations for regulation of hydrogen industry
CLIMATE/TRANSPORT: European Commission consults on revised emission standards for trucks
INTERNAL MARKET: number of infringements in single market for non-compliance with EU rules is rising sharply
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
MEDIA: European Commission launches a first call for contributions on its Media Freedom Act
NEWS BRIEFS
HUMANITARIAN AID: food crisis, EU mobilises €13.1 million for Sudan and refugees in Uganda
INDUSTRY: Thierry Breton welcomes pre-notification of a new IPCEI in microelectronics sector
MIGRATION: Pact on Migration and Asylum, no breakthrough on Eurodac regulation under Slovenian EU Council Presidency
DIGITAL: European Commission consults to improve rules on digital company law
PHILIPPINES: EU mobilises initial €1.7 million in humanitarian aid for victims of Typhoon Rai
UNITED KINGDOM: first exchange of views between Maroš Šefčovič and Liz Truss on Northern Ireland Protocol
HEALTH: Hungary will rejoin EU Covid-19 vaccine procurement process to obtain 9.5 million doses of Comirnaty
SOCIAL: ELA supports a simultaneous inspection between four Member States in road sector