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Europe Daily Bulletin No. 13205

21 June 2023
Contents Publication in full By article 19 / 29
ECONOMY - FINANCE - BUSINESS / Taxation
Cross-border financial income, European Commission’s new withholding tax procedure well received
Brussels, 20/06/2023 (Agence Europe)

The new ‘FASTER’ directive on ‘withholding tax’, proposed by the European Commission on Monday 19 June, has been welcomed by a number of stakeholders.

This directive relates to cross-border financial income and should make the procedure more efficient and secure for investors, financial intermediaries such as banks and tax authorities (see EUROPE B13204A18).

“A welcome step towards creating European tax rules for European capital flows”, welcomed MEP Paul Tang (S&D, Dutch) on...

Contents

Mid-term review of the MFF
BUDGET: European Commission is asking Member States for €65.8 billion as part of revision of Multiannual Financial Framework
BUDGET: European Commission proposes a new statistical own resource based on company profits
BUDGET: European Sovereignty Fund becomes ‘Strategic Technologies for Europe Platform’
BUDGET: European Parliament rapporteurs welcome revision of MFF providing for more money for policies that need it
INSTITUTIONAL
BUDGET: EU Council adopts its position on Draft Amending Budget 2023 concerning budgeting of surplus from 2022 financial year
GENERAL AFFAIRS: future of Europe on agenda for informal meeting of European Affairs ministers
EXTERNAL ACTION
TRADE: European Commission lays foundations for discussions on strengthening EU’s economic security
ZAMBIA: EU invests €110 million in Global Gateway, to promote education, health and green energy
Russian invasion of Ukraine
ECONOMY: European Commission proposes to stabilise EU macro-financial aid to Ukraine until 2027
UKRAINE: EU ready to provide military support for as long as necessary, should warn European Council
STATE AID: European Commission gives green light to a €7 million aid scheme for sheep and goat farmers in Cyprus
SECTORAL POLICIES
BIODIVERSITY: Council of EU adopts its negotiating position on Nature Restoration Regulation
CLIMATE: Ivana Rogulj highlights growing development of skills in face of European cities’ green transition
CLIMATE: Yannick Jadot wants to raise ambitions for reducing CO2 emissions from heavy goods vehicles
FISHERIES: International Treaty to protect high seas is adopted by United Nations
DIGITAL: consumer associations in 13 EU countries call on their authorities to launch investigations into risks posed by generative AI systems
RESEARCH/DIGITAL: Jules Verne European supercomputer to be hosted in France
COUNCIL OF EUROPE
UKRAINE: Council of Europe wants to rapidly launch “Register of Damage” caused by Russia’s war against Ukraine
ECONOMY - FINANCE - BUSINESS
TAXATION: cross-border financial income, European Commission’s new withholding tax procedure well received
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
MEDIA: European Media Freedom Act, 60 associations urge EU Council to reconsider its position
WOMEN’S RIGHTS: European Commission “finally” celebrates ratification of Istanbul Convention
NEWS BRIEFS
EIB: Margrethe Vestager stands for EIB presidency
EUROPEAN COMMISSION : two new appointments in two Directorates-General of European Commission
SPACE: nine European start-ups receive €5 million to supply additional data to Copernicus
FRANCE: Paris maintains its target of bringing public deficit back below 3% of GDP by 2027
DIGITAL: Elon Musk says Twitter will comply with DSA rules, which come into force on 25 August
RESEARCH: European Commission launches €15.4 million call for proposals for ‘European Researchers’ Night’ and ‘Researchers at Schools’
SERBIA/KOSOVO: North Macedonia’s Foreign Minister, Bujar Osmani, calls for an urgent calming of tensions in northern Kosovo
TUNISIA: France releases €26 million to help Tunisia manage illegal immigration into EU