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Europe Daily Bulletin No. 13223

15 July 2023
Contents Publication in full By article 9 / 36
ECONOMY - FINANCE - BUSINESS / Taxation
European Commission refers Luxembourg to Court of Justice for incorrect transposition of anti-avoidance directive
Brussels, 14/07/2023 (Agence Europe)

On Friday 14 July, the European Commission decided to file a case in the Court of Justice of the European Union against Luxembourg for failing to correctly transpose the Anti-Tax Avoidance Directive (2016/1164) (see EUROPE B11514A19).

The Anti-Tax Avoidance Directive (ATAD 1) provides for a derogation from the measure limiting the deductibility of interest payments from the corporation tax base applicable to financial undertakings. The directive contains an exhaustive list of entities...

Contents

BEACONS
Beacons: a rotating Council Presidency on an ejector seat
Russian invasion of Ukraine
ECONOMY: European finance ministers ready to continue EU’s unwavering macro-financial assistance to Ukraine
INSTITUTIONAL
BUDGET : proposal for new own resources package, European finance ministers express number of reservations
EUROPEAN COMMISSION : despite criticism, European Commission is maintaining appointment of American Fiona Scott Morton as chief economist at DG Competition
EUROPEAN PARLIAMENT: unsuccessful Spanish attempt to have EU Council decide on composition of European Parliament
EU LAW: European Commission launched 551 infringement proceedings in 2022, 35 of which resulted in action being brought before CJEU
ECONOMY - FINANCE - BUSINESS
CUSTOMS: European finance ministers welcome reform, but have a number of questions
TAXATION: MEPs criticise European Commission for “overstepping constitutional bounds” of directive imposing country-by-country reporting
TAXATION: European Commission refers Luxembourg to Court of Justice for incorrect transposition of anti-avoidance directive
MONEY LAUNDERING: supervision is not always proportionate to perceived levels of money laundering and terrorist financing risk, nor is it always effective, according to EBA
COMPETITION: European Commission refers Estonia to Court of Justice of European Union for failure to transpose ECN+ Directive
SOCIAL AFFAIRS
SOCIAL: in Madrid, European ministers reaffirm importance of social dialogue in supporting necessary transitions in labour market
SOCIAL/EMPLOYMENT: Commission to take Italy to EU Court of Justice for failing to pay some foreign lecturers working at Italian universities
EXTERNAL ACTION
LATIN AMERICA: EU/CELAC summit will mark a new departure in relations between partners who share same values
UNITED STATES: EU requests WTO compliance proceedings in dispute with Washington over Spanish olives
UNITED NATIONS: EU and UN reaffirm importance of their cooperation
SECTORAL POLICIES
AGRICULTURE: European Commission adopts €330 million support package
FISHERIES: draft European Parliament report calls for better implementation of eel rules
ENVIRONMENT: European Commission proposes to further limit use of mercury
CLIMATE/ENERGY: Commission allocates €3.6 billion from emissions trading revenues to clean technology projects
ENERGY: to support development of renewable hydrogen, eight federations and NGOs are calling for creation of an independent European network
INTERNAL MARKET: EU refers Malta and Cyprus to CJEU for failing to comply with recognition of professional qualifications
INTERNAL MARKET: European Commission refers Hungary to CJEU for failure to respect freedom of establishment of companies in European Union
INTERNAL MARKET: EU refers Poland to CJEU over its restrictions on pharmacies’ promotional activities
NEWS BRIEFS
HOME AFFAIRS: European Commission refers Sweden to Court of Justice of the European Union for failure to transpose firearms directive
STATE AID: Commission approves €74 million Czech scheme to promote rail freight transport
CLIMATE: EU-CELAC summit, European Investment Bank will provide €800 million for projects in Argentina, Brazil and Chile
COMPETITION: European Commission gives green light to acquisition of Neoenergia Transmissora by Iberdrola and GIC
COMPETITION: European Commission approves Astara’s acquisition of Nissan Austria and Nissan Poland
EUROPEAN COUNCIL: Charles Michel appoints new spokesperson
CONSUMERS: EU limits exposure to carcinogen formaldehyde in consumer products
UNITED STATES: agreement on critical minerals with Washington, EU Council is due to adopt negotiating mandate on 20 July
FINANCE/CLIMATE: European Commission to include mining and extraction in EU taxonomy
INDIA: Council gives green light for negotiations with New Delhi on a memorandum of understanding on semiconductors
DRC: EU condemns murder of Chérubin Okende
SYRIA: sanctions, EU extends humanitarian exemption for six months