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Image header Agence Europe
Europe Daily Bulletin No. 13271
Contents Publication in full By article 20 / 29
ECONOMY - FINANCE - BUSINESS / Taxation

Negotiations on shell company proposal stall over substantial criteria

At the last meeting of the high-level working group on Wednesday 4 October, it was decided that the proposed ‘UNSHELL’ directive, aimed at preventing the misuse of shell companies for tax purposes, should return to the technical level, a European source told EUROPE on Thursday 12 October.

The Spanish Presidency of the EU Council has presented a new compromise proposal, taking up the negotiations begun under the Swedish Presidency. The previous proposal was submitted in March (see...

Contents

BEACONS
Beacons: The risk of double standards
EXTERNAL ACTION
MIDDLE EAST: Ursula von der Leyen and Roberta Metsola in Israel to lend support
CHINA: Josep Borrell wants to restore “eroded” mutual trust
WESTERN BALKANS: leaders of countries involved in Berlin Process to gather at a summit against a background of tensions between Belgrade and Pristina
SECTORAL POLICIES
ENVIRONMENT: reauthorisation of glyphosate, EU countries invited to vote again in November due to insufficient majority for or against Commission proposal
CLIMATE/ENVIRONMENT: EU Council position expected on COP28, CO2 from heavy-duty vehicles and urban wastewater treatment at ministerial meeting on 16 October
ENERGY: EU Council running out of time to reach agreement on electricity market reform before next European elections
ENERGY: energy performance of buildings, significant progress at third interinstitutional negotiation meeting
COMPETITIVENESS: Net-Zero Industry Act, EU27 are well on way to agreeing on details of lists of technologies
INTERNAL MARKET/TRADE: regulation against forced labour, MEPs expect delicate vote
MIGRATION: revision of ‘single permit’ directive, negotiators from European Parliament and EU Council will attempt to reach a political agreement on 21 November
HOME AFFAIRS: child sexual abuse material online, Spanish Presidency polls Member States on chances of obtaining an agreement from EU interior ministers
DIGITAL: distribution of illegal content online, European Commission opens an initial investigation against social network X as part of DSA
DIGITAL: after X, Meta and TikTok, Thierry Breton reminds Google and YouTube of their obligations to moderate illegal content and combat disinformation
DIGITAL: European Commission consults on international AI guidelines to define EU position within G7
AGRICULTURE: EU Member States criticise complexity of procedure for amending CAP strategic plans
AGRICULTURE: EU Member States want to make better use of crisis reserve
FISHERIES: recreational fishing in Europe, call for greater influence on quota decisions
ECONOMY - FINANCE - BUSINESS
ECOFIN: reform of European fiscal rules and fight against non-cooperative tax jurisdictions on agenda of EU countries
TAXATION: negotiations on shell company proposal stall over substantial criteria
ECONOMY: reform of Stability Pact, CoR calls for specific treatment of national and regional co-financing for EU-funded projects
INSTITUTIONAL
EUROPEAN PARLIAMENT PLENARY: situation in Israel and Gaza, macro-financial assistance to Ukraine and general EU budget on agenda for MEPs in Strasbourg
Russian invasion of Ukraine
AGRICULTURE: Romanian farmers call for reintroduction of ban on cereal imports from Ukraine
COUNCIL OF EUROPE
HUMAN RIGHTS: Parliamentary Assembly of Council of Europe calls for new democratic security tools and reform of United Nations Security Council
TURKEY: Parliamentary Assembly of Council of Europe calls for a firm response to Turkey’s refusal to release Osman Kavala
NEWS BRIEFS
STATE AID: European Commission approves Romanian scheme of up to €24 million to improve port capacity and Ukraine/EU Solidarity Lanes
STATE AID: European Commission authorises a Polish scheme to support corn traders faced with market instability
CHINA: EU imposes provisional anti-dumping duties on components from China
JUSTICE: strengthening EU-Latin America cooperation at 19th meeting of experts on joint investigation teams