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Europe Daily Bulletin No. 13301

28 November 2023
Contents Publication in full By article 21 / 34
ECONOMY - FINANCE - BUSINESS / Taxation
Reducing tax incentives to encourage corporate debt, MEPs in favour of proportional rules
Brussels, 27/11/2023 (Agence Europe)

On Tuesday 28 November, the European Parliament’s Committee on Economic and Monetary Affairs (ECON) will vote on the draft report on the ‘DEBRA’ directive on an allowance to reduce the tax distortion in favour of indebtedness and on the limitation of interest deductibility for corporation tax purposes. In their compromise amendments, which EUROPE was able to obtain, MEPs are expected to call for greater proportionality according to the size of the company.

Introduced in May 2022...

Contents

BEACONS
Beacons: Open letter to Viktor Orbán (1/2)
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
FUNDAMENTAL RIGHTS: agreement by European Employment and Social Affairs Ministers on European Disability Card
FUNDAMENTAL RIGHTS: in face of sexist and sexual violence, elected representatives, journalists and activists mobilise for European political MeToo movement
SOCIAL AFFAIRS - EMPLOYMENT
SOCIAL: digital platform workers, Member States show little flexibility regarding legal presumption of salaried status
SOCIAL: Member States stress need to involve social partners in all decisions relating to green transition
SOCIAL: trade unions call on European Commission to take action on teleworking and right to disconnect following failure of negotiations with employers’ organisations
SECTORAL POLICIES
ENERGY: ‘gas’ package, a European Parliament/Council agreement expected without too many difficulties for directive, points of disagreement still important for regulation
ENERGY: Kadri Simson reveals that 14 CO2 transport and storage projects will be included in EU’s list of projects of common and mutual interest
DIGITAL: ‘AI Act’, European co-legislators still looking for solutions to break deadlock on foundation models
DIGITAL: EU and Canada commit to strengthening cooperation on AI, cybersecurity and fight against disinformation
TRANSPORT/CONSUMERS: European Commission fine-tunes a post-pandemic ‘Mobility’ legislative package to strengthen rights of air passengers and travellers
TRANSPORT: European Commission has welcomed United Nations Aviation Agency's new target for sustainable aviation fuels
AGRICULTURE: industrial emissions - European Parliament Agriculture Committee rapporteurs advocate status quo on livestock farming
FISHERIES: EU Council adopts autonomous EU tariff quotas for period 2024-2026
EXTERNAL ACTION
MEDITERRANEAN: Josep Borrell calls for truce in Gaza to be extended
UNITED STATES: agreements on steel and critical minerals, EU countries are confident, but US position is worrying
TRADE: EU27 ministers take stock of EU trade policy
TRADE: according to latest WTO barometer, world trade volumes gradually returning to normal
SECURITY - DEFENCE
NATO: Middle East, Russia/Ukraine, China, Western Balkans and Sweden’s accession to Alliance on agenda of Allied countries’ foreign ministers
ECONOMY - FINANCE - BUSINESS
ECB: Christine Lagarde and MEPs conduct intensive talks on inflation, climate and monetary policy
TAXATION: reducing tax incentives to encourage corporate debt, MEPs in favour of proportional rules
TAXATION: Evelyn Regner proposes an allocation formula based on material factors at end of transition period for tax compliance
COMPETITION: European Commission Amazon’s acquisition of iRobot could negatively impact competition
INSTITUTIONAL
EP2024: Volt movement adopts its election manifesto
COUNCIL OF EUROPE
FUNDAMENTAL RIGHTS: Council of Europe calls on Hungary to abandon plans to create an ‘Office for Defence of Sovereignty’
NEWS BRIEFS
AGRICULTURE: EU Member States approve agreement with European Parliament on geographical indications
MONEY LAUNDERING: European Banking Authority consults on preventing misuse of money transfers and certain crypto-assets
DEFENCE: European Peace Facility, EU Council approves support for Gulf of Guinea countries
LEBANON: Josep Borrell recalls importance of disassociation policy
NEW ZEALAND: final go-ahead for free trade agreement between EU and Wellington
DIGITAL: EU Council formally adopts legislation on fair access to data
DRC: Josep Borrell reiterates importance of free and inclusive elections on 20 December
SOCIAL: EU Council formally adopts recommendation on strengthening social economy framework
Kiosk
Kiosk: No. 095