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Image header Agence Europe
Europe Daily Bulletin No. 13680
Contents Publication in full By article 23 / 34
ECONOMY - FINANCE - BUSINESS / Taxation

MEPs fail to agree on ‘BEFIT’ initiative defining a framework for taxation of corporate income

On Monday 14 July, the European Parliament's Committee on Economic and Monetary Affairs (ECON) examined the amendments relating to the ‘Business in Europe: A Framework for Income Taxation’ (BEFIT) initiative. For the time being, opinions differ.

The initiative, which was unsuccessful during the previous mandate (see EUROPE B13653A6), has been the subject of a new draft report, drawn up by MEP Evelyn Regner (S&D, Austrian). 361 amendments were tabled.

As was expressed when the draft...

Contents

MULTIANNUAL FINANCIAL FRAMEWORK 2028-2034
BUDGET: a draft of European Commission’s national and regional plans reveals a post-2027 MFF focused on performance and achievement of reforms
BUDGET: uncollected electronic waste, excise duties on tobacco, companies - own resources envisaged by European Commission
AGRICULTURE: European Commission proposes integrating CAP into single national fund for 2028-2034
AGRICULTURE: European Commission to propose provisions on management of stocks of agricultural products
EXTERNAL ACTION
UNITED STATES: more and more Member States believe that EU should utilise power balance with US administration
UNITED STATES: faced with new US trade threats, MEPs call on Commission to speak same language as Donald Trump
INDONESIA: EU announces “political agreement” with Jakarta on future Comprehensive Economic Partnership Agreement
FOREIGN AFFAIRS: sanctions against Russia, relations with Israel and situation in Georgia on agenda for EU Council meeting on 15 July
MOLDOVA: Mihai Popșoi warns that elections on 28 September will be huge test
ARMENIA: European and Armenian leaders hail closer relations
GEORGIA: EU High Representative and 17 European countries call on authorities to immediately release Georgian opposition leaders
CHINA: China and European Union must show “joint leadership” on climate change, says Teresa Ribera
Russian invasion of Ukraine
TRADE: some EU frontline member states not convinced by agreement on future agricultural quotas for Ukraine
SOCIAL: European Commission and Kyiv sign agreement to include Ukraine in ‘Employment and Social Innovation’ strand of European Social Fund Plus
SECTORAL POLICIES
DIGITAL: five EU countries volunteer to test app to check age of online users as proposed by European Commission
DIGITAL: European Commission wants to push online platforms to adapt their interface to protect minors
ENERGY: Danish Presidency of EU Council remains cautious about 1 January 2026 deadline for banning new Russian gas contracts
AGRICULTURE: European ministers call for increase in production of plant proteins in EU
AGRICULTURE: in September, EU Member States could authorise use of nitrogen recovered from manure
CLIMATE: CAN Europe calls on EU to step up dialogue on international stage ahead of COP30
ECONOMY - FINANCE - BUSINESS
BANKS: European Commission has doubts about compatibility with EU law of conditions imposed by Rome on UniCredit’s takeover of Banco BPM
TAXATION: MEPs should call for streamlined tax procedures to boost EU competitiveness
TAXATION: MEPs fail to agree on ‘BEFIT’ initiative defining a framework for taxation of corporate income
ACCOUNTING STANDARDS: EFRAG is seen and recognised as a highly professional organisation throughout world, says Wolf Klinz
ECB: Valdis Dombrovskis and Piero Cipollone try to reassure some MEPs about merits of digital euro project
FINANCE: EU savings and investment plan risks failure without insurers, warns Insurance Europe
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
FUNDAMENTAL RIGHTS: European Union Agency for Fundamental Rights summarises findings of racism in Europe to support future strategy “with solid evidence”
NEWS BRIEFS
STATE AID: European Commission consults on amendment to General Block Exemption Regulation (GBER)
DEMOCRACY: European Commission consults on how to implement ‘transparency and targeting of political advertising’ regulation
FINANCE: Maria Albuquerque in London for Financial and Professional Services dinner
INDONESIA: European Commission proposes multiple-entry visa system for Indonesian nationals
HOUSING: European Commission consults on future EU affordable housing plan
DIGITAL: EU includes Moldova in its cybersecurity reserve to deepen digital cooperation
SOCIAL: heat exposure and health effects - European trade unions want reliable statistics at EU level