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Image header Agence Europe
Europe Daily Bulletin No. 13716
Contents Publication in full By article 21 / 42
ECONOMY - FINANCE - BUSINESS / Taxation

MEPs approve addition of a ‘significant economic presence’ clause to framework for taxation of corporate income

On Wednesday 24 September, the European Parliament’s Committee on Economic and Monetary Affairs (ECON) voted in favour of its report on the ‘Business in Europe: Framework for Income Taxation’ (BEFIT) initiative, with 33 votes in favour, 19 against and 5 abstentions.

As anticipated by Agence Europe the day before, all the compromise amendments were adopted(see EUROPE B13715A23). This text establishes a common framework for the taxation of corporate income, replacing the 27 current...

Contents

SECTORAL POLICIES
HOME AFFAIRS/MIGRATION: European Parliament and EU Council close to agreement on Europol’s new role in fight against migrant smuggling networks
HOME AFFAIRS: European Commission and Ecuador sign agreement on data exchange with Europol to combat organised crime and terrorism
CLIMATE: ‘ETS2’ - in discussions with European Commission, MEPs have concerns about impact on households and SMEs
ENVIRONMENT: EU Council and European Parliament reach agreement on revision of priority substances to be monitored in water
ENVIRONMENT: MEPs confront European Commission about its contradictions in a debate on introduction of ‘nature credits’
DIGITAL: MEPs divided over methods for verifying age of minors online
DIGITAL: Ursula von der Leyen reaffirms European objective of setting an age limit for minors on certain platforms
DIGITAL: NGOs and civil society urge European Commission not to postpone implementation of AI Act
INTERNAL MARKET: Commission’s single market strategy does not deal sufficiently with movement of services, according to study commissioned by European Parliament
AGRICULTURE : Christophe Hansen struggles to convince MEPs of merits of proposed CAP reform
AGRICULTURE : MEPs reinforce measures to simplify CAP rules
AGRICULTURE : European Commission unveils 2025 winners of EU Organic Awards
FISHERIES: MEPs protest against 67% cut in 2028-2034 funding for fisheries
TOURISM: industry players call on Europe’s political decision-makers to invest in infrastructure and skills
HEALTH: MedTech Europe calls for rapid reform of medical device rules
EXTERNAL ACTION
UNITED STATES: MEPs want robust withdrawal clause in tariff concessions made to Washington
DEVELOPMENT: series of experts recommend optimising EU’s budget guarantee mechanism
ECONOMY - FINANCE - BUSINESS
ECONOMY/FINANCE: legislative initiative on securitisation is a “litmus test” of Member States’ willingness to integrate capital markets in EU, says Stephanie Lose
ECONOMY: European Parliament/EU Council agreement on strengthening InvestEU programme
FINANCE: retail investment, progress on supervisory framework in European Parliament/EU Council negotiations
TAXATION: MEPs approve addition of a ‘significant economic presence’ clause to framework for taxation of corporate income
Russian invasion of Ukraine
UKRAINE: according to Donald Trump, Ukraine, aided by EU, can reclaim its territory
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
RULE OF LAW: in a second draft interim report, European Parliament is expected to call on Member States to finally develop “consequences” for “persistent breaches” in Hungary
WOMEN’S RIGHTS: Lina Gálvez’s recommendation denounces stereotyped judicial system and calls for better female representation at CSW70
SOCIAL AFFAIRS
SOCIAL: European Economic and Social Committee calls on Commission to present an affordable housing plan, a “fundamental right”
SECURITY - DEFENCE - SPACE
SECURITY/DEFENCE: Stefano Cont explains how several PESCO projects could help combat drones and missiles
INSTITUTIONAL
BUDGET: Jacques Delors Institute defends principle of an ambitious, more flexible and performance-based 2028-2034 MFF
NEWS BRIEFS
AGRICULTURE : EU agri-food trade remains solid in June 2025
HUMANITARIAN AID: European Commission releases further €50 million for Gaza and West Bank
LATIN AMERICA: Europeans and Latin Americans in favour of lasting peace in Ukraine, Occupied Palestinian Territories and Haiti
BOSNIA AND HERZEGOVINA: European Committee of Regions strengthens cooperation with local and regional representatives in Bosnia and Herzegovina
CHINA: sales of European electric vehicles have increased by 28% since application of countervailing duties on Chinese products
ECONOMY: EU Council is asked to approve revision of Portuguese recovery plan
ENVIRONMENT: several NGOs find European Commission’s idea of a further postponement of Regulation against ‘imported deforestation’ “embarrassing”
FINANCE: Member States adopt agreement with European Parliament on shortening securities transactions in EU in 2027
INDUSTRY: Member States approve EU Council’s position on ‘stop-the-clock’ mechanism on chemicals
LEBANON: EU condemns deadly Israeli strike
INTERNAL MARKET: European Commission consults with a view to revising its standardisation regulation
MIGRATION: 42 European civil society organisations call on Commission and Italy to stop cooperating with Libyan coastguard
PALESTINE: European Commission and EIB sign a €400 million financing facility to support SMEs
TRANSPORT: EU Council adopts negotiating position on revision of air passenger rights
TRANSPORT: EU Council adopts agreement with European Parliament on driving licences and driving disqualifications