VAT – The European Sting - Critical News & Insights on European Politics, Economy, Foreign Affairs, Business & Technology

Taxation: Commission refers Germany to the Court for its failure to apply EU rules on VAT for farmers

July 26, 2019 by European Union 1 Comment

This article is brought to you in association with the European Commission. Today the Commission has decided to refer Germany to the Court of Justice of the EU for not applying the EU Value Added Tax (VAT) scheme for farmers correctly. Under current EU rules, Member States can apply a flat-rate VAT scheme (Council Directive 2006/112/EC) […]

Filed Under: European Union News Tagged With: Brussels magazine, Brussels news, Court, Critical News Europe, Critical Times, EU Commission, EU magazine, EU newspaper, EU rules, EU Sting, EU taxation, Germany, taxation, The European Sting, The Sting, VAT, VAT for farmers, Your Political Newspaper

Green light for VAT overhaul to simplify system and cut fraud

October 3, 2018 by European Union 1 Comment

This article is brought to you in association with the European Parliament. MEPs on Wednesday backed the bulk of the European Commission’s proposed reform of the VAT system, while proposing some adjustments, such as to set a maximum VAT rate. Two pieces of legislation were put to the vote. One aims to facilitate trade, especially for […]

Filed Under: European Union News Tagged With: European Parliament, tax fraud EU, The European Sting, The Sting, VAT, VAT overhaul, WEF Agenda, World Economic Forum

Spanish vote – bad luck for Greece: Does Iphigenia need to be sacrificed for favourable winds to blow in Eurozone?

May 26, 2015 by The Sting's Team Leave a Comment

Greece is running out not only of time but also luck. The country’s economy has been pending in limbo for the past four months, exhausting all its resources to survive the financial suffocation that the European Central Bank has imposed following the political orders by Berlin, Paris and Brussels, violating the bank’s “independent” role in the European […]

Filed Under: Policy, Politics, Regional Tagged With: Alexis Tsipras, Angela Merkel, austerity, Ciudadanos, Drachma, Eurogroup, European Union, Graccident, Greece, Greek deal, Greek finance minister, Grexit, Iphigenia, Jean-Claude Juncker, Podemos, Spanish Elections, Syriza Congress, VAT, Wolfgang Schäuble, Yanis Varoufakis

ECOFIN: Protecting bankers and tax-evaders

December 11, 2013 by Suzan A. Kane 2 Comments

It is customary for the European Union, when the club cannot arrive at a decision acceptable by everybody, the outcome is a distorted compromise. Of course, the burning issue of the resolution of failing banks could not depart from this rule yesterday at the ECOFIN Council, with the 28 ministers of Finance discussing this issue […]

Filed Under: Policy Tagged With: bank resolution, banks, Commission, France, Germany, tax evasion, taxation, VAT, Šemeta

False promises to Small and Medium Enterprises

March 8, 2013 by Suzan A. Kane 2 Comments

After the minimal or zero success that the Small Business Act (SBA) of 2008 had recorded during the past four years, in failing to ease the life of Small and Medium Enterprises, the European Commission launched yesterday another similar initiative. This time the “Commission wants to simplify life for SMEs by easing the top 10 […]

Filed Under: Policy Tagged With: Enterprises and Industry, REACH, SMEs, Tajani, VAT

Capital transaction tax on Ecofin table

January 19, 2013 by Suzan A. Kane Leave a Comment

Next Tuesday 22 January, the Economic and Finance Ministers Council (ECOFIN) is expected to meet in Brussels. As a main item in its agenda has being tabled the Financial Transactions Tax (FTT). So far only 11 EU member states out of the 27 have agreed to go through with it. The 11 participating EU countries are […]

Filed Under: Policy Tagged With: ECOFIN, European Parliament, financial industry, Financial Transactions Tax, VAT

Eurozone: Black economy loves the South

January 7, 2013 by Suzan A. Kane Leave a Comment

Black economy has been traditionally the weak point for a number of European countries in the South of the Old Continent. Greece, Italy, Spain, Portugal, Cyprus and Malta to name only the Eurozone countries with black economy percentages around 20%, are usually on the head of European Commission’s country lists with economic activities outside […]