Search Results for: Austria

A FINAL compromise on planned European Union (EU) laws on the timing of auditors’ rotation should be somewhere between the two proposed extremes of six years and 25 years, the EU internal market Commissioner Michel Barnier is arguing, as EU ministers and MEPs grope towards a deal on the issue.…

EUROPEAN Union (EU) ministers have agreed reforms to the EU’s VAT directive 2006/112/EC enabling member states to swiftly impose reversed charge VAT mechanisms to fight tax fraud. They would act when faced with a sudden onset of large-scale VAT fraud, forcing suppliers to pay the tax, rather than final consumers.…

THE ORGANISATION for Economic Cooperation & Development (OECD) has released detailed reports on 13 countries, mostly key financial centres, highlighting some shortcomings their providing tax information with foreign tax authorities. Particular problems were underlined with the British Virgin Islands (BVI), where there where “difficulties obtaining and exchanging information for tax purposes” from July 2009 to June 2012, with a “significant proportion” of responses to tax information requests being “incomplete”.…

THE EUROPEAN Parliament (EP) public health and environment committee, which is handling the draft tobacco products directive (TPD), went a step further from the European Commission on July 10, when it voted to introduce a “positive list” of approved ingredients to be used in tobacco products.…

THE EUROPEAN Union (EU)-favoured Nabucco pipeline carrying Azerbaijan gas to western Europe will now almost certainly never be built, after Azeri gas consortium Shah Deniz decided to sell its gas to the rival Trans-Adriatic Pipeline (TAP). The decision came after Greece announced it would sell its natural gas grid operator DESFA to Azeri state energy company SOCAR: the TAP pipeline would run through Greece to Italy, linking with pipelines in Turkey.…

ON July 1, Croatia finally became the European Union’s 28th member state – a long-awaited accession following 10 hard years of negotiations. Many of the questions that surrounded Croatia’s eligibility centred on the country’s level of commercial crime and corruption, including money laundering, and concerns about its ability to tackle such problems effectively.…

Croatia’s paint and coatings industry is aiming to capitalise on the benefits of the country’s recent July 1 accession to the European Union (EU), and is hoping that an economic recovery can also help the industry return to growth over the next year.…

European metal thieves have been targeted by an international law enforcement operation coordinated by European Union (EU) police agency Europol. Its officials said that more than 120 tonnes of stolen copper was confiscated in Italy alone and there were many arrests, with 37 made in just country – Bulgaria.…

EUROPEAN Commission proposed in Strasbourg today (Tues) updates on the four regulations which govern the Single European Sky (SES), trying to push European Union (EU) member countries to implement long-overdue air traffic control reforms.

One proposed amendment would insist that national supervisory air traffic control (ATC) authorities should be completely separated from the organisations providing ATC organisations in all EU countries to increase oversight and safety, Brussels said today.…

EUROPEAN Commission proposed in Strasbourg today (Tues) updates on the four regulations which govern the Single European Sky (SES), trying to push European Union (EU) member countries to implement long-overdue air traffic control reforms.

One proposed amendment would insist that national supervisory air traffic control (ATC) authorities should be completely separated from the organisations providing ATC organisations in all EU countries to increase oversight and safety, Brussels said today.…