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OECD SAYS 49 JURISDICTIONS WILL AUTOMATICALLY EXCHANGE TAX INFORMATION THIS YEAR

THE IDENTITY of 49 jurisdictions that will automatically exchange tax information in 2017 under a global standard has been revealed by the Organisation for Economic Cooperation & Development (OECD).…

THE EUROPEAN metals industry has reacted positively to the European Parliament’s endorsement, on November 15 at a Strasbourg plenary meeting, of new European Union (EU) anti-dumping rules which are scheduled to come into force early next year.

However, sector representatives cautioned this week that while the proposals, first presented by the European Commission in November 2016, were stronger and clearer than past rules for erecting such protective duties, “the proof is in the pudding”.…

COMPANIES and citizens defrauding European Union (EU) revenue collection (including customs duties and cross-border VAT fraud) and spending programmes, may from 2020 face direct criminal proceedings brought by a European Public Prosecutor. The EU Council of Ministers has approved establishing this new institution in 20 of the 28 EU member states – Austria, Belgium, Bulgaria, Croatia, Cyprus, the Czech Republic, Estonia, Germany, Greece, Spain, Finland, France, Italy, Latvia, Lithuania, Luxembourg, Portugal, Romania, Slovenia and Slovakia.…

COMPANIES and citizens defrauding European Union (EU) revenue collection (including
customs duties and cross-border VAT fraud) and spending programmes, may from 2020 face
direct criminal proceedings brought by a European Public Prosecutor (EPPO). The EU
Council of Ministers has approved establishing this new institution in 20 of the 28 EU
member states – Austria, Belgium, Bulgaria, Croatia, Cyprus, the Czech Republic, Estonia,
Germany, Greece, Spain, Finland, France, Italy, Latvia, Lithuania, Luxembourg, Portugal,
Romania, Slovenia and Slovakia.…

International police agency Interpol and its European Union (EU) counterpart Europol have
announced what they say is the biggest hit ever against online piracy with law enforcers
taking down more than 20,500 websites selling counterfeit goods seized in 26 countries.
Participating countries were Albania, Austria, Belgium, Bosnia & Herzegovina, Britain,
Colombia, Croatia, the Czech Republic, Denmark, France, Greece, Hungary, Iceland, Ireland,
Italy, Latvia, Moldova, Norway, Peru, Portugal, Romania, Serbia, Spain, Ukraine, the USA
and China special administrative region Hong Kong.…

MEAT and livestock producers in the European Union EU), especially smaller farmers, will be watching Brussels closely early next year, now that EU agriculture and rural development Commissioner Phil Hogan has promised to protect them against the market power of major retailers.…

EUROPEAN Union (EU) companies that put foods containing egg or chicken contaminated with the toxic insecticide fipronil on the market after 1 August 2017 will be considered liable as they should have known about the risk, the European Commission has told member states in the Commission’s Standing Committee on Plants, Animals, Food and Feed (PAFF) (Novel Food and Toxicological Safety of the Food Chain Section).…

VIETNAM’S textile and clothing and textile sector is looking to sell more product into Asian markets such as South Korea, Taiwan, Singapore and Japan, while solidifying its traditional export bases like the US and EU, the latest trade data indicates. 

Last year, Vietnam exported USD2.28 billion’s worth of clothing and textiles to South Korea – a 7.45% gain compared with 2015, according to Vietnam customs data analysed by the Vietnam Textile and Apparel Association (VITAS). …

GREECE is planning to make country-of-origin labelling on milk mandatory from 2018, Agriculture Minister Evangelos Apostolou said on 7 September. The labelling regulation bill will be discussed in the Greek parliament this week.

With this move, Greece joins a growing trend of European Union (EU) member states, notably France last year, to introduce these labelling rules for milk.…

A MAJOR international anti-counterfeiting action ‘Operation Renegade’ did not just seize more than 70,000 counterfeit auto spare parts, oil and air filters, grills, and fuel pumps, and nearly 600 cylinders of chlorofluorocarbon (CFC) refrigerants, it yielded valuable anti-smuggling and counterfeiting information.…