selection

economic situation

This tag is associated with 4 posts

UK: Economic indicators and trade with EU

The UK withdrew from the European Union on 31 January 2020. From 1 February, it is a third country and therefore considered as such in this publication. The trade figures shown concern a period in which the UK was an EU Member State, whereas the future picture could vary significantly depending on the outcome of trade negotiations between the EU and the UK. Continue reading

Stronger administrative cooperation in the VAT field [EU Legislation in Progress]

Value added tax (VAT) is an important source of revenue for both national governments and the European budget and, from an economic point of view, a very efficient consumption tax. However, the rules governing intra-Community trade are 25 years old and the current common EU VAT system is vulnerable to fraud. Continue reading

Plenary round-up – Brussels, February II 2018

The session’s highlights included debates on the humanitarian situation in Syria, the outcome of the informal European Council, and activation of Article 7 (1) with regard to Poland. The European Commission also made statements on UN Human Rights Council sessions in 2018, the International Criminal Tribunal for former Yugoslavia, its former President Barroso’s lobbying activities, and removal of third countries from the EU list of non-cooperative jurisdictions for tax purposes. Among the votes held, Parliament agreed to set up a new special committee on tax questions (TAXE 3) and elected a new vice-president. Continue reading

Understanding the macroeconomic imbalance procedure: Origin, rationale and aims

Written by Christian Scheinert, Both the global financial crisis and the European sovereign debt crisis uncovered a high level of macroeconomic imbalances, which constituted major economic fault-lines, and led to the spread and acceleration of these crises. Imbalances had built up over years, sometimes decades, and correcting them proved to be a long and painful … Continue reading

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