Public confusion, or Some things you should know about the latest version of the EU’s public CBCR pr
When I say latest version, I mean the ‘compromise text’ of 22 June that Malta has submitted to the other 27 Member States governments, as it comes to the end of its ‘Presidency’ of the Council of the EU. This should not be confused with the report that emerged just a few days before from the European Parliament – although there are some overlaps. Both are essentially revisions of the originally proposed Directive that was published by the European Commission back in April last year, and neither one necessarily represents a final position of the respective institution. Fully understanding the legislative process and the technical content of this initiative can present some challenges. Below
In this world of tax uncertainty it’s no surprise that the EU FTT – or Financial Transaction Tax - is keeping us guessing whether it will or won’t happen. An announcement that there was sufficient political support was generally expected during last week’s EU Finance Ministers’ top. But nothing happened. Not even a formal announcement that nothing had happened. Greece debt and Brexit It seems that the reason is uncertainty (there you have it again) arising from the Greek debt crisis and Brexit. At least that’s what French Finance Minister Le Maire is reported as having said at the time. One might speculate what role the Greek debt crisis plays in all this but the Brexit factor is an obvious
