• EU VAT reform, hit or miss

    EU VAT reform, hit or miss0

    On the 4th of October 2017, the EU released its proposals for the change of the value added tax (VAT) rules, which included key reforms for cross-border trade between businesses in Member States. The initiative promised to decrease the EU VAT gap, in other words, the difference between expected VAT revenues and actual member state collections. While broad questions remain about the new system, the EU is convinced that the VAT fraud is to be reduced by 80% by 2022 thanks to the proposed reform.

    READ MORE
  • Poland and the rule of law: financial sticks, political carrots?

    Poland and the rule of law: financial sticks, political carrots?0

    After much debate, the European Commission chose to initiate the infamous ‘Article 7 procedure’ against Poland in December 2017. As the name already implies, this procedure is established in article 7 of the Treaty of the European Union (TEU) and designed to be able to take action against member states that risk breaching EU values.

    READ MORE
  • The CMU initiative: Is a hard Brexit really an option?

    The CMU initiative: Is a hard Brexit really an option?0

    With Brexit approaching, the Capital Markets Union (CMU) initiative acquires greater importance for the EU financial system. Faced with the looming threat of losing its pivotal financial centre and the risks it will entail, the European Commission counts on the CMU to reinforce the EU financial market. At the same time, bilateral financial relationships are too close and intertwined to imagine that a hard Brexit will provoke no harm and negotiators, being aware of the risks, make their moves carefully.

    READ MORE

Latest Posts