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The European Union has welcomed the entry into force of the WTO Trade Facilitation Agreement, which aims to modernize and simplify customs and border procedures. Read Full Story
It still remains uncertain as to how Italy's additional 2017 fiscal adjustment required by the European Commission will be funded, but a major part could involve cuts to individual income tax deductions. Read Full Story
On February 21, 2017, the European Council reached a compromise on a new Directive aimed at closing down hybrid mismatches between EU tax systems and those of non-EU countries. Read Full Story
Apple has claimed that the European Commission erred in its interpretation of Irish law and violated the principle of legal certainty in ordering the recovery of alleged illegal state aid granted to Apple. Read Full Story
Ex-premier Matteo Renzi's Democratic Party has refused to support hikes to excise taxes that are being proposed as a major element in Italy's additional 2017 fiscal adjustment, required by the European Commission. Read Full Story
Canadian Prime Minister Justin Trudeau has welcomed the European Parliament's decision to ratify the Comprehensive Economic and Trade Agreement, and described the deal as "a complete action plan to ensure economic and responsible cooperation between countries." Read Full Story
The European Commission has referred Greece to the Court of Justice in a case concerning the reduced rate of excise duty it applies to the alcoholic spirits Tsipouro and Tsikoudià. Read Full Story
Irish Finance Minister Michael Noonan has criticized the EU's proposals for a common consolidated corporate tax base and public country-by-country reporting as "against the BEPS consensus." Read Full Story
The European Union and Japan have said that they are committed to the early conclusion of free trade negotiations. Read Full Story
Greece needs to overhaul its tax system as part of the solution to the country's economic woes, the International Monetary Fund said in its annual Article IV report for the country. Read Full Story
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