Monday

17th Dec 2018

Ticker

EU to unveil 3% tax on digital giants

The EU Commission will present plans on Wednesday for hitting digital companies such as Google and Facebook, who reap significant revenues in Europe while paying little tax, with a tax of around three percent. It would apply to companies with taxable revenues above €50m on services offered in the EU. Unanimous approval from all 28 EU countries is required, meaning one dissenting country, for example Ireland, could block it.

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Opinion

Fiscal discipline rules in eurozone are devastating

New rules are needed that do not place the heaviest burdens on a few countries, but ensure that all countries benefit from the euro. Avoiding imbalances in trade between countries can do this.

Interview

Bulgarian 'EU passports' whistleblower wants justice

Katya Mateva, a former director in Bulgaria's ministry of justice turned whistleblower, says high-ranking politicians behind a scam leading to Bulgarian citizenship are likely to go unpunished.

No more Brexit talks, despite May's pleas

EU leaders said they can do no more than reassure the UK they do not want to trap it over Ireland, but May might need more than that to get the Brexit deal through parliament.

EU leaders stuck on asylum reform

Migration was overshadowed by Brexit at the EU summit, with leaders stuck on key legislation. Some warned that free movement could be at risk.

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