Monday

13th Jul 2020

Ticker

EU anti-trust chief goes after Belgian tax breaks

The European Commission is opening new probes into whether Belgium gave undue tax breaks to 39 multinational firms, including brewery Anheuser-Busch Inbev and British American Tobacco. "We're concerned that the Belgian ... system granted substantial tax reductions only to certain multinational companies," the commission's anti-trust tsar, Danish politician Margrethe Vestager said, amid efforts to secure another five years office. The EU court earlier overturned commission accusations against Belgium.

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Agenda

EU 'in-person' summit plus key data privacy ruling This WEEK

EU leaders will meet in Brussels on Friday and Saturday to discuss in person the EU's long-term budget and recovery plan to respond to the crisis. Meanwhile, the future of the EU-US Privacy Shield might depend on this week's ruling.

Michel lays out compromise budget plan for summit

Ahead of expected tense discussions next weekend among EU leaders, European Council president Charles Michel tries to find common ground: the recovery package's size, and grants, would stay - but controls would be tougher.

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