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EU fights tax evasion

EU fights tax evasion

Legal loopholes, tax dodges, and secretive banking practices in Austria and Luxembourg are costing the Eurozone approximately €1 trillion in lost tax revenue every year. Now EU leaders are pledging to crack down. The European Parliament issued a resolution on 21 May urging the EU to halve annual losses by 2020. Officials from across the […]

Latvia: irregular accounting

Latvia: irregular accounting

The European Commission (EC) is temporarily withholding European Union structural fund payments to Latvia due to what it described as “lax monitoring” of the country’s budget processes. The Commission justified its decision to hold back €259 million earmarked for development projects in Latvia as a warning that the government must improve its monitoring of how […]

It Should Have Been Tony

The recent creation of a permanent President of the European Council could and should have been a monumental step towards further, more meaningful European integration. But it’s not likely. The appointment of Herman Van Rompuy as president is an act of appeasement and frankly, incompetence. Whatever Van Rompuy’s political skills, the presidency will likely tumble […]

Toward the Supra-National

With Ireland’s recent ratification of the Lisbon Treaty via referendum, and the Czech Republic’s subsequent approval, the document designed to reorder some of the core structures of the European Union comes into effect on Dec. 1. The new document makes some significant changes that most feel will strengthen the ability of the EU to operate […]

A New EU Presidency: The First Sets the Mold

Whoever steps into Europe’s new top job as President of the European Council will set the mold. If it is someone of worldwide renown, the presidency will immediately be established as a post of global importance. But if its first occupant is not a household name, the presidency will be doomed as just another of […]

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