The directive imposing a pan-EU 15 percent minimum effective corporate income tax on large companies, would, according to the European Commission, address tax challenges caused by digitalization and ensure that companies pay “their fair share of tax.”
Right before Christmas the EC presented a directive proposal targeting the profits of large multinational companies. The new rules propose imposing a minimum corporate income tax of 15% on large companies.
It is the summer of the second year of the COVID-19 panemic, and the European Union has generously opened its coffers to spend on post-pandemic recovery. Various governments of the EU are scrambling to put forward their best ideas to be funded by the new support scheme.
The European Commission has launched an initiative on the evaluation and revision of the general pharmaceutical legislation with an overall aim to ensure a future-proof and crisis-resistant regulatory system.
Whilst waiting on the political and governmental reforms of the EU, we should be aware of our contemporary situation and stay modest in small steps: only such small steps could keep us on track with optimism of our founding fathers, both of the EU and liberal democracy.
Addressing and diminishing barriers to the single market in the EU is a much welcome initiative. The initiatives to decrease bureaucracy, to step up efforts to comply with EU law, to evaluate the effects of new regulations on SMEs in impact assessments, and mutual recognition are important steps in promoting growth, free trade, and consumer rights.
As an accumulation of national interests, a treaty is a disbanding thing if Member States consider that their national interests are being harmed. Result: a disunion.
With electing the PiS government for the second time in a row, the hope for ending the crisis in the country ended. Any further delay of the ongoing processes from their further development in a hope that Poland shall return to the center of the political debate on the future of Europe seems futile.
The European Commission proposes an extension of price reporting for most agricultural products in all its variety for all economic actors of the value chain on weekly and monthly bases. According to the EC, this measure will address a lack of transparency and information asymmetry in the food supply chain.