April 2016

"La lettre B" l'essentiel de l'actualité économique et financière européenne décryptée

“La lettre B” N° 4 – April 2016

TAXATION

COMMISSION CONTINUES DRIVE TO STRENGTHEN CORPORATE TAXATION

The European Commission has adopted a proposal for a new corporate tax regime, continuing its drive for increased transparency and fairer taxation across the EU. Building on proposals to introduce information sharing between national tax authorities, the Commission wants multinationals operating in the EU with annual global revenues exceeding € 750 million to publish country-by-country information on where they make their profits and where they pay their tax in the EU. These rules would apply to both European and non-European multinationals active in Europe; companies would also be obliged to publish aggregate figures for total taxes paid outside the EU. Read More→

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TRANSPORTS

ACCORD OBTENU SUR LE QUATRIÈME PAQUET FERROVIAIRE… MAIS DES DOUTES PERSISTENT

Après de longues discussions, le Parlement européen et le Conseil sont parvenus à un accord sur le quatrième paquet ferroviaire le 19 avril 2016. L’objectif global de cette réforme est de garantir aux consommateurs un plus grand choix grâce à l’ouverture des marchés nationaux à la concurrence et à l’intégration de nouveaux modèles économiques. Consistant en six propositions législatives initialement présentées par la Commission européenne en 2013, le paquet devra, selon la Commission, rendre « plus innovants et plus compétitifs » les chemins de fer en Europe. Read More→

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SECURITY

COMMISSION PRESENTS REVISED ENTRY-EXIT SYSTEM PROPOSAL

On 6th April 2016, the European Commission presented its revised proposal for the establishment of an Entry-Exit System (EES) as part of the broader Smart Borders Package, which concerns the role of information systems in enhancing external border management, internal security and the fight against terrorism and organised crime. The Commission believes that the system will ensure that authorised short-stays for third country nationals are managed efficiently while increasing automation at border-controls and improving the detection of document and identity fraud.

The system will apply to all non-EU citizens who are admitted for a short stay in the Schengen area (maximum 90 days in any 180-day period) and will register names, types of travel document, biometrics and the date and place of entry and exit. The aim is to facilitate the border crossing of bona fide travellers, detect overstayers and identify undocumented persons in the Schengen area. Refusals of entry will also be recorded. Read More→

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ENVIRONMENT

AMBITIOUS EU ARCTIC PLAN BUILDS ON ENTHUSIASM FOR CLIMATE CHANGE ACTION

The High Representative for Foreign Affairs and Security Policy and the European Commission have adopted a policy proposal aiming to guide the actions of the European Union in the Arctic region. Although the EU has no direct coastline with the Arctic Ocean, it is inextricably linked to the region in terms of history, economy, trade and geography. Indeed, three EU Member States – Denmark, Sweden and Finland – are also Arctic States; moreover, the EU has close, strategic relations with various other Arctic States including Iceland, Norway, Canada and the United States. Climate change and high levels of human activity in the region mean that work to protect the Arctic high seas is becoming increasingly necessary; as the Arctic high seas fall outside of any national jurisdictions, they are considered a global responsibility. Read More→

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