A new EU-wide public poll on the perception of the illicit tobacco trade reveals that cigarette smuggling continues to be a major concern for EU citizens. The findings of today’s poll seek to help Member States better target related awareness-raising campaigns to lower demand for illegal tobacco.
The European Securities and Markets Authority (ESMA) has today issued two sets of guidelines regarding the stress testing of money market funds and reporting on money market funds to national competent authorities (NCAs), aimed at ensuring a coherent application of the Money Market Fund (MMF) Regulation.
Overall, the European Parliament, Council and Commission have put in place adequate ethical frameworks, according to a new report from the European Court of Auditors. But the auditors also identified certain areas where the coverage, specificity, clarity and level of guidance could be improved and harmonised, as well as examples of best practice. In addition, staff awareness and perception of the ethical framework and culture should be strengthened, say the auditors.
At the end of the first quarter of 2019, the government debt to GDP ratio in the euro area (EA19) stood at 85.9%, compared with 85.1% at the end of the fourth quarter of 2018. In the EU28, the ratio increased from 80.0% to 80.7%. However, compared with the first quarter of 2018, the government debt to GDP ratio fell in both the euro area (from 87.1% to 85.9%) and the EU28 (from 81.6% to 80.7%).
Given the sensitivities of qualified majority voting (QMV) in tax matters, the European Economic and Social Committee (EESC) supports the European Commission’s ambition to kick-start a debate on how to reform decision-making in EU tax policy.
An organised crime group involved in extended online fraud and money laundering in several European countries was targeted by the Irish and Finish national authorities with Eurojust’s support.
The European Banking Authority (EBA) published today the findings of its analysis on the regulatory framework applicable to FinTech firms when accessing the market. The Report illustrates the developments on the regulatory perimeter across the EU, the regulatory status of FinTech firms, and the approaches followed by competent authorities when granting authorisation for banking and payment services.
A pilot project has been set up to allow taxable persons to obtain advance rulings on the VAT treatment of complex cross-border transactions. Several Member States are participating in this project, set up by the EU VAT Forum. Taxable persons envisaging cross-border transactions between two or more of the participating Member States can request for such a ruling with regard to the VAT treatment of the transactions they foresee.
Update: the European Parliament published the ‘At a Glance: Plenary round-up – Strasbourg, July II 2019’ and the Plenary Highlights.
On 16 July, there will be a statement by the candidate for President of the Commission followed by a debate, and Council and Commission statements on the review of the Romanian Presidency. The election of the President of the Commission will also take place.
On 17 July, there will be Council and Commission statements on the presentation of the activities of the Finnish Presidency, followed by a vote on the numerical strength of the interparliamentary delegations, and an announcement of appointments to interparliamentary delegations. There will also be Council and Commission statements on the clean air zones in EU cities.
Update – the outcome of the Council Meeting is now available.
Agenda items include a debate on the state of play on own resources, an exchange of views on the presentation of the Presidency Work Programme, adoption of the Council Recommendation on the appointment of the President of the European Central Bank, adoption of the Country-Specific Recommendations for the European Semester, and information from the Netherlands delegation on aviation taxation and carbon pricing.