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EU Proposes "Definitive" VAT Regime
February 03, 2016
While he downplayed comments that some interpreted as signaling a review of "zero rate" value added tax ("VAT") for certain products, including food and books, in the UK, European Commissioner for economics Pierre Moscovici announced that the Commission will seek to establish a "definitive" VAT regime across the EU.
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EU Issues Reports on Bulgarian, Romanian Judiciary
February 03, 2016
The European Commission has issued reports under the terms of its Cooperation and Verification Mechanism monitoring the effectiveness of measures seeking to counter corruption and to encourage the independence of the judiciary in Romania and Bulgaria.
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ECB Official Pushes Case for Centralized Banking Union
February 02, 2016
In recent remarks at the European Banking Institute in Frankfurt, Member of the Executive Board and Vice-Chair of the Supervisory Board of the European Central Bank ("ECB") Sabine Lautenschläger called for officials to harmonize and centralize European banking regulation and supervision with the aim of creating a European banking union.
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MEPs Call for "European Defence Union"
February 02, 2016
Members of the European Parliament ("MEPs") have passed a resolution calling for the establishment of a "European Defence Union" and an "EU civil-military headquarters" to prepare plans for collective defense.
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CoE Warns UK on Bill of Rights Process
February 02, 2016
Following a recent visit to Scotland, the Council of Europe's ("CoE") Commissioner for Human Rights Nils Muižnieks warned the UK that its process of developing a Bill of Rights to replace the country's Human Rights Act, which implements the European Convention on Human Rights in British law, is creating "an atmosphere of anxiety and concern" in the country.
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