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Observers Criticize New EU Role as "Tax Police"
October 22, 2014
An article in The Wall Street Journal describes concerns from European businesses over the European Commission's investigation of tax deals between EU member states and companies, thus potentially taking new territory from national governments and creating legal uncertainties for businesses.
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EU Authority Issues Warning on Banker Bonus Caps
October 22, 2014
Following its investigation of "allowances" that institutions have used to compensate executives without running afoul of recently passed bonus caps for banks in the EU, the European Banking Authority has called on EU authorities to demand that these allowances are consistent with the banker bonus legislation.
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EU Calls for Draft Budgets from Member States
October 22, 2014
Based on EU legislation passed in the wake of the recent financial crisis, the European Commission called on EU member countries to submit their draft budgets last week in order for the Commission to request revisions by the end of October.
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EU Commission President Criticizes U.K. Immigration Plans
October 22, 2014
President of the European Commission Jose Barroso has called U.K. Prime Minister David Cameron's plans to limit the number of immigrants coming to Britain from the EU contrary to the "essential" principle of freedom of movement in the economic bloc.
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EU Referendum Bill Clears Hurdle in U.K. House of Commons
October 22, 2014
Buoyed by calls from British Foreign Secretary Phillip Hammond for substantial reforms of the EU, which he said has transformed into a "putative superstate," the bill to hold a referendum on EU membership passed its second reading in the British House of Commons.
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