Articles

  • 4 days ago | bloomberg.com | Saim Saeed |Ewa Krukowska

    Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European Union. A nationalist candidate backed by President Donald Trump won Poland’s presidential election, defeating the centrist mayor of Warsaw in a blow to the the country’s current government. Karol Nawrocki, a historian and former boxer who has made clear his core Catholic values while railing against migration and the EU’s efforts to fight climate change, took 51% of the vote.

  • 1 week ago | news.bloombergtax.com | Saim Saeed

    The European Commission will recommend eliminating tax hurdles for remote workers in startups in a bid to make the bloc more business-friendly. In a so-called Startup and Scaleup Strategy published Wednesday, the commission said it will publish a non-binding proposal next year meant to incentivize startup employees working remotely.

  • 1 week ago | news.bloombergtax.com | Saim Saeed

    Businesses welcome a plan being considered by EU countries to battle shell companies through existing law rather than a separate bill, but warn about increased complexity and administrative burdens. EU countries tentatively support folding certain provisions of the so-called Unshell bill into a law aimed at identifying aggressive cross-border tax planning, known as DAC6. But with the DAC6 law itself under fire from businesses and tax practitioners, countries want to see the fine print first.

  • 1 week ago | news.bloombergtax.com | Saim Saeed

    The American Chamber of Commerce to the EU urged the bloc Wednesday to “pursue the quick resolution” of transatlantic differences related to the global minimum tax. Resolving issues related to the tax would “minimise uncertainty for the numerous European and American businesses operating across the Atlantic and maximise Europe’s growth during this period,” trade group CEO Malte Lohan said in a letter to the EU’s tax chief, Wopke Hoekstra.

  • 1 week ago | news.bloomberglaw.com | Saim Saeed

    EU countries backed a Polish proposal to largely reject a European Commission bill to tackle shell companies for tax purposes, according to people familiar with the matter. Instead, the countries asked the commission to revise an existing law that enables EU tax authorities to share information on potentially harmful practices.

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