Greenwashing: how EU firms can validate their green claims ?

The Internal Market and Environment committees adopted on Wednesday their position on the rules on how firms can validate their environmental marketing claims.In a few words The so-called green claims directive complements the already-approved EU ban on greenwashing. It defines what kind of information companies have to provide to justify their environmental marketing claims in the future. It also creates a framework and deadlines for...

Deal on EU economic governance reform

​EU co-legislators on Saturday provisionally agreed a revamp of EU economic governance making it clearer, investment friendly, more tailored to each country’s situation, and more flexible. Esther De Lange (EPP,NL) said, “ A new economic governance framework was much needed. We have taken our responsibility by ensuring that the new fiscal rules are sound and credible, while also allowing room for necessary investments.” Margarida Marques...

AI Ethics: 8 global tech companies commit to apply to UNESCO’s Recommendation

GSMA, INNIT, Lenovo Group, LG AI Research, Mastercard, Microsoft, Salesforce and Telefonica signed a ground-breaking agreement to build more ethical AI. The companies will integrate the values and principles of UNESCO’s Recommendation on the Ethics of AI when designing and deploying AI systems Download the companies’ letter of commitment: linkRecommendation UNESCO’s Recommendation on the Ethics of Artificial Intelligence was the world's first, and remains...

Deal on strengthening consumers’ right to repair

EU negotiators reached a provisional deal on a bill that aims to reduce waste and bolster the repair sector by making product repairs more accessible and cost-effective. Parliament and Council reached a political agreement on a stronger “right to repair” for consumers. The agreed rules clarify the obligations for manufacturers and encourage consumers to extend a product’s lifecycle through repairBackground The agreement on the right...

Fundamental rights report finds threats to key freedoms, equality and dignity

> Key issues include media freedom, corruption, and individual liberties> EU needs to safeguard rights of women, children, LGBTIQ+, other vulnerable persons> Specific recommendations for Hungary, Poland, Greece, Cyprus, and Spain MEPs looked into the state of citizens’ rights in the EU in 2022 and 2023, identifying an array of concerns across the member states. The report on the state of fundamental rights in the...

Deal on a single rulebook against money laundering and terrorist financing

​On Thursday, MEPs finalised a deal with the Council on new measures to beef up an EU toolkit to fight money laundering, terrorist financing and sanctions evasion.The deal needs to be formally adopted by Parliament and Council before it can come into force.in a few words> Uniform EU supervision and consistent application of rules and sanctions> Information on beneficial owners to be accessible> More powers...

EU personal data flows : 11 more third countries and territories admitted

Commission finds that EU personal data flows can continue with 11 third countries and territories. This 15 january. 2024, the European Commission successfully concluded its review of 11 existing adequacy decisions. These decisions had been adopted under the EU data protection legislation that preceded the General Data Protection Regulation (GDPR). The adequacy decisions have laid the foundation for cooperation and convergence between the...

Taxonomy Disclosures Delegated Act : a guidance document

The Commission adopted a guidance document, addressing frequently asked questions on the interpretation and implementation of the Taxonomy Disclosures Delegated Act It will help the financial market participants concerned prepare their first mandatory reporting exercise in 2024. By further increasing the usability of the sustainable finance framework, it helps companies on their transition journey. There is no trade-off between competitiveness and sustainability: the financial sector,...

Tax Administration 2023 Comparative Information

This report is the eleventh edition of the OECD's Tax Administration Series. It provides internationally comparative data on aspects of tax systems and their administration in 58 advanced and emerging economies.OCDE (2023), Tax Administration 2023 : Comparative Information on OECD and other Advanced and Emerging Economies, Éditions OCDE, Paris, https://doi.org/10.1787/900b6382-en. Télécharger vers: EndNote, Zotero, BibTeX, RefWorks, Procite, Import into RefWorks, MendeleyUtilityThe report is intended...

An overview of the carbon pricing landscape !

​Successfully transitioning to net-zero greenhouse gas (GHG) emissions requires effective mitigation policy packages, which include carbon pricing measures: a cost-effective policy instrument that not only reduces emissions but also generates revenue to support the transition. ​OECD (2023), Effective Carbon Rates 2023: Pricing Greenhouse Gas Emissions through Taxes and Emissions Trading, OECD Series on Carbon Pricing and Energy Taxation, OECD Publishing, Paris, https://doi.org/10.1787/b84d5b36-en.​ This fourth...

Artificial Intelligence Act: deal on comprehensive rules for trustworthy AI -

​MEPs reached a political deal with the Council on a bill to ensure AI in Europe is safe, respects fundamental rights and democracy, while businesses can thrive and expand. Commission welcomes political agreement on Artificial Intelligence Act. On Friday, Parliament and Council negotiators reached a provisional agreement on the Artificial Intelligence Act. This regulation aims to ensure that fundamental rights, democracy, the rule...

Dividend Tax Fraud : raising awareness of dividend stripping schemes

Dividend stripping is a type of fraud that is committed through a complex mechanism of trading, selling and repurchasing shares over a certain period to unlawfully avoid payment of dividend taxes, or to claim unjustified tax reimbursements. ​Dividend stripping in its many forms poses a great challenge to the tax bases of numerous jurisdictions and may create market distortions that corrode the integrity of the...

Digital products’ security : cyber resilience act

​On 1 december night, MEPs reached a deal with the Presidency of the Council on new cyber resilience rules to protect all digital products in the EU from cyber threats.​In a few words> More robust cybersecurity for all products with digital elements> Covers everyday products, such as connected doorbells, baby monitors and Wi-Fi routers> Security updates to be applied automatically when technically feasibleExplanations...

Significant fall in tax levels in OECD countries - the tax-to-GDP ratio in Belgium decreased by 0.1 percentage point from 42.5% in 2021 to 42.4% in 2022.

High energy prices triggered by Russia’s war of aggression against Ukraine prompted governments to reduce excise taxes during 2022, leading to lower tax levels in many countries, according to new OECD analysis. Revenue Statistics 2023 shows that the average tax-to-GDP ratio in the OECD fell by 0.15 percentage points (p.p.) in 2022, to 34.0%. This was only the third such decline since the Global Financial...

Strengthen EU competitiveness

Commission sets out key priorities in the European Semester for the year ahead to strengthen EU competitiveness Today, 21 november 2023, the Commission has launched the 2024 European Semester cycle of economic policy coordination. The Autumn package draws on the Autumn 2023 Economic Forecast which showed that the EU economy continues to be resilient in the face of the multiple shocks endured in recent...