EUbusiness Week 750 top stories: Britain votes to leave the European Union; EU agrees deal to clamp down on corporate tax avoidance; EU maps out closer relationship with China; New EU rules to promote high-quality audits in force; MEPs vote in new rules on property settlement in divorces; EU agri-food trade balance hits record levels
Publisher’s Note
It is with a heavy heart and not a little shame that I report victory for the ‘yes’ vote in the UK referendum. As Nigel Farage, leader of the UK Independence Party declares ‘independence day’, it is difficult not to see this as a victory for isolationism, insularity and bigotry. Far-right parties hail the vote as an opportunity, with the likes of Marine Le Pen of France and Geert Wilders of the Netherlands eager for their own referendum on EU exit.
What happens now? Few people really know. David Cameron has resigned, and the forces of hate and division are likely to gain influence and power. EU leaders will note the strength of feeling, in the UK and from other European eurosceptic parties, and may be open to a push for EU reform. But it may not be enough to halt the march of the far right across Europe. Have a good weekend.
Regards,
Nick Prag
Publisher, EUbusiness
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1. Britain votes to leave the European Union
In an historic vote, voters in Britain voted to leave the European Union. 52% voted to leave, 48% to remain. While England and Wales voted for Brexit, Scotland, Northern Ireland and London backed staying in the EU.
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2. EU agrees deal to clamp down on corporate tax avoidance
EU Member States agreed far-reaching new rules Tuesday to clamp down on the most common tax avoidance practices used by multinational companies.
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3. EU maps out closer relationship with China
The EU adopted Wednesday a Communication entitled ‘Elements for a new EU strategy on China’, which maps out the EU’s relationship with China for the next five years.
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4. New EU rules to promote high-quality audits in force
New EU statutory audit rules are now in force, with the aim of enhancing investor trust in companies’ financial information and boosting confidence in Europe’s financial sector.
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5. MEPs vote in new rules on property settlement in divorces
MEPs have approved rules for deciding which country’s courts should settle property disputes in divorce or death cases involving international couples or registered partnerships.
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6. EU agri-food trade balance hits record levels
The EU agri-food trade balance stood at a record EUR 1.5 bn in April compared to EUR 1 bn a year earlier, the Commission announced Monday in its latest monthly statistical report.
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EUROPEAN LAW
Single language invoices: the obligation to draw up cross-border invoices exclusively in a particular language, failing which they are null and void, infringes EU law, the European Court of Justice ruled on Wednesday.
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Latest news from the European Court of Justice
EU law firms
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Inside the EU Institutions
Council Watch
European Border and Coast Guard – Corporate tax avoidance – EU and Montenegro – circular economy – Paris Agreement – Middle East Peace – the Sahel – plan for the Arctic – Human rights and democracy in the world – food and nutrition security – child labour – child labour – Banking Union
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Council …
Commission Watch
New EU strategy on China – European Border and Coast Guard – coalition of cities committed to fighting climate change – judgement of German Constitutional Court – Anti Tax Avoidance Package – tax avoidance
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Commission …
Parliament Watch
European travel document – 2020 energy targets – property in international divorces – bank secrecy in Monaco – Common Fisheries Policy – ‘Panama Papers’ inquiry – radicalisation – tax haven black list
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EU diary
27 Jun: European Parliament Committee Meetings
27-28 Jun: InnoGrid2020+ �Digital Energy� Conference
27-28 Jun: Agriculture and Fisheries Council
28-29 Jun: European Council
28 Jun: Professional qualifications safe in motion
29-30 Jun: Digitalisation of cultural heritage
30 Jun: European Parliament Committee Meetings
30 Jun – 1 Jul: Commission meets new Slovak EU Presidency
The Week Ahead
Long-term diary
RESOURCES
EU Law Firms
Summaries of EU Legislation
EU Decision-Making
Treaties of the European Union
Key EU Legal Terms
Other news on EUbusiness this week
EU confirms European Border & Coast Guard agreement 23-Jun
MEPs step up fight against tax evasion and tax havens 23-Jun
EU sends ‘clear message’ on climate change 21-Jun
MEPs back external border check for all EU citizens 21-Jun
Migration issues dominate EU foreign affairs council 21-Jun
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Education Economist, European Investment Bank
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Press
Window covering cords can KILL
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Council Conclusions provide blueprint for advancing European collaboration on AMR
EU states commit to ending wildlife crime, but critical measures missing
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Guides
Elements for a new EU strategy on China
Why would you drive off a cliff unless you had to? – UK business comments
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Events
27 Jun, Bruges: European Training Centre for Railways Summer Course
7 Jul: State of Play of the European Public Prosecutor’s Office
26 Jul, Lisbon: E-Business & Telecommunications – ICETE 2016
23 Nov, Amsterdam: 15th annual Benelux Infrastructure Forum
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Publications
European law relating to access to justice – Handbook
What do Europeans do at work? A task-based analysis
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