EU Lawmakers Approve US Trade Deal Ahead of Trump Deadline (2) (06/16/2026)
The European Union’s US trade deal is close to being implemented after the bloc’s lawmakers gave their final approval, forging ahead despite ongoing transatlantic trade tensions.
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OECD Opens Consultation to Refine Digital Platform Reporting
The OECD is consulting on amendments to its model reporting rules for digital platforms to reduce compliance burdens for gig and sharing economy operators. Key proposals include raising the low-value seller exclusion threshold to €3,000, exempting certain intragroup platform arrangements, and explicitly excluding pure payment processors from reporting obligations.
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Why Squeezing Big Business Harder Won’t Close the UK Tax Gap (06/15/2026)
If the UK government is serious about closing the tax gap, it can’t do so by repeatedly squeezing the same companies. There is a more effective path. And it runs through AI.
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Macron Brushes Off Trump’s 100% Tariff Threat on French Wine (1)
French President Emmanuel Macron refused to drop the country’s digital tax after Donald Trump threatened new tariffs on wine, setting the stage for a confrontation when the two leaders meet at the Group of Seven summit in Evian.
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EU to Cut Tax Reporting for Big Multinationals in Overhaul (06/15/2026)
The European Commission will propose exempting large multinationals subject to the EU’s 15% corporate minimum tax law from reporting on their cross-border tax arrangements.
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EU Countries Split on Budget Flexibility to Counter Energy Shock
The European Commission proposed allowing EU member states to redirect a portion of their defense-related national escape clause budget flexibility toward energy support measures. Several member states and the European Fiscal Board oppose the move, warning it could compromise the credibility of the EU fiscal framework and crowd out necessary military spending.
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EU Reaches ‘General Approach’ on CBAM
The EU Economic and Financial Affairs Council reached a general approach to extend the carbon border adjustment mechanism (CBAM) to downstream steel and aluminum products. While a consensus was achieved to begin negotiations with the European Parliament, several smaller and island member states abstained or dissented over inflationary concerns and the rigid criteria of the emergency suspension clause.
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