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9 Aug 16
Spain and Portugal have escaped fines for breaking European Union deficit rules, the European Council have confirmed.
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8 Aug 16
Tougher international tax laws around foreign trusts have been proposed in New Zealand in line with recommendations made in an inquiry set up in response to the Panama Papers.
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4 Aug 16
The European Union has hit Chinese and Russian steel producers with anti-dumping tariffs, including retroactive levies on imports registered before February.
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3 Aug 16
Economic growth next year will be lower than expected, due largely to the UK’s decision to leave the European Union, according to the National Institute of Economic and Social Research.
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1 Aug 16
From today, Greece will ease stringent capital controls in the hope of luring back some of the cash pulled from Greek banks at the height of last year’s crisis.
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29 Jul 16
Growth across the eurozone has slowed in the second quarter of 2016, according to figures released today.
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27 Jul 16
The European Commission has called for fines mooted against Spain and Portugal for excessive deficits to be cancelled and new fiscal goals to be set.
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25 Jul 16
The European Commission has ordered Spain to recover illegal state aid it granted to a state-owned railway operator for the construction of a high speed train testing centre.
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22 Jul 16
The European Central Bank is holding out on a decision to take further measures to boost growth in the eurozone until the impact of the UK’s Brexit vote is clearer.
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21 Jul 16
The European Commission’s lax supervision over the biofuels used by member states risks undermining the European Union’s 2020 targets on renewable transport energy, the European Court of Auditors has...
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20 Jul 16
The Consultative Advisory Group of the International Public Sector Accounting Standards Board held its inaugural meeting today in Toronto, Canada.
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13 Jul 16
Public procurement by the European Union is mired in red tape and efforts should be made to help businesses identify contracting opportunities and submit tenders, auditors have said.
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12 Jul 16
Italy’s economy may not recover from the 2008 financial crash until the mid-2020s, suggesting two decades’ worth of growth will be lost, the International Monetary Fund has said.
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12 Jul 16
A controversial bill forcing NGOs in Israel to disclose details of their overseas funding was passed in to law yesterday despite international condemnation.
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8 Jul 16
The International Monetary Fund has cut its growth forecasts for the euro area in the wake of the UK’s vote to leave the European Union.
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8 Jul 16
The post-Brexit crash in the value of the pound could cost developing countries up to $4bn in aid, trade and remittances, the UK’s Overseas Development Institute has concluded.
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8 Jul 16
The European Commission has triggered sanctions procedures against Spain and Portugal after ruling the two nations failed to do enough to bring their budget deficits within European Union limits.
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7 Jul 16
The German finance minister Wolfgang Schäuble yesterday warned against an EU-wide “race to the bottom” on tax.
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7 Jul 16
The British electorate’s decision to leave the European Union will test the UK’s institutional stability, policymaking and delivery. CIPFA stands ready to help
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7 Jul 16
European Union loans, guarantees and equity investments to member states are costly and often poorly implemented, the European Court of Auditors has concluded.
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6 Jul 16
The European Commission has announced plans for further measures to clamp down on tax avoidance and secretive companies in response to the publication of the Panama Papers.
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5 Jul 16
European Union governments will be able to ratify a new trade deal between the EU and Canada in their national parliaments after the European Commission bowed to pressure and scrapped plans to fast-...
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4 Jul 16
European Union aid for refugees in Africa may be “too expensive”, according to a report from the European Court of Auditors.
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1 Jul 16
Brexit has put South Africa at higher risk of recession and is likely to trigger a downgrade in the country’s credit rating, intelligence group EXX Africa has concluded.
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1 Jul 16
Security, the refugee crisis and growth are the key priorities of the European Commission’s €134.9bn draft budget for 2017, presented to the European Parliament yesterday.