IMF managing director Christine Lagarde has described the approach to the Greek crisis as a “two legged” approach. Photograph: Stephen Jaffe/EPA

Discussions on new debt relief measures for Greece will commence as early as next Thursday, as the eurogroup of finance ministers agreed to endorse a (...)

European Commissioner in charge of economic and financial affairs Pierre Moscovici. Photograph: Olivier Hoslet/EPA

Major changes to the way multinationals report their activities in the European Union are to be proposed on Tuesday when the European Commission unve(...)

European commissioner in charge of economic and financial affairs, Pierre Moscovici, presents the Vat plan in Brussels Photograph: EPA

EU states will have more powers to set sales tax rates, the European Commission said on Thursday, presenting a broad reform of Value Added Tax rules w(...)

European Union Economics Commissioner Pierre Moscovici told French radio RTL that the EU had to put a stop to the way companies pay little or no tax in the countries in which they operate, by using subsidiaries in other countries set up specifically for tax reasons.(Photograph: David Sleator/The Irish Times)

Multinational companies must pay taxes where they earn profits and stop using aggressive tax optimisation schemes, the European Union’s Economics Com(...)

The European Commission warned that governments, already strapped for cash, could hurt revenues by yielding to pressure to cut VAT

The EU might hand back powers to cut some VAT sales tax rates, a draft plan seen by Reuters shows, a move especially resonant for Britain, where comp(...)

EU economics commissioner Pierre Moscovici welcomed the agreement as “another major step forward towards enhancing transparency on tax matters. “

The European Union has endorsed new rules obliging large companies to disclose tax-related information on a country-by-country basis. It is the latest(...)

Europan Commission

As governments sign up to tighter rules on cross-border taxation practices at OECD level, there has also been an increased focus on multinational tax(...)

Mário Centeno, Portugal’s finance minister, said Lisbon had agreed to table the extra deficit-reduction measures requested by Brussels, but added that he was ‘certain they will not be needed’. Photograph: Hugo Correia/Reuters.

An agreement by Portugal’s new Socialist government to draw up “Plan B” deficit cuts to ensure its “anti-austerity” budget complies with EU rules has (...)

Ireland was one of the few EU economies to see its forecasts unchanged since November

Ireland has retained its status as the European Union’s fastest-growing economy, according to European Commission forecasts published this morning. T(...)

The European Commission has outlined proposals to tackle large scale corporate tax avoidance by multinational companies. The initiative follows measur(...)