‘Haggling over paragraph 27’

Published on 20 December 2013 at 12:18

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At a European Council summit held in Brussels on December 19 and 20, Europe’s 28 heads of state and government once again discussed “the vexed question of taxation,” reports Luxemburger Wort. The daily reminds its readers that at a previous summit in May 2013, EU leaders had agreed to reinforce the European directive on the taxation of cross-border interests.

However, negotiations have yet to begin, because Luxembourg and Vienna are continuing to block any attempt to move forward while talks with third party states such as Liechtenstein, Andorra, San-Marino, Monaco and Switzerland have yet to be concluded.

On the evening of December 19, negotiations on paragraph 27 of the European Council’s conclusions — concerning the directive — were still ongoing, complains the newspaper. However, it points out —

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… participants at the summit succeeded in concluding an outline agreement on banking union [...]. At the same time, member states and the EU remain deeply divided over the future direction of the common security and defence policy.

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