Attracting investment by granting tax benefits is illegal in the EU

The European Commission’s ruling that Apple should pay Ireland EUR 13 billion in taxes has reignited the discussion of how much tax large companies should pay. The members of the European Parliament are still demanding a transparent corporate taxation system and a better coordination among EU countries to ensure effective taxation where profits are generated.

New EP-resolution: a significant step against unfair trading practices

The Hungarian food chain inspection authority (“NÉBIH” in Hungarian) welcomes the new resolution on unfair trading practices in the food supply chain, recently adopted by the European Parliament. The unfair trading practices (like payment delay, restricted access to the market, unilateral or retroactive changes to contract terms, etc.) represent a serious problem in the sector, in particular in the food supply chain.

New system to combat customs fraud in the EU

As of 1 September 2016, customs investigators in the European Union will be able to use new electronic tools to combat customs fraud (e.g. the misdeclaration of product origin, undervaluation or misdescription of goods at import) more efficiently.