4,244 research outputs found

    Opting for opting in? : an evaluation of the European Commission’s proposals for reforming VAT on financial services

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    This paper provides a legal and economic analysis of the European Commission’s recent proposals for reforming the application of VAT to financial services, with particular focus on their “third pillar”, under which firms would be allowed to opt-into taxation on exempt insurance and financial services. From a legal perspective, we show that the proposals’ “first and second pillar” would give rise to considerable interpretative and qualification problems, resulting in as much complexity and legal uncertainty as the current regime. Equally, an option to tax could potentially follow significantly different legal designs, which would give rise to discrepancies in the application of the option amongst Member States. On the economic side, we show that quite generally, when firms cannot coordinate their behaviour, they have an individual incentive to opt-in on business-to-business (B2B) transactions, but not on business-to-consumer (B2C) transactions. We also show that opting in eliminates the cost disadvantage that EU financial services firms face in competing with foreign firms for B2B sales. But, these results do not hold if firms can coordinate their behaviour. An estimate of the upper bound on the amount of tax revenue that might be lost from allowing opting-in is provided for a number of EU countries

    The future of work: Disciplined useful activity

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    Purpose The purpose of this paper is to draw attention to the importance of the current global ecological overload (GEO) for the future of work in the twenty-first century and to propose a new understanding of what work is. Design/methodology/approach To achieve this purpose, the author uses qualitative methods to assess what is likely and what is possible. The author presents three broad-brush future scenarios, dubbed chaos, muddle and wisdom. The approach adopted depends on two basic normative principles, named Liveable Global Habitat and Necessities as of Right. Findings The neoliberal commitment to economic growth is a driver for GEO. A liveable future requires a decisive turn away from neoliberal values. As part of this, the author proposes a new understanding of work, disciplined useful activity, which differs radically from the current understanding. “Useful” means contributing to two basic principles: to maintain and enhance a civilised human society and a liveable global habitat for a rich variety of species; and to accord to all people, as of right, in practice and not merely in name, the basic necessities of a civilised life. Social implications AI and robots will probably continue to replace today’s kinds of human employment. But this need not render any humans unemployed, whose work (in the new sense) will be wanted in, for two examples, caring (including self-care) and participatory democracy. Originality/value This paper offers a contribution to the resolution of the current and anticipated problems of GEO and of disruptive technologies

    THE EUROPEAN UNION AND THE ARCTIC REGION - Communication from the Commission to the Parliament and Council

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    EU Arctic Policy. EU Commission communication, 200

    European Community Responses to the ‘Problem of World Hunger’: Food Aid, Food Security, Food Strategies and All That

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    SUMMARY The problem of ‘world hunger’ as it is conventionally understood in fact involves a number of related problems. A weakness of the North's response is its failure to recognise interrelationships between these problems, which often fall within the portfolios of different agencies. The EEC's agricultural production and trade policies, for example, have a major impact on the Third World food situation, but are normally regarded as a constant; hence, European attempts to help alleviate the ‘world hunger problem’ tend to focus exclusively on development assistance. Within these narrow confines, there are a number of policy changes that could benefit developing countries. These include an extension to the Stabex scheme to take account of food import costs, as well as major improvement in the Community's food aid programme to establish greater coordination with other donors and between the Community's programme and other elements of the recipients' food strategies. RESUMEN Pespuestas de la Comunidad Europea al ‘problema del hambre mundial’:ayuda alimenticia, seguridad alimenticia, estrategias alimenticias, etc. El problema del ‘hambre mundial’, como se entiende convencionalmente, involucra de hecho problemas interrelacionados. Una debilidad de la respuesta del Norte deriva de no reconocer estas interrelaciones, las que, a menudo, aparecen en las carteras de diversas agencias. Por ejemplo, las polĂ­ticas de producciĂłn y comercio agrĂ­colas tienen mayor impacto en la situaciĂłn alimenticia del Tercer Mundo, pero normalmente se consideran como una constante. En consecuencia, los intentos europeos para ayudar a aliviar el ‘problema del hambre mundial’ tienden a concentrarse exclusivamente en la asistencia al desarrollo. Dentro de estos estrechos lĂ­mites, hay algunos cambios de polĂ­tica que podrĂ­an beneficiar a los paĂ­ses en desarrollo. Estos incluyen una extensiĂłn del programa Stabex para considerar los costos de importaciĂłn de alimentos, asĂ­ como un importante mejoramiento en el programa de ayuda alimenticia de la Comunidad, tanto para establecer mayor coordinaciĂłn con otros donantes, como entre el programa de Ă©sta y otros elementos de las estrategias de los receptores de alimentos. RÉSUMÉ Les rĂ©ponses de la CommunautĂ© EuropĂ©enne au ‘probleĂšme de la faim dans le monde’: assistance alimentaire, sĂ©curitĂ© alimentaire, stratĂ©gies alimentaires et tout ce qui s'en suit Le problĂšme de la ‘faim dans le monde’ auquel on se rĂ©fĂšre habituellement comprend en fait un nombre de problĂšmes apparentĂ©s. Une faiblesse de la rĂ©ponse du Nord est son incapacitĂ© Ă  reconnaĂźtre la corrĂ©lation entre ces problĂšmes, qui souvent font partie de portefeuilles d'organismes diffĂ©rents. La politique de la CEE sur le commerce et la production agricole, par exemple, a un impact majeur sur la situation alimentaire dans le Tiers?Monde, mais est normalement considĂ©rĂ©e comme une constante; de ce fait, les tentatives europĂ©ennes d'aide Ă  la rĂ©duction du ‘problĂšme de la faim dans le monde’ tendent Ă  se concentrer exclusivement dans une assistance au dĂ©veloppement. Dans ces limites rĂ©duites, il y a un certain nombre de changements de ligne d'action qui pourraient profiter aux pays en voie de dĂ©veloppement. Ils comprennent une extension du projet Stabex en vue de prendre en compte le coĂ»t de l'importation de denrĂ©es alimentaires, ainsi qu'une amĂ©lioration majeure dans le programme d'assistance alimentaire de la CommunautĂ© pour Ă©tablir une coordination plus grande avec les autres donateurs et entre le programme de la CommunautĂ© et d'autres Ă©lĂ©ments des bĂ©nĂ©ficiames des stratĂ©gies alimentaires
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