EU

The European Union is a political and economic union of 28 member states that are located primarily in Europe. Its members have a combined area of 4,475,757 km² and an estimated total population of about 513 million.

Source: en.wikipedia.org

US Concedes On Voluntary Provision In Global Digital Tax Discussion

US Concedes On Voluntary Provision In Global Digital Tax Discussion
US Concedes On Voluntary Provision In Global Digital Tax Discussion
February 28, 2021  |  Cross-border Payments

According to U.S. Treasury Secretary Janet Yellen, Washington is poised to drop a contentious part of its proposal for reforming global tax rules, which had...

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Mastercard Planning Higher Fees For UK EU Transactions
Mastercard Planning Higher Fees For UK EU Transactions
January 25, 2021  |  Mastercard

U.K. shoppers could see higher prices for European Union purchases due to a planned increase in Mastercard fees, the Financial Times reported on Monday (Jan....

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Amazon Cries Foul In Lawsuit Filed By European Union Regulators
Amazon Cries Foul In Lawsuit Filed By European Union Regulators
January 20, 2021  |  ANTITRUST

Amazon has filed a lawsuit against the European Union, accusing the EU’s competition watchdog of granting Italian antitrust officials leeway, according to Reuters on Wednesday...

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EU Releases First Drafts For Digital Services, Digital Markets Acts
EU Releases First Drafts For Digital Services, Digital Markets Acts
December 15, 2020  |  Legal & Regulation

The European Commission released on Tuesday (Dec. 15) extensive potential new regulations for digital services that would cover online marketplaces, social media and other platforms,...

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Today In Payments: China’s Central Bank Tells Merchants To Accept Cash; EU Threatens Big Tech Breakup Over Anti-Competitive Practices
Today In Payments: China’s Central Bank Tells Merchants To Accept Cash; EU Threatens Big Tech...
December 15, 2020  |  News

In today’s top news, the People’s Bank of China ordered merchants to accept cash and the EU has threatened to break up Big Tech firms...

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EU Eyes Stronger Rules For Big Tech Than Smaller Firms
EU Eyes Stronger Rules For Big Tech Than Smaller Firms
December 06, 2020  |  ANTITRUST

The European Union (EU) is looking to implement two-tier legislation in its new Digital Services Act to put greater responsibility on Big Tech’s shoulders to...

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EU’s Vestager Looks To Curb Power Of Fast-Growing Tech Platforms
EU’s Vestager Looks To Curb Power Of Fast-Growing Tech Platforms
December 01, 2020  |  Legal & Regulation

European Union competition watchdogs are looking to not only rein in today’s Big Tech online platforms, but also create rules that would prevent new companies...

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EU Digital Chief: Tech Firms That Break New Rules Face Fines, Break Up
EU Digital Chief: Tech Firms That Break New Rules Face Fines, Break Up
November 26, 2020  |  Cross-border Payments

Thierry Breton, EU’s digital chief, says tech giants breaking the bloc’s new rules could face fines or more severe punishments like breaking up their European...

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