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European Union

The airline’s CEO describes the impending tax as bad for the economy, India’s GST revenues drop to a two-year low, the CJEU rules on VAT repayment, and more.
The carbon border tax regime will come into play in 2026 but its reporting requirements are now in force.
Mauro Faggion appeared cautiously optimistic as the European Commission waits to see whether all 27 member states will accept its proposal.
The controversial measure is being watered down after criticism from the European Central Bank.
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