An effective solution for taxation of businesses in the digitalised economy should be found at the global level, to prevent further unilateral action and to ensure sustainable growth, investment, tax certainty and fairness, international tax experts and civil society representatives stated at a hearing held by the European Economic and Social Committee (EESC) on 29 January.
Sektionen for Den Økonomiske og Monetære Union og Økonomisk og Social Samhørighed (ECO) - Related News
Mr Krister Andersson, rapporteur ECO/458 "Taxation in the digitalised economy", participated in an event on "The impact of Digital and Artificial Intelligence on audit and finance professionals: harnessing the opportunities of disruptive technologies"
A new VAT system for taxing trade between Member States must tap its full potential and limit any possible negative effects for the single market, says the European Economic and Social Committee in its recently adopted opinion on a proposal presented by the European Commission. Greater collaboration between national authorities and extensive communication by the Commission will be key to its successful implementation. Clarifications are needed on some proposed concepts and criteria and a common system for goods and services must follow as soon as possible.
- Economic resilience and labour market resilience must go hand in hand
- Commitment to deepening EMU through stabilisation and upward convergence is crucial
- Urging Member States into contractionary fiscal stances may be problematic
In a recently adopted opinion, the European Economic and Social Committee (EESC) welcomes the European Commission's proposal to amend the European System of Financial Supervision (ESFS) with the objective of better tackling money laundering and terrorist financing in the European banking and financial sector, but calls for more comprehensive measures. These issues are, in its view, becoming increasingly dangerous in terms of the stability, safety and reputation of financial institutions and the financial sector as a whole. Additional measures are therefore of the utmost importance.
On 10 December 2018, the 1st meeting of the Task Force on “Rebranding Capital Markets Union” took place at the headquarters of the Centre for European Policy Studies (CEPS). Over 50 participants were invited to take part, coming from European Institutions, financial entities, banks, think-thanks etc. The Chairman of the meeting was Mr Vitor Constancio, former European Central Bank Vice-President.
The EconPol Europe's Second Annual Conference took place on 19-20 November 2018 in Brussels. Mr Philip von Brockdorff and Mr Mihai Ivascu represented the EESC's ECO section also at the three sessions during the second day of the conference, which centred around issues such as productivity and the economic challenges facing the euro area.
On 22 November 2018 the Slovak Agriculture University, Faculty of Economics and Management in Nitra, organised a lecture for researchers, pedagogical staff, graduate and post-doctorate students. The main goal of the lecture was to describe the overall steps in relation to improving, supporting better functioning and deepening of Europe's Economic and Monetary Union.
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