How should wages and company profits be taxed in a way that answers the needs of today's work environment? In an opinion adopted during its July plenary session, the European Economic and Social Committee takes up this challenge, while welcoming and encouraging the rise of teleworking.
Economic and Monetary Union and Economic and Social Cohesion (ECO) - Related News
In an exploratory opinion, the European Economic and Social Committee (EESC) insists on the importance of coordinated European legislation establishing tax rates for digital service companies. This will ensure a growth-friendly business environment and benefit the internal market, while avoiding the gaps that separate national initiatives would create.
A resilient, sustainable and inclusive Europe is only possible if organised civil society is systematically involved in both national recovery plans and the Commission's new REPowerEU strategy. During its annual conference in June, the European Semester Group (ESG) renewed its call for a regulation or directive to ensure civil society participation, and proposed a permanent and common investment financing mechanism to enhance crisis preparedness and response capacity.
Cohesion policy is key to overcoming the COVID-19 crisis, to achieving climate neutrality by 2050 and to reducing disparities in Europe. Its most serious challenge for the foreseeable future, however, is the war in Ukraine, the EESC cautions in a recent opinion. Rapid action is needed to help refugees and ensure the country's European integration.
The European Economic and Social Committee is calling on the European Commission to carry out more targeted impact assessments of its proposals for new EU budget funding sources to repay NextGenerationEU debt. The EESC generally agrees with the proposed EU "own resources" revenues for the budget. However, they need to be stable and fair – and should not burden households or businesses.
In its resolution on the involvement of organised civil society in the implementation and monitoring of the National Recovery and Resilience Plans (NRRPs) the European Economic and Social Committee calls for clear rules to effectively involve social partners and civil society organisations in the Member states' strategies to bring the economy back on track.
Trillions of euros are needed for Europe's economic recovery. EU proposals for accessible investment data and long-term funding must be more flexible and promote a transparent level playing field, to include more investors and businesses in capital markets.
Taxation is a major tool for financing the recovery, as well as the digital and green transition. But the old national and international rules are no longer fit for some of the new business models used today. In an opinion adopted during its March plenary, the European Economic and Social Committee (EESC) welcomed the European Commission's (EC) proposed Directive on a global minimum level of taxation for multinational groups in the EU. However, the Committee also points out possible shortcomings in the proposal and suggests key additions.
In an opinion adopted during its March plenary, the European Economic and Social Committee (EESC) welcomed the European Commission (EC) proposal to implement the remaining elements of the Basel III international standards in the EU. The aim is to strengthen the resilience of the banking sector while ensuring that it continues to finance economic activity and growth. But the EESC also calls on the EC to find a proper balance between faithful implementation, and the need to reflect the specificities of the EU economy and banks.
Ensuring effective and fair taxation across the Single Market is crucial to stimulating a real recovery after the COVID-19 pandemic. In an opinion adopted at its March plenary session, the European Economic and Social Committee (EESC) supported the European Commission (EC) proposal on the misuse of shell companies for tax purposes. This is purely a tax directive proposal, however, and the Commission needs to dig deeper into the topic, and address other key issues related to shell companies.