The 25th anniversary of the European Economic Area (EEA) Agreement, in force since 1994, was the main topic of the EEA Consultative Committee meeting that took place on 23 and 24 May. This committee, which represents employers, workers and other civil society players of EEA member states, insisted on the importance of completing the internal market and taking into account its social dimension.
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The single market has been a great achievement. The EU needs to make sure citizens are aware that many of the very real benefits they have enjoyed in the past 25 years as consumers, business owners or workers are the result of the single market. This will help rally the support needed to make it fit for the digital era, the European Economic and Social Committee (EESC) argues in its response to the European Commission's assessment of the state of play of the single market.
A fair, competitive and sustainable business environment that encourages enterprises to grow innovate, invest and trade – this is what representatives of the European employers ask from the next European Commission and Member States. The participants of the European Entrepreneurship Forum taking place in Bucharest agreed that it is time for a political recognition of SMEs – shifting from "think small first" approach to "act small first" principle.
The government, representatives of organised civil society and other interest groups call for fresh impetus for the European Union
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.
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.
The EU crowdfunding framework proposed by the European Commission will help to build a capital markets union, foster innovation and support entrepreneurs and SMEs across the EU, says the European Economic and Social Committee (EESC) in a recently adopted opinion, which strongly supports the Commission's proposals. The proposed regulatory framework – a 29th regime, to exist in parallel with the 28 national regimes – will allow small, young and innovative enterprises in particular to strive for financing in all EU Member States.
The EESC believes that the European Commission's Action Plan is a good basis but that additional measures are needed to tap the full potential of financial technology and to ensure certainty and protection for all market participants
The European Economic and Social Committee (EESC) welcomes the European Commission's proposals regarding its Action Plan on VAT, which aim to modernise the EU Value Added Tax (VAT) system, at the same time calling for some modifications. It asks the Member States to do their utmost to implement the proposed reforms and move towards the definitive VAT system within a reasonable timeframe.
The EMU needs a common strategic vision, efficient governance mechanisms and a clear social dimension