In order to reshape the European economy and in line with the objectives stated by the European Commission for a more sustainable, greener and digitalised economy, investments must support environmental goals and remove obstacles to corporate dividend policymaking and payments. Among many other factors, the debt-equity bias in the corporate tax systems affects both the leverage of firms and corporate governance. The EESC welcomes the recent public consultation on a new initiative to mitigate the debt-equity bias in corporate taxation launched by the European Commission and shares the Commission's view that companies should contribute to the achievement of a greener, sustainable and digitalised economy. The EESC aspires to contribute to the ongoing public debate and will hold an online public hearing ‘’The role of corporate taxes in corporate governance - addressing the debt-equity bias" on 8 October 2021.
Rannóg um Aontas Eacnamaíoch agus Airgeadaíochta agus um Chomhtháthú Eacnamaíoch agus Sóisialta (ECO) - Related Events
Both a sustainable economic and social recovery from the COVID-19 crisis and the need to address effectively the climate change will require a massive expansion of investments. To achieve this, reshaping the EU fiscal rules is indispensable. Against this background, the Section for Economic and Monetary Union and Economic and Social Cohesion (ECO) of the European Economic and Social Committee (EESC) is currently working on an own-initiative opinion on Reshaping the EU Fiscal Framework for a Sustainable Recovery and a Just Transition.
Strategic foresight is increasingly being embedded into EU policy making. It involves exploring different possible future scenarios and considering the opportunities and challenges connected to them, to contribute to policy action that shapes the future in a way we would like.
The conference will focus on the economic aspects of strategic foresight, and how strategic foresight influences considerations and policy making in public authorities in the EU, and how economic and social actors use foresight in their organisations.
The Recovery and Resilience Facility is moving into its next phase, and the European Semester Group of the EESC is following the process. In this high-level conference we will discuss whether the national recovery and resilience plans will deliver as regards the aim of achieving fair, inclusive, competitive and sustainable growth and cohesion through the new growth strategy – the European Green Deal. Focus will be on the implementation of the national recovery and resilience plans, with particular attention on the implementation of the European Pillar of Social Rights and the just transition towards a green, digital and sustainable European economy. The conclusions of this event will be forwarded to EU institutions and the "EU Recovery Summit" conference in Lisbon on 28 June 2021.
Macro-regional recovery and resilience initiatives - Joint meeting of REX and ECO Sections.
The purpose of this meeting is to explore how macro-regional strategies contribute to the recovery and resilience of their regions. The meeting will look at how management authorities of the strategies were actually involved in the preparation of the national recovery plans, which projects have been included, how civil society organisations were part of the process. The afternoon session will be dedicated to the idea of a new macro-regional strategy for the whole Mediterranean region encompassing the countries of the Southern Neighbourhood.
The COVID-19 pandemic and the consequent huge global leap to digitalisation has put the taxation of companies in the spotlight of public debate. The EESC aspires to contribute to the debate by co-organising with the IMF a virtual joint public debate "Taxing multinationals in Europe". This virtual joint public debate will bring together the IMF, OECD, EC, EESC and other key stakeholders in the area of taxation. On this occasion, the IMF will officially present its report "Taxing multinationals in Europe".
The pandemic transformation is causing a significant shift in the global balance of power. The EU must act as soon as possible to boost Europe's economic resilience in the COVID-19 context and build its open strategic autonomy. This includes, among other elements, strengthening the international role of the euro, increasing the resilience of European financial market infrastructures, and improving the enforcement of EU sanctions.
Activities of organised crime organisations like money laundering and the tapping of public funds have consequences for the economy, business and society. A crisis like the Covid-19 pandemic may be an opportunity for organised crime to spread their activity, gain power and even innovate to find new ways to pursue their objectives.
Following the outbreak of the COVID-19 pandemic, 2020 has proved to be an endurance test for human and social rights, democratic values, the rule of law and economic resilience in the EU. While navigating stormy waters, organised civil society is playing a key role in coping with the countless pandemic-related challenges at European, national, regional and local level.
In the process of building a more sustainable and resilient economy after the economic shock caused by COVID-19, it is crucially important to redirect investment flows. When making investment decisions, we have to increasingly take due account of environmental, social and governance (ESG) considerations, alongside the calculations on financial returns.