The EESC welcomes the Investment Plan for Europe as a step in the right direction, which however faces serious questions about the Plan's size and timescale, the high degree of leverage expected and the potential flow of suitable projects. The Plan proposes that contributions to the European Fund for Strategic Investments (EFSI) from Member States will not be included in budget deficit calculations and this is to be welcomed, but it begs the question as to why ongoing strategic public infrastructure expenditures are not treated in the same way. Strategic public investment which underpins present and future economic development should be incentivised by a more benign European fiscal framework.
The EESC welcomes the "Action Plan on VAT", and calls for a definitive VAT system that is clear, consistent, robust and comprehensive, as well as proportionate and future-proof. The Committee welcomes the strong focus on closing the VAT gap and tackling the susceptibility of VAT to fraud. There should be results delivered without delay, including by improving cooperation between tax administrations. “Bona fide” enterprises should be protected and no new excessive measures should be imposed on them. The future system of reduced rates must combine flexibility and legal certainty, be transparent, and for the sake of simplicity the number of reduced rates and exemptions must be limited.
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.
On 9 November the European Economic and Social Committee (EESC) hosted a conference on Co-operative banks and innovation in SME financing. The event was organised in cooperation with the International Confederation of Popular Banks, the European Association of Co-operative Banks, the UNICO Banking Group and the European Association of Craft, Small and Medium-Sized Enterprises. The European Commission also took part. The conference looked at the growing role of technology players in SME financing and discussed their interaction with more traditional cooperative banks ...
The condition of the European economy, completing the Single Market, trade and Brexit – these are the top issues for European employers' organisations in the forthcoming months. On 29 March 2017, the Directors-General and Secretaries-General of BusinessEurope, EuroCommerce and Copa-Cogega presented their priorities and debated with the members of the EESC Employers' Group.
The Commission's proposal on industrial policy is a step in the right direction, but the EU needs a long term, comprehensive strategy: this is one of the conclusions of the debate at the Employers' Group meeting on 6 December 2017. The aim of the debate was to contribute to two opinions on industrial policy that the EESC is currently working on.
Can European trade and investment policy promote sustainable development and social justice at home and abroad?
Setting out its positive agenda for business while insisting on the importance of promoting European values, the European Commission’s new ‘Trade for all’ Communication is a timely update on EU trade and investment policy, according to a recently published opinion by the European Economic and Social Committee (EESC).
Lack of awareness, underdeveloped infrastructure, high investment costs as well as skills shortages and mismatches – these are some of the challenges that SMEs are facing when trying to benefit from the digital revolution. The participants of the conference "How to support businesses in the digital age – SMEs go digital" tried to identify potential obstacles and propose solutions to address them in the future. The event took place on 24 October 2018 in Vienna, Austria.