This opinion is part of a wider package of four EESC opinions on the future of the European economy (Deepening of the Economic and Monetary Union and Euro area economic policy, Capital Markets Union and The future of EU finances). The package of opinions underscores the need for a common sense of purpose in the Union governance, which goes far beyond technical approaches and measures, and is first and foremost a matter of political will and a common perspective. The EESC is strongly in favour of the Capital Markets Union (CMU) and finds it absolutely necessary that the CMU becomes a reality in all EU Member States and calls for the political will at European level and in the Member States to make all necessary efforts and to establish all of the relevant conditions required.
Opinions in the spotlight
The EESC welcomes the Commission's proposal for a definitive VAT system and calls upon the Member States to cooperate closely for reaching the agreement regarding the new system. The Committee stresses that the quick fixes proposed by the Commission are important as intermediary steps for the functioning of the VAT system and encourages the Member States to adopt the quick fixes for all businesses.
The annual revision of the Eurostat SDG Report must be an opportunity for broader dialogue with civil society concerning which indicators be included and what the target for each of these should be. This own-initiative opinion examines how organised civil society could be better involved in a more qualitative follow-up of the annual revision of the Eurostat SDG report as part of SDG monitoring and follow-up programmes that have been established.
The EESC strongly rejects the Commission's proposal to cut the EU's budget by 10% in real terms and urges the Member States (MS) to find solutions that allow this budget to be kept at the same level as the 2014-2020 programming period.
The EESC welcomes the new funds, very different to each other, that will give continuity to the work undertaken, and approves of the increase in their financial allocation. Equal treatment and anti-discrimination policies represent the pillars of European policies, including those concerning the integration of third-country nationals. The removal of the word "integration" from the title is worrying, as this could be seen as reflecting diminishing concern for this aspect. The Committee welcomes the importance given to flexibility in both funds, as this entails acknowledging the importance of better reflecting the needs of each Member States within the framework of joint action.
The EESC wishes to draw up an opinion on the revision of the agreement with Mexico, paying special attention to civil society participation in the process, i.e. consultations during the negotiations and monitoring implementation of the new agreement following its entry into force.
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.
While supporting the pilot project to set up a financial expertise centre for consumers and end-users of financial services, the EESC feels it would be useful to call for a number of conditions to be met: legitimacy, financial independence, transparency and accountability, public visibility, as well as balance between financial sector professionals and users.