On the occasion of the 30th anniversary of the Single Market, the EESC held a debate about the future of the world's largest trading bloc with Commission Executive Vice-President Margrethe Vestager. The Single Market is widely considered the EU's greatest achievement, but has also shown its limitations in the face of current crises.
On 14 March, the European Economic and Social Committee (EESC), the Fair Trade Advocacy Office (FTAO) and the Global Competition Law Centre of the College of Europe organised an online conference on Competition Policy and Social Sustainability to continue the debate onhow joint sustainability initiatives can be compatible with competition law.
The European Economic and Social Committee (EESC) firmly believes that infringements of human rights can be better prevented when there is an internationally agreed binding standard implemented and protected by states. Therefore, in an opinion adopted at its December plenary session, the EESC supports the United Nations Human Rights Council initiative to adopt a binding UN treaty to regulate businesses activities, including sanctions in case of violation of international human rights law.
Margrethe Vestager, European Commissioner for Competition, declared at the May plenary session of the European Economic and Social Committee (EESC) that "the Commission has been pushing for digital taxation because we need a global solution; it's unacceptable that some companies pay taxes and others don't". Read more..
The European economy loses over 2% of productivity per year due to a mismatch of skills, according to a recent study commissioned by the European Economic and Social Committee. This means a loss of 80 eurocents for each hour of work. The situation will get even worse in the future due to demographic trends and ongoing technological developments, if no reforms are undertaken.
The reporting mechanism will contribute to more tax justice and fair competition in the EU
The European Commission must set out more precise hallmarks for the proposed reporting obligations on cross-border tax arrangements and transactions in order to prevent subjective interpretation by taxpayers and tax authorities which could lead to over-reporting and administrative burdens, the European Economic and Social Committee (EESC) urges in its recently adopted opinion on disincentives to tax avoidance or evasion.
The EESC warns against granting China market economy status (MES) and calls on the European institutions to promote fair international competition and actively defend European jobs and European values with efficient trade defence instruments (TDIs). In its opinion, the EESC points to the disastrous impact a possible ...
Addressing the EESC Members at their plenary session today, Margrethe Vestager, EU Commissioner for Competition, argued a strong consumer, business and social justice case for EU competition policy. Citing key recent examples on energy, transport, state subsidies and taxation, the Commissioner underlines that competition drives companies to cut prices and improve products, and brings in the investment to the economy and creates jobs.