The EESC welcomes the proposal for a Council Directive amending Directive 2011/16/EU on administrative cooperation in the field of taxation (DAC9) and points out that legal certainty and clarity for multinational corporations and tax administrations can only be ensured by creating a single set of uniform rules applicable to all Member States. The Committee deems it crucial that information collected under DAC9 be used only and exclusively as intended by the Commission proposal and not for other purposes.
In view of Europe's current security challenges, in particular with the armed conflict caused by Russia’s full-scale aggression against Ukraine, defence funding places a significant burden on the budgets of many EU Member States, worsening their fiscal position.
At the same time, the resources that Member States are currently able to allocate to the development of defence capabilities still seem to be insufficient.
As Europe needs to develop defence capabilities in a more integrated way, there is a need to significantly increase investment in European defence infrastructure and technological innovation to improve preparedness to respond to threats.
A comprehensive approach is needed to revive EU competitiveness, requiring a reconsideration of the regulatory framework. Competition policy, particularly market definition, is sometimes criticized for hindering European companies' growth.
This subject of this own-initiative opinion is multidimensional, requiring from the opinion to address a wide spectrum of subtopics, while having a clear and logical thread.
Securitisation is the process of transforming a batch of debts into a marketable security, that is backed by the original debts. This process can increase the availability of credit, increasing investment and supporting economic growth in a way that increases competitiveness and improves labour market.
This own-initiative opinion will present a thorough description of the challenges and opportunities that come with securitisation, and provide concrete policy proposals for a possible future revision of the securitisation regulation.
The aim of the opinion is to draw attention to the impact of the non-Schengen status of Bulgaria and Romania and neighbouring EU-countries on the Single Market, to assess the impact of non-Schengen membership on the competitiveness of these countries and the potential costs/benefits of Schengen for them, and to propose recommendations for policy-makers on how to address the negative effects of non-Schengen on the Single Market.
