The European Economic and Social Committee (EESC) is currently drawing up an own initiative opinion on "Promoting innovative and high growth firms". In order to gain further insights the EESC is organising a public hearing on 7 July 2016 at the University of Santiago de Compostela, Spain, with the objective to contribute to map Europe's challenges and opportunities in this area and to create an environment supportive of creating innovative and high growth firms. The hearing will help formulating recommendations for policy makers on measures and actions needed to address the situation.
The EESC, in cooperation with the Federation of Traders, Producers and Entrepreneurs of Central-East Macedonia and Thrace and the Thessaloniki’s Traders Association, will be organising a hearing as part of its preparatory work in order to issue a rigorous, qualitative own-initiative opinion on "The potential of family and traditional businesses to boost the development and economic growth in the regions".
Europe and its Member States have to deliver wellbeing to the citizens and this can only be done through investments and jobs. This means that the impact which taxes and tax measures have on investments, jobs, trade and growth must be brought to the forefront of the debate.
While the OECD stresses that all taxes have the potential to discourage growth, its analysis of tax structures has found corporate taxes to be the form of taxation that is most harmful to economic growth. Empirical studies confirm that there is a negative relationship between corporate taxes and economic growth.
In order to encourage a broader and more balanced discussion on taxation, the Employers' Group requested that the EESC commission, in 2018, the study on The role of taxes on investment to increase jobs in the EU – An Assessment of Recent Policy Developments in the field of corporate taxes.
Given that Europe's priority today is to promote sustainable growth and investment within a fair and better integrated market, the corporate tax reforms package will help to provide a fair and efficient taxation of corporate profits. The EESC is currently drawing up three interlinked opinions on key proposals presented and in this framework the Section for Economic and Monetary Union and Economic and Social Cohesion (ECO) will organise a public hearing on "The Corporate tax reforms package - with focus on Common (Consolidated) Corporate Tax Base".
We need to join forces at EU level to better tackle the major challenges we face today and to deliver on the Sustainable Development Goals. Achieving these goals is not possible without research, development and innovation (RD & I).
RD & I is the real driver of growth and the key to creating employment and increasing competitiveness. Novel technologies and new solutions, products and services improve people’s well-being and quality of life.
This document is a summary of the two-day seminar organised on 26 and 27 October 2015 by the Employers' Group and its partners: Coldiretti, Confindustria, Confcommercion and AICE (Italian Association of Foreign Trade). The first day of discussion was devoted to the role of international trade in the Reindustrialisation of Europe. On the second day, the participants focused on food manufacturing, innovation and the circular economy.
This study analyses the impact of changes in corporate tax on investment, growth, employment and public finance. It is based on both a review of existing theoretical and empirical literature and a new event study considering the economic impact of significant changes in corporate tax rates in developed economies between 1981 and 2014.
Europe is lagging behind other global players in terms of research and development (R&D). The business sector in Europe believes that if the EU is to become more competitive globally, more focus needs to be put on innovation. Greater clarity is needed in setting priorities. The most serious problem is that despite funds being allocated to basic research, the results of the research process do not make it to the market. Research and new technologies exist, but there are obstacles preventing them from being brought to customers.