The consequences of the Russian military aggression have grown in scope and its impact has expanded. As a result, Member States are facing continuous substantial inflows of persons fleeing the Russian aggression. This situation comes on top of the consequences of the COVID-19 pandemic, notably the disruption of value chains, which challenges public budgets that were focused on the recovery of the economy, but also risks delaying investments, especially in infrastructure.
Sekcja ds. Unii Gospodarczej i Walutowej oraz Spójności Gospodarczej i Społecznej (ECO) - Related Opinions
The EESC stresses that the rise of cross-border teleworking pose challenges to the international taxation systems and invites the Member States and the European Commission to work together to find solutions for the new situation. The Committee encourages the European Commission to consider whether a one-stop shop, like in the VAT area, could be set up for cross-border teleworkers to allow the employees and employers to reduce tax disputes and help to ensure that taxes are levied correctly.
In relation to digital taxation the EESC deems it crucial for both Pillar 1 and Pillar 2 of the OECD to be implemented within the EU as soon as it is feasible, achieving a high degree of consistency with the international agreement that will be negotiated within the OECD/G20 venue. The Committee stresses that properly devised international tax laws on digital businesses are instrumental in preventing tax evasion and tax avoidance practices, as well as in designing a fair, stable and progressive taxation system.
The EESC considers that it is necessary to add new own resources to cover the debt repayment resulting from borrowing under the NextGenerationEU initiative without jeopardising the budgets of other EU programmes and instruments, or substantially increasing the Gross National Income (GNI)-based resource contribution. Although the Commission proposals as set out in the communication are deemed necessary, EESC believes that the Commission should ensure that the design of the new system is based on achieving equity and fairness, efficiency, transparency, simplicity and stability, with a focus on competitiveness and applying solidarity where necessary.
The Communication on 8th Report presents the main changes in territorial disparities over the past decade and how policies have affected these disparities. It highlights the potential of the green and digital transitions as new drivers of EU growth, but argues that without appropriate policy action new economic, social and territorial disparities may appear. It also launches a reflection on how cohesion policy should evolve to respond to these challenges and in particular how to ensure that place-based, multilevel and partnership led approaches continue to improve cohesion, while building on synergies and mainstreaming cohesion objectives into other policies and instruments.
EESC will present its views on this report stressing the important role that civil society plays and that local policies need local strategies, drawn up with local partners.
The EESC welcomes the implementation of the remaining elements of the international standards agreed by the Basel Committee for Banking Supervision, from the perspective of both timing and substance, as they are meant to enhance the stability of the financial market in the EU, and thus not to expose European citizens to increased financial market risks. The EESC also stresses that financial market stability is a crucial prerequisite for overall economic stability, whereas the sound regulation and surveillance of the banking sector is essential in order to prevent the threat of turbulences and crisis.
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