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The EESC welcomes the Investment Plan for Europe as a step in the right direction, which however faces serious questions about the Plan's size and timescale, the high degree of leverage expected and the potential flow of suitable projects. The Plan proposes that contributions to the European Fund for Strategic Investments (EFSI) from Member States will not be included in budget deficit calculations and this is to be welcomed, but it begs the question as to why ongoing strategic public infrastructure expenditures are not treated in the same way. Strategic public investment which underpins present and future economic development should be incentivised by a more benign European fiscal framework.
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.
Social enterprise is a key element of the European social model and fundamental for the success of the EU2020 strategy. By supporting and promoting social enterprise, Europe strengthens its growth and competitiveness potential and its capacity to create social value. The EESC supports the Commission's launch of a political framework and action plan to promote social enterprise in Europe. In its opinion, it stresses the importance of its implementation at both EU and Member State level as well.
The own-initiative opinion will focus on the impact of the TTIP on SMEs and reflect on the provisions that would need to be included in the TTIP in order to take account of the specific character of SMEs in the negotiations and implementation of an eventual EU-US agreement. The opinion will also look at how to increase the awareness of SMEs as to existing support services and programmes, and particularly about the new business opportunities that may arise with this agreement.
Fighting against tax avoidance and aggressive tax planning, both at the EU and at a global level, is an important political priority for the European Union. The EESC welcomes and endorses the Commission proposal, which aims to make the taxation system more transparent as this measure will boost public confidence. The EESC suggests that the Commission should aim for a more ambitious package. It proposes the disclosure of a wider range of data, the gradual reduction of the turnover threshold of EUR 750 Million and that the disclosed data is made publicly available in one of the official languages of the EU in order to achieve the objective of giving the public genuine access to data for the whole single market.