Taxation is a major tool for meeting public financing needs, as well as for supporting growth and job creation, both during the recovery and in the future, for a green and digital transition in the EU. In an opinion, adopted at its plenary on 23 February, the European Economic and Social Committee (EESC) welcomed the long-awaited European Commission (EC) initiative on the strategy on business taxation in the 21st century. However, the Committee also points out possible shortcomings and suggests additional key areas to be addressed.
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The European Commission relaunched the public debate on the review of the EU economic governance framework in October 2021, almost a year after it was put on hold. Following up on this relaunch, the European Economic and Social Committee (EESC) and the European Commission's Directorate-General for Economic and Financial Affairs (DG ECFIN) held a joint online conference as part of the public debate.
The current socio-economic situation in euro area countries is characterised by a high level of uncertainty, an unprecedented accumulation of public debt and the rise of inflation. Despite initial encouraging expectations for a recovery in the real economy, it seems that the process is more complicated due to the rapid spread of the COVID-19 pandemic and the appearance of new variants. During its plenary on 19 January 2022, the European Economic and Social Committee (EESC) adopted an opinion on the European Commission's (EC) recommendations on the economic policy of the euro area for 2022, according to present-day reality.
The European Commission has submitted its new 2021 legislative package on anti-money laundering (AML) and countering the financing of terrorism (CFT) to the co-legislators and the European Economic and Social Committee. In its opinion, adopted during the December plenary session, the EESC fully supports the proposals, but also stresses the urgency of implementing these measures and suggests key additions.
The EU is transitioning from a model driven by growth to one predicated on sustainability, where the real level of well-being and development of our society is taken into account.
EESC plenary debate with Mairead McGuinness, Commissioner for Financial Services, Financial Stability and Capital Markets Union
8 December 2021
The European Economic and Social Committee (EESC) calls for ambitious economic objectives to be set to strengthen the euro. This has become even more important given the pace of change in the global economy and the EU's current position in terms of innovation, competitiveness and fostering an investment-friendly regulatory environment.
The involvement of organised civil society is far from satisfactory in a majority of EU countries, warned the European Economic and Social Committee at the annual conference of its European Semester Group, which took place remotely on 31 May. This event was organised right before the publication of the European Semester Spring Package by the Commission, on the 2 June 2021.
The COVID-19 pandemic has caused a slowdown in the activity of many economic sectors and, at the same time, is giving rise to a significant shift in the global balance of power. In this context, the EU is looking for an appropriate strategy to strengthen its role as a global economic player, with policies aimed at boosting the international role of the euro, strengthening the resilience of EU financial market infrastructures and improving the implementation of sanctions imposed on third countries.
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