Capital Markets Union: Commission announces new tax guidelines to make life easier for cross-border investors
The Commission has today put forward new guidelines on withholding taxes to help Member States reduce costs and simplify procedures for cross-border investors in the EU. The new Code of Conduct offers solutions for investors who, as a result of how withholding taxes are applied, end up paying taxes twice on the income they receive from cross-border investments. A withholding tax is a tax withheld at source in the EU country where investment income such as dividends, interests, and royalties is generated. These levies provide a way for Member States to ensure that taxes are being applied appropriately on cross-border transactions. Since the income is often taxed again in the Member State where the investor is resident, problems of double taxation can result. Investors do have the right to claim a refund when double taxation occurs but refund procedures are currently difficult, expensive and time-consuming.Today’s recommendations, developed alongside national experts, form part of the EU’s Capital Markets Union Action Plan and should improve the system for investors and Member States alike. In particular, the Code of Conduct aims to reduce the challenges faced by smaller investors when doing business cross-border. It should result in quick, simplified and standardised procedures for refunding withholding taxes where appropriate. You can find a full press release online. The Code of Conduct will be presented to stakeholders at a public hearing organised by the European Commission on 30 January 2018. You can register here.
No region left behind: launch of the Platform for Coal Regions in Transition
On Monday 11 December Maroš Šefčovič, Vice-President of the European Commission in charge of the Energy Union, Miguel Arias Cañete, Commissioner for Climate Action and Energy and Corina Creţu, Commissioner for Regional Policy in Strasbourg, will launch a Platform for Coal Regions in Transition. This Platform is one of the elements of the Coal and Carbon-Intensive Regions in Transition Initiative, a key action from the Clean Energy for All Europeans Package (IP/16/4009). The aim of the Platform is to assist Member States and regions in their efforts to modernise their economies and prepare them to deal with the structural and technological transition in coal regions. The EU’s commitment to a clean energy transition is irreversible and non-negotiable. In this shift to a modern and clean economy the goal of the Commission is to ensure that no regions are left behind when moving away from an economy driven by fossil fuels. The Platform will facilitate the development long-term strategies in coal and carbon intensive regions to boost the clean energy transition by bringing more focus on social fairness, new skills and financing for the real economy. To this end the Commission will bring together European Union officials, national, regional and local stakeholders involved in the transition to help them foster partnerships and learn from each other’s experiences. The Platform’s activities will initially focus on coal regions, with the aim to expand to carbon-intensive regions in the future. The launch takes place on the eve of the “One Planet Summit” convened by the French President Emmanuel Macron to mark the second anniversary of the Paris Agreement on climate. At the summit, the Commission will reconfirm its commitment for a forward-looking climate policy and show that the EU is leading the fight against climate change by example and through action. The Platform launch event on Monday is open to media and will take place at the Hemicycle of the Regional Council of the Grand Est Region in Strasbourg, see full programme. A joint press conference is scheduled at 17:00 CET at Room Marcel Rudloff, Europe by Satellite will transmit. The full press release is available online in all EU languages.
€700 million to support refugees in Turkey through flagship humanitarian aid programmes
The Commission has announced today additional humanitarian aid for two major projects through the EU Facility for Refugees in Turkey that both work by providing monthly transfers on a special debit card. €650 million goes to the Emergency Social Safety Net (ESSN) which is implemented by the World Food Programme. A further €50 million will boost the Conditional Cash Transfer for Education (CCTE) project implemented by UNICEF. “The EU is an innovator in humanitarian aid and we are stepping up funding for programmes that are bringing real results to over one million people. With €1 billion in funding, the Emergency Social Safety Net is improving lives and helping refugees and their host communities in Turkey. This is complemented by a programme encouraging children to go to school, by providing additional money on the same card. Let me commend the generosity of the Turkish people in hosting so many refugees,” said Commissioner for Humanitarian Aid and Crisis Management Christos Stylianides. The ESSN programme works by providing monthly transfers to the most vulnerable refugees via a special debit card, allowing them to purchase essential items. It already supports over 1.1 million refugees and will continue until the end of January 2019 with this additional funding. Today’s announcement brings total funding to the ESSN to €1 billion. The CCTE project, announced earlier this year, supports refugee families who register their children for school and ensure that they attend regularly. The programme, delivered by UNICEF, helps cover the costs of education and supports families to send their children to school. The project has now reached the families of over 167,000 children, and aims to help 250,000 refugee children during its first year. Read the full press release here.
Urban mobility: Toruń and Wrocław develop tram networks with EU funds
€81.5 million from the Cohesion Fund is invested in the tram fleet and network in the Polish cities of Toruń and Wrocław. Commissioner for Regional Policy Corina Creţu said: “Getting around Toruń and Wrocław will be smoother thanks to these Cohesion policy investments. At the same time this is a new example of how EU funds help us reach our EU-wide objectives of clean mobility.” In Toruń almost €45 million will help buy 5 trams, 20 hybrid and electric buses, renovate old tram tracks and build a new one connecting the city centre with the northern residential district of Jar. Works should be completed by 2021. The investment is part of the “BiT-City” project, Toruń’s public transport strategy. In Wrocław, €36.5 million will help replace the old tram rolling fleet with 56 new, energy efficient trams. Not only will it improve air quality and mobility in the city, but it will also make the city’s transport systems more accessible for persons with disabilities.
EU develops practical instrument to combat rare diseases
The European Commission has defined a uniform standard for the collection of data on rare diseases in Europe, which will allow to improve the treatment for patients. This is a first step towards ensuring that the data collected by European registries is comparable and the data registries are interoperable. Vytenis Andriukaitis, Commissioner for Health and Food Safety, said: “The real challenges of researching, diagnosing and treating rare diseases are linked to scarce and scattered knowledge, fragmented research efforts and expensive treatments. Therefore, cooperation at EU level can make a real difference to patients with rare diseases. By pooling together knowledge and expertise, we can reach results that no single country could reach in isolation.” Tibor Navracsics, Commissioner for Education, Culture, Youth and Sport, responsible for the Joint Research Centre, said: “Rare disease patient registries and databases are key instruments for developing clinical research and improving patient care. They enable to pool data in order to obtain sufficient sample sizes for research, but they cannot work in isolation. The standard that has been developed for the registration of the data will enable all these registries to be on the same page, which on the longer term fill facilitate and speed up research in this area.” In the EU there are more than 6000 distinct rare diseases, affecting around 30 million people. The “Set of Common Data Elements for Rare Diseases Registration” defines the minimum data elements to be registered by all rare diseases registries across Europe, and provides instructions on how and in which format each data element should be registered.
European Commission welcomes first operational steps towards a European Defence Union
The Commission welcomes the plans presented by 25 EU Member States today to work together on a first set of 17 collaborative defence projects in the framework of Permanent Structured Cooperation (PESCO). President Juncker said: “In June I said it was time to wake up the Sleeping Beauty of the Lisbon Treaty: permanent structured cooperation. Six months later, it is happening. I welcome the steps taken today by Member States to lay the foundations of a European Defence Union. Europe cannot and should not outsource our security and defence. The European Defence Fund that the European Commission proposed will complement these efforts and act as a further incentive for defence cooperation – including potential funding for some of the projects presented today.” PESCO is an instrument in the EU Treaty to enable willing Member States to pursue greater cooperation in defence and security. Since November, 25 Member States have notified their intention to launch Permanent Structured Cooperation on defence to High Representative Federica Mogherini. Today, these Member States signed a Declaration announcing the preparation of first collaborative projects in areas including the setting up of an EU medical headquarters, maritime surveillance, underwater drones and cyber-defence. While PESCO is purely intergovernmental, the European Defence Fund proposed by the European Commission in June will create incentives for Member States to cooperate on joint development and the acquisition of defence equipment and technology through co-financing from the EU budget and practical support from the Commission. This could include some of the projects presented by Member States today in the framework of PESCO. Additionally, the Fund fully finances grants for collaborative research projects, with first grant agreements expected to be signed before the end of 2017. Member States are expected to reach agreement on the European Defence Fund at a Council meeting tomorrow. A press release is available online.
Mergers: Commission clears acquisition of Thames Water by OMERS
The European Commission has approved, under the EU Merger Regulation, the proposed acquisition of Thames Water of the UK by Omers Administration Corporation (“OMERS”) of Canada. Thames Water is a private utility company that is primarily active in the regulated provision of integrated water and sewerage services to household customers in the Thames Valley region. OMERS is the administrator of the Ontario Municipal Employees Retirement System Primary Pension Plan in Canada. The Commission concluded that the proposed transaction would raise no competition concerns as the two companies are not active in the same markets. The transaction was examined under the simplified merger review procedure. More information is available on the Commission’s competition website, in the public case register under the case number M.8722.
Commission welcomes Italy’s efforts to notify eID led by private sector
Italy took the first step to start the notification process for their electronic identification (eID) scheme under the eIDAS Regulation. It is the first Member State with an eID system led by the private sector to start this process. The notification of this eID scheme will enable Italian citizens and businesses to use their electronic identities to access online public services and private services across Europe. All Member States have committed to speed up the EU-wide usage of eIDs in the Tallinn Declaration on eGovernment. Italy’s pre-notification together with Germany’s notification earlier this year are leading the way in the uptake. Italy’s pre-notification additionally emphasises the key roles of both the private and the public sector in building a trustworthy EU-wide eID ecosystem. The Commission encourages similar uptake in the whole EU as part of its 2014 Regulation on electronic identification and trust services for electronic transactions in the internal market (eIDAS Regulation). Further details are available here as well as in Vice-President Ansip’s blog post.
MEDIA-supported films sweep the main prizes at the 30th European Film Awards
This Saturday, the European Film Awards celebrated the best of European cinema in Berlin. Seven films, supported by the EU Creative Europe MEDIA programme received awards. Ruben Östlund’s The Square (Sweden, Germany, France, Denmark) got the Best European Film, Comedy, Actor (Claes Bang) Scriptwriter and Director Awards. Loving Vincent (Poland, UK), the world first fully painted animated feature got awarded the European Animated Featured Film Prize. Other prize winners are indicated here. Overall, the EU has invested €6.5 million through the Creative Europe MEDIA programme to support the development and distribution of the 16 films nominated at EFA. Find out more about the winners on EFA’s website.
Commissioner Jourová to launch global alliance with high-level policy makers to fight violence against women
Today, the 2018 G7 Presidency, the Organisation for Economic Co-operation and Development (OECD), the Council of Europe, the European Commission, and UN Women are meeting this afternoon via teleconference to launch an alliance to tackle violence against women and girls at global level. Ahead of the event, Věra Jourová, Commissioner for Justice, Consumers and Gender Equality said: “In the EU, we dedicated 2017 to tackle violence against women and girls however as we have seen recently through the echoes of sexual harassment accusations around the world, this human rights violation is a global issue. Momentum is rising to make change. I am bringing together global key players committed to see change and bring concrete actions to put an end to violence against women.” The organisations will discuss the way forward on this issue. They will also discuss how their actions can better complement each other and be intensified to drive a renewed momentum on tackling violence against women and girls. The teleconference will take place today from 14:00 – 15:30 CET and will be webstreamed live and is open to journalists upon registration. A joint declaration will be published online after the meeting. For more information on the European Commission’s efforts to tackle violence against women, see the factsheet on a Year of Focused Action to end violence against women and the Q&A on what the EU does to tackle this violence.