Consumption tax revenues on the rise in 2015, according to new Commission study on taxation trends
Revenues from consumption taxes including VAT and excise duties were up for the EU-28 as a percentage of GDP in 2015, a study published today by the European Commission has found. However, the share of consumption taxes of total revenue rose only slightly to 28.7% compared to 28.5% in 2014. The findings are in the 2017 edition of the Taxation Trends report which takes stock of tax systems in the EU, Iceland and Norway with extensive and comparable data on the different tax structures and rates of Member States. For instance, the report also shows that the average top level of corporate tax fell from 22.5% to 21.9% from 2016-2017. It also provides an analysis on the medium- to long-term evolution of these trends. Taxation is a top priority for the Juncker Commission and providing quality data is a must if we want to develop robust and effective tax policies for the future. This report, published annually, offers a breakdown of comparative tax levels in the EU and of tax revenues raised from consumption, labour and capital. It also contains data on energy, environmental and property taxation and on the top rates for personal and corporate income taxes. Download the report here.
Commission welcomes agreement by Parliament and Council to protect workers better against cancer-causing chemicals
Today the European Parliament and the Council reached an agreement on the Commission’s proposal to set new or stricter exposure limits for several cancer-causing chemicals in the workplace. Commissioner Marianne Thyssen, in charge of Employment, Social Affairs, Skills and Labour Mobility, welcomed today’s agreement and said: “Cancer kills more workers than any other work-related disease and causes many families enormous suffering. Today’s agreement therefore marks a milestone in the protection of workers’ health and safety, in particular against cancer at the workplace. Protecting workers’ health and safety in general, and the fight against work-related cancer in particular, are a top priority for this Commission.” The revision process of the Carcinogens and Mutagens Directive started in 2008, and the Juncker Commission took concrete action to speed up progress in this area. Since May 2016, we have put forward two proposals to amend this Directive and reduce workers’ exposure to 20 cancer-causing chemicals. Both proposals would help save the lives of more than 100,000 workers over the next 50 years. More information can be found in this statement online.
HR/VP Mogherini, Commissioner Hahn and Commissioner Bulc at the 2017 Western Balkans Summit – stepping up regional cooperation to advance on the EU path
Federica Mogherini, High Representative for Foreign Affairs and Security Policy/Vice-President of the Commission, Johannes Hahn Commissioner for European Neighbourhood Policy and Enlargement Negotiations, and Violeta Bulc, Commissioner for Transport, will participate at the 2017 Western Balkans Summit which will take place tomorrow 12 July in Trieste, Italy. The Summit will be an opportunity to discuss concrete avenues to strengthen regional cooperation on connectivity, regional economic integration, youth empowerment and people-to-people contacts to further advancing the European Union integration perspective of the region. The High Representative/Vice-President Mogherini will represent the EU at the meeting with the Heads of State or Government. Commissioner Hahn will attend various side events, including the meeting of Foreign Ministers as well as the EU – Western Balkans Youth Forum, the Business Forum and the Civil Society Forum, where he will deliver key-note speeches. Commissioner Bulcwill participate at the meetings of Economic Development as well as Transport Ministers and will, together with Mogherini and Hahn, also be at the signing ceremony of the Transport Community Treaty. A full press release is available online, as is a factsheet “EU engagement in the Western Balkans“. Photos and video of the mission will be on EbS. Ahead of the Summit, Commissioner Bulc will this evening take part in a special multinational Citizens’ Dialogue in Goriza, on the border between Italy and Slovenia.
Commission launches European sugar market observatory
The European sugar market observatory is now starting its activities to support the sector to better cope with market volatility through analyzes and information on market trends. Commissioner for Agriculture and Rural Development, Phil Hogan, announced the establishment of a sugar sector Observatory at the Agriculture Show in Paris at the beginning of the year, responding to stakeholder demands for Regular and up-to-date information on economic developments. Given the end of sugar quotas, the daily activity of the Observatory and its six-monthly meetings will be particularly useful. The meeting of today’s Economic Committee, chaired by the Commission, will bring together representatives of 14 organizations in the sugar supply and distribution chain: beet growers, sugar producers, refiners, importers, buyers, traders, Ethanol and starch. Established on the same model as the two existing Observatories for milk and meat, the Sugar Market Observatory aims to introduce more transparency into the sector by sharing economic data and short-term analyzes. The agenda of the day will focus on the priorities and functioning of the Observatory and its Economic Committee, which will adopt today the rules of procedure. A Grain Market Observatory will also be launched shortly. More information on the launch of the Sugar Market Observatory and the announcement of its creation are available online.
College Members meet Japan’s Economy Minister Seko and participate in EU-Japan Business Roundtable
Vice-President Andrus Ansip, Vice-President Jyrki Katainen and Commissioner Cecilia Malmström spoke this morning at the EU-Japan Business Roundtable – a yearly gathering of businesses and policy makers, alternating between Japan and Brussels. The roundtable was the first opportunity to present to European and Japan business leaders last week’s Economic Partnership Agreement reached with Japan. Vice-President for the Digital Single Market Ansip accentuated in his speech that the EU and Japan can bring their digital cooperation to the next level with free flow of personal data based on converging data protection laws, while Trade Commissioner Malmström noted in her speech the new opportunities the companies will be able to enjoy after the Economic Partnership Agreement removes 99 per cent of customs duties and reduces unnecessary red tape. This afternoon, Climate Action and Energy Commissioner Miguel Arias Cañete will meet Japan’s Minister of Economy, Trade and Industry Hiroshige Seko to sign a joint Memorandum of Cooperation on Liquefied Natural Gas (LNG) and to exchange views on the state of the EU-Japan energy dialogue. Vice-President Jyrki Katainen will also meet Minister Seko to discuss international trade and investment issues. Later in the day, Minister Seko will additionally meet Vice-President Ansip and Commissioner for Justice, Consumers and Gender Equality Vĕra Jourová to discuss data protection, adequacy decisions and data flows between Japan and the EU. The EU and Japan have been in a dialogue to promote high data protection standards since January 2017. Last week Commissioner Jourová took stock of progress in this dialogue with Japanese data protection Commissioner Haruhi Kumazawa. Additionally, President Juncker and Prime Minister Abe issued last Thursday a joint declaration, reaffirming the importance of ensuring a high level of privacy and security of personal data as a fundamental right and as a central factor of consumer trust in the digital economy. The aim is to strengthen EU-Japan industrial and digital cooperation in various digital fields, including also topics such as the Internet of Things and eGovernment.
Juncker Plan backs EUR 150 million agreement to upgrade broadband networks in Greece
The Investment Plan for Europe, the so-called “Juncker Plan”, has backed a EUR 150 million EIB loan agreement with Cosmote, a Greek telecommunications operator, to finance enhancements and expansions to its mobile broadband network, significantly increasing the network’s performance in terms of speed, capacity and coverage. This agreement was made possible by the support of the European Fund for Strategic Investments (EFSI). Pierre Moscovici, Commissioner for Economic and Financial Affairs, Taxation and Customs, said: “This agreement demonstrates yet again the valuable role the Juncker Plan can play in mobilising investment to support and expand growth-enabling infrastructure in Greece. The agreement also serves as testament to the Commission’s broader strategic objective of seeking to fully exploit the opportunities offered by digital technologies to promote innovation, productivity and growth. The Commission remains committed to supporting investment that will act to secure Greece’s economic recovery.” The Juncker Plan is working to boost investment, support jobs and spur growth in Greece and across Europe. As of June 2017, operations approved in Greece under the EFSI represent a financing volume of over EUR 1.1 billion and are expected to mobilise over EUR 3.3 billion in investments. This project also contributes to meeting Europeans’ growing connectivity needs, promoting access to high quality networks and boosting Europe’s competitiveness, as foreseen in the Digital Single Market strategy. A full press release is available here.
State aid: Commission approves Danish scheme to promote rail transport interoperability
The European Commission has approved under EU state aid rules a Danish scheme to support rail freight operators’ investment in new on-board traffic management equipment. The Danish State will gradually convert all regional and long-distance rail tracks to the European Rail Traffic Management System (ERTMS). ERTMS is a safety system that enforces a train’s compliance with speed restrictions and signalling status. It will enable the creation of a seamless European railway system, and increase the safety and competitiveness of the European rail sector. The Danish scheme is designed to support the cost for rail freight operators of investing in this new equipment. The state support takes the form of direct grants to be used for fitting the new equipment in eligible new locomotives, and for retro-fitting such equipment in eligible locomotives already in use. The Commission assessed the compatibility of the scheme under the 2008 Commission Guidelines on state aid for railway companies. It concluded that the aid granted is necessary to achieve the intended objective of promoting interoperability of railway systems in the EU, in line with the Directive on rail interoperability, and that it is proportionate, in accordance with EU state aid rules. The full press release is available online in here
State aid: Commission approves Hungarian support scheme for renewable electricity
The European Commission has found the new Hungarian support scheme for renewable electricity to be in line with EU state aid rules. The scheme will help Hungary to reduce CO2 emissions, in line with EU energy and climate goals, whilst preserving competition. Margrethe Vestager, Commissioner responsible for competition policy, commented: “We want to make progress towards clean energy for the sake of our environment but also for European economic growth. The Hungarian support scheme will increase the share of green energy in Hungary’s energy mix, whilst preserving competition in the electricity market. We approved the scheme today.” Hungary notified plans to support electricity from renewable energy sources in April 2017. The Commission found that the scheme will help Hungary increase the share of renewable energy sources in its energy mix. It promotes the integration of such electricity into the market, in line with the Commission’s 2014 Guidelines on State Aid for Environmental Protection and Energy, while limiting distortions of competition due to the state support. The full press release is available online in here
Mergers: Commission clears acquisition of DexKo by KPS
The European Commission has approved, under the EU Merger Regulation, the proposed acquisition of DexKo Global, Inc. by KPS Capital Partners, L.P., both of the US. DexKo is a designer and manufacturer of trailer axles and running gear components. It offers trailer axles and brakes, hubs and drums, chassis, suspension components, and other running gear components. KPS is an investment management fund with investments in a diverse array of industries, including basic materials, branded consumer, healthcare and luxury products, automotive parts, capital equipment and general manufacturing. The Commission concluded that the proposed transaction would raise no competition concerns as the two companies do not compete 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.8539.
Mergers: Commission clears acquisition of Sponda by Blackstone
The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control over Sponda Plc (Sponda) of Finland by Blackstone Group L.P.(Blackstone) of the US, via a public tender. Sponda is a public real estate investment company that specialises in leasing business premises and developing and owning properties. Blackstone is a global asset manager with offices in Europe and Asia. The Commission concluded that the proposed acquisition would raise no competition concerns because of its limited impact on the market structure. 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.8532.
Commissioner Thyssen co-chairs third Pact for Youth Leaders’ meeting
Tomorrow, 12 July, Commissioner for Employment, Social Affairs, Skills and Labour Mobility, Marianne Thyssen, will co-chair the third Pact for Youth Leaders’ meeting in Brussels, together with Viscount Etienne Davignon and in presence of Commissioner for Education, Culture, Youth and Sports, Tibor Navracsics. The meeting will gather business leaders and policy makers, who will discuss the progress of the Pact for Youth. Initiated by CSR Europe together with the European Commission in 2015, Pact for Youth brings together representatives for business, education and youth, as well as the European institutions, with the aim to provide at least 10,000 quality business-education partnerships and 100,000 new good quality traineeships, apprenticeships and entry-level jobs in support of youth employability. The meeting will also focus on ways to mainstream entrepreneurial and soft skills in curricula, in line with the Commission’s New Skills Agenda for Europe as well as its ‘Investing in Youth’ initiative that both propose to further support entrepreneurial skills. The outcome of the discussions will feed into the Pact for Youth Summit, taking place on 23 November 2017. In the margins of the meeting, Commissioners Thyssen and Navracsics, in presence of His Majesty the King of Belgium, will meet with young people in their country teams at the Youth Entrepreneurship Exhibition, organised by JA Europe, provider of education programmes for entrepreneurship. The exhibition celebrates the best 200 young entrepreneurs across 36 countries in Europe following a competition in which 300,000 students took part.
NEWS IN FULL
DAILY NEWS 11 – 07 -2017-