Brussels Daily
27 May 2015


Brussels Daily

Commission proposes draft EU budget 2016: focus on jobs, growth, migration and global action

The Commission today proposed a 2016 EU budget of €143.5 billion in payment credits to support the recovery of the European economy and help improve lives in Europe and beyond. The money will be invested to boost innovation, create jobs, help convergence among Member States and among regions, deal more effectively with migration and further strengthen the role of the EU as a global player. The proposal also includes contributions to the European Fund for Strategic Investment (EFSI), which is at the heart of the Investment Plan for Europe. Today’s draft will be sent to the European Parliament and EU Member States who will jointly decide on the final budget. More information is available in the press release in the questions and answers and in the factsheet EU budget at a glance.

Commission prepares an Action Plan for fairer and more growth-friendly taxation in Europe

Vice-President Dombrovskis is presenting the main outcome of an orientation debate that the College of Commissioners held today on fairer taxation. His statement can be followed via ebs. The college discussed measures to make corporate taxation fairer, more growth-friendly and transparent. It was agreed that a new EU approach to corporate taxation is needed to successfully address tax abuse, ensure sustainable revenues and foster a better business environment in the internal market. Vice-President Valdis Dombrovskis, responsible for the Euro and Social Dialogue, said: “We want corporate taxation to be fair and growth-friendly. Every company, big or small, must pay its share of tax at the place where it makes its profits. Corporate taxation is a Member States responsibility, but the EU must set a clear and renewed framework for fair and competitive corporate taxation.” Pierre Moscovici, Commissioner for Economic and Financial Affairs, Taxation and Customs, said: “Our current approach to corporate taxation no longer fits today’s reality. We are using outdated tools and unilateral measures to respond to the challenges of a digitalised, globalised economy. For fairer taxation and less fragmentation in the Single Market, we need to fundamentally review our corporate tax framework in the EU. Big, small and medium sized companies should be able to benefit from the internal market on an equal footing”.Today, the College agreed to take a more comprehensive approach to improve corporate taxation in the EU, also taking into account ongoing international reforms in this field. Read the press release for more information.

Read full edition: Daily News 27 – 05 – 2015




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