Pierre Moscovici and Jyrki Katainen painted a picture of a weakened European economy yesterday. Their economic forecast for France is significantly less optimistic than that provided by the French government: they expect France to be the EU's most indebted member state in 2016. EurActiv.fr reports.
Member states will be required to contribute a further €326 billion to the 2014-2020 EU budget. This may affect the Commission’s ability to meet all the requests for payments, and of countries to pay their dues, the European Court of Auditors (ECA) warned.
Responsible corporations paying their taxes and revealing their ownership structure could be a possible solution in the fight of Europe against tax evasion and tax havens which cost billions of euro annually. EurActiv Czech Republic reports.
The LuxLeaks case reminded Europe that it needs to deal with tax evasion which costs the EU budget billions of euros. A group of lawyers and economists put forward the so-called ‘Taxparency’ solution and believe they can gather political support. “We have already presented it to Mr. Juncker, and he liked it,” Czech MEP Tomáš Zdechovský told EurActiv Czech Republic in an exclusive interview.
Greece's government will resume stalled talks with EU/IMF lenders in Paris today (25 November), as Athens pushes to conclude a review by inspectors so it can make an early exit to an unpopular bailout programme.
The European Commission will likely shift some of its budget into special financial instruments, in order to promote private investment when it meets on Tuesday (25 November), to agree on a €300 billion plan that can boost EU economic growth, a source familiar with the issue said.
The Luxleaks tax scandal has upped pressure on national governments to back an EU-wide public register of company owners and trusts, as part of a revised Anti-Money Laundering Directive, the lead MEP on the bill has said.