About: Ecofin

Economy & Jobs 13-07-2021

EU unlocks first recovery funds amid growing Delta fears 

EU-27 finance ministers in the Ecofin Council approved on Tuesday (13 July) the first batch of twelve national recovery plans, paving the way for the first payments by the end of this month, as the spread of the Delta variant of COVID-19 across Europe increases the risk of new restrictions.
Economy & Jobs 16-04-2021

Member states press Commission to speed up evaluation of recovery plans

Some EU finance ministers are expected to request the European Commission on Friday (16 April) to shorten the two-month evaluation period of the recovery plans in order to speed up the implementation of the long-awaited European stimulus.
Economy & Jobs 27-10-2020

Member states want an EU authority against money launderers 

EU finance ministers are expected to call for an EU authority against money laundering and urge the bloc to harmonise rules and close the door to illicit money, according to draft conclusions seen by EURACTIV.
Economy & Jobs 08-09-2020

Finance ministers to discuss fiscal dumping inside the EU at Berlin meeting

EU finance ministers will discuss how to combat harmful tax practices within the EU during their informal meeting in Berlin this weekend, according to the German presidency's preparatory documents seen by EURACTIV. 
Economy & Jobs 04-03-2020

The unclear future of Germany’s ‘debt brake’

According to media reports, finance minister Olaf Scholz (SPD) has tried to break German frugality rules and take on more debt. This earned him harsh criticism from the co-governing CDU/CSU Union and parts of the opposition and the ministry now denies any plans to change the debt brake.
Economy & Jobs 18-02-2020

EU expands tax havens blacklist to Cayman Islands and Panama

EU finance ministers added on Tuesday (18 February) the Cayman Islands and Panama, together with Palau and the Seychelles, to the bloc's blacklist of tax havens, which now includes twelve countries.
Economy & Jobs 08-11-2019

Commission wary of side effects of Libra regulation

The European Commission has called for a “proportionate” and differentiated approach to regulating digital currencies including Facebook’s Libra, as the EU needs to preserve is developing Fintech environment.
Economy & Jobs 10-07-2019

Europe agrees to put forward one candidate for IMF chair

EU finance ministers unanimously decided on Tuesday (9 July) to present one single candidate to succeed Christine Lagarde as Managing Director of the International Monetary Fund.
Economy & Jobs 11-06-2019

Watered-down Tobin tax could enter into force in 2021

EU finance ministers will discuss on Friday (14 June) a new draft proposal for a financial transaction tax (FTT), which will significantly lower expected revenues once participating member states adopt it, according to details of the text seen by EURACTIV.
Economy & Jobs 20-05-2019

Romania torpedoes EU deal on alcohol excise duties over moonshine

Member states clashed on the reform of the directive on alcohol excise duties during a meeting of EU financial ministers last Friday (17 May), as the Romanian Presidency of the EU tried to raise the maximum limit on home distillation, in pursuit of its own national interest.
Economy & Jobs 17-05-2019

LEAK: Commission ramps up pressure on minimum corporate tax

European Commission will urge finance ministers on Friday (17 May) to agree on a floor to corporate taxation, as part of a strategy to shape the ongoing global debate on tax matters, according to documents seen by EURACTIV.com
Economy & Jobs 12-03-2019

EU tax haven blacklist triples to include 15 countries

EU finance ministers approved on Tuesday (12 March) the addition of 10 more countries to the EU's blacklist of tax havens, which currently includes only five jurisdictions and aims to help prevent tax fraud or evasion.
Economy & Jobs 12-02-2019

Member states shield national vetoes on tax matters

A large majority of EU governments opposed on Tuesday (12 February) the European Commission’s proposal to end the unanimity required to pass legislation on taxation, saying they want to protect national sovereignty and avoid having decisions forced on reluctant countries.
Digital & Media 04-12-2018

France and Germany backtrack on digital tax scope

France and Germany presented on Tuesday (4 December) revised plans for the EU's proposed digital tax reforms under which large firms would pay a levy only on advertising sales and not on total revenues, representing a significant reduction of the Commission's original scope.
Economy & Jobs 04-12-2018

EU reaches limited agreement to bolster economic and monetary union 

EU finance ministers concluded a deal on Tuesday (4 December) to bolster the region with new tools to save ailing banks and member states but postponed Europe-wide instruments to protect depositors or stabilise national economies.
Digital & Media 06-11-2018

Stark divisions among member states in EU digital tax plans

EU finance ministers remain divided over a raft of issues in the European Commission's digital services tax (DST) plans after a meeting on Tuesday (6 November) drew attention to a plethora of challenges in reaching a consensus.
Digital & Media 05-11-2018

Some countries ‘more comfortable’ with interim deal on digital tax, EU diplomats say

Some EU member states are likely to feel “more comfortable” with a temporary agreement on the EU’s digital tax plans rather than wait for international consensus, EU diplomats said on Monday (5 November), ahead of a meeting of EU finance ministers.

Ministers support giving more powers to EU watchdog to fight money launderers

The Ecofin Council “broadly” supported on Tuesday (2 October) the European Commission’s proposal to transfer more powers to the European Banking Authority to investigate alleged cases of money laundering in the EU.
Economy & Jobs 02-10-2018

Member states approve reduced tax for e-books and digital press

EU finance ministers reached an agreement on Tuesday (2 October) to allow willing member states to apply reduced VAT rates or even scrap taxes on electronic books and digital press.
Economy & Jobs 05-09-2018

Europe moves towards a common approach to regulate cryptoassets

European decision-makers and regulators are progressing towards an EU approach for dealing with cryptoassets, digital assets that use cryptography such as Bitcoin and represent a booming market still viewed with concern by financial supervisors.
Economy & Jobs 13-12-2017

Macron shifts focus away from eurozone reform to court Merkel

French President Emmanuel Macron, concerned that a divisive discussion over eurozone reform might undermine his broader European agenda, has begun prioritizing other areas of EU cooperation, French officials say.
Economic governance 06-12-2017

EU’s tax haven list leaves out member states and British territories

After intense negotiations, EU member states point their finger at 17 tax havens in a somewhat succinct blacklist that disappointed officials, MEPs and transparency activists. EURACTIV France reports.
Economy & Jobs 09-11-2017

Mr Altmaier goes to Europe

At the start of this week, Eurogroup and ECOFIN met in Brussels. Interim Finance Minister Peter Altmaier attended the meetings on behalf of Germany for the first time. The talks focused on the banking union, fiscal policy and the Paradise Papers. EURACTIV Germany has an overview.
Economy & Jobs 16-09-2017

EU agrees to draft proposal to raise taxes on internet giants

A majority of member states agreed to start preparing a new levy on digital companies to compensate for low-tax regimes that cost billions of euros to European governments.