About: Ecofin
EU countries agree world’s first carbon tariff, but leave out controversial issues
The EU's 27 economy ministers reached an agreement on Tuesday (15 March) to introduce a carbon levy on imports of highly-polluting goods like steel, cement and fertilisers, but kicked the can down the road on controversial aspects like the use of revenues coming from the scheme.
Global minimum tax hits roadblock as EU states disagree on directive
The finance ministers of EU member states failed to reach a unanimous agreement on the EU directive aimed at implementing the global minimum tax for large corporations when they met in Brussels on Tuesday (15 March).
World’s poorest should not pay for climate action while EU industry pollutes for free
As EU finance ministers meet on Tuesday (15 March) to discuss the proposal for a carbon border levy, they should look to protect the most vulnerable countries from being hit and work to phase out free allowances quicker, write Anne Gläser and Chiara Putaturo.
Euro zone to discuss economic hit from soaring energy prices
Euro zone finance ministers will discuss soaring energy prices on Monday (4 October), concerned they could slow economic recovery, impact on investment decisions and disproportionately hit the poorest, a European Commission note showed.
Commission hints at quick fix of fiscal rules in 2022
The European Commission said on Friday (10 September) that it will explore options to improve the Stability and Growth Pact by the end of next year, as member states are preparing for a bruising battle over the reform of the EU’s fiscal rules.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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
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.
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.
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.
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.
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.
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.