The European Commission concluded on Wednesday (3 July) that Italy was no longer breaching the EU’s fiscal rules after the government reduced public spending by €7.6 billion in a last-minute effort to escape a sanction procedure.
The next European Commission should make curbing aviation emissions a priority in its work programme for the next five years, according to lawmakers at a special summit on Thursday (20 June) dedicated to taxing flights.
The European social contract is broken and inclusive economic policies should be on the top of the next European Commission's agenda, policymakers said at the Brussels Economic Forum on Tuesday (18 June).
EU finance ministers will try to close a deal on deepening the Economic and Monetary Union, including a tentative new budget for the eurozone, during the Eurogroup meeting on Thursday (13 June) in an inclusive format.
Group of 20 finance ministers agreed on Sunday to compile common rules to close loopholes used by global tech giants such as Facebook to reduce their corporate taxes, a final communique issued by the bloc showed on Sunday (9 April).
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
As the deadlock over the UK's exit from the EU continues, the bloc has stepped up its preparation for a no-deal Brexit, in particular in the customs area, as border checks will become necessary "overnight" if the UK crashes out without a deal.
Eurozone ministers on Monday (11 March) held back granting Greece debt relief because the government failed to implement reforms promised during the massive bailout that ended last year, officials said.
The targets of budget surpluses imposed by lenders on Greece as part of its bailout terms were not realistic and will have to be changed, EU economics affairs Commissioner Pierre Moscovici said on Thursday (28 February). EURACTIV Greece reports.
After a meeting between the SPD executive committee and the EU’s Commissioner for Economic Affairs in Berlin on Monday (11 February), all called for fairer taxation in Europe. EURACTIV Germany reports.
Euro area economy is expected to slow down more markedly than initially expected, because of the impact of increasing risks, including a disorderly Brexit, and external tensions primarily driven by the US-China trade war.
The solution offered to the European Commission is not ‘ideal’ but Italy's efforts are sufficient to avoid the launch of the excessive deficit procedure, the EU executive announced on Wednesday (19 December).
The European Commission hedged its bets and called for the opening of an excessive deficit procedure against Italy on Wednesday (21 November) as Rome refused once again to revise its draft budget plan.
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 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.
The UK is to roll out a digital services tax (DST) for tech giants from April 2020 in a move that breaks an international stalemate on the subject. The rates, however, differ substantially from the EU’s own DST plans.
The rejection of Italy’s draft budget by the European Commission on Tuesday is unprecedented in the history of the Stability and Growth Pact. Member states cannot sit idly by but must take a more active role in the political conflict over fiscal sovereignty.
The EU's Economic and Financial Affairs Commissioner Pierre Moscovici has rallied the cause for an EU-wide digital tax to be rolled out in time for Christmas, amid a raft of opposition on the plans from member states, legal experts and industry associations.
Frans Timmermans confirmed on Wednesday (10 October) that he wants to succeed Jean-Claude Juncker as president of the European Commission next year, dismissing concerns that he has made too many enemies to stand a fighting chance of succeeding his current boss.