Stefan Lehner Director European Commission Directorate-General for Budget Presentation for the HLG on OR 23 March 2015
|
|
- Philippa Kathleen Gray
- 5 years ago
- Views:
Transcription
1 An own resource based on VAT Stefan Lehner Director European Commission Directorate-General for Budget Presentation for the HLG on OR 23 March
2 Why VAT? In general, Value added tax (VAT) is visible, broad-based and represents a major source of revenue. It taxes final consumption, not a specific factor of production. Its distributional impact is an issue; most countries mitigate this concern by setting reduced or zero rates for socially sensitive goods and services, but not only. For the EU, VAT allows efficient cross border trading. A common VAT system has been a cornerstone for the creation of the single market since the first VAT directive in
3 Why VAT as an own resource? VAT was to become the single market tax, from which a small share should accrue to the level which ensures that the market functions effectively. It was first decided to have a VAT own resource in 1970; it was paid for the first time in In the early 1990s, even after the introduction of the GNP-based own resource, the VAT own resource was the biggest source of EU budget revenue. 3
4 Budget Revenue: evolution ,20% EU budget revenue (in % of EU GNI) Other revenue & surplus 1,00% 0,80% GNI-based own resource VAT-based own resource Traditional own resources (custom duties & sugar levies) Financial contributions Other revenue & surplus GNI-based own resource 0,60% VAT-based own resource 0,40% 0,20% Financial contributions Traditional own resources (custom duties & sugar levies) 0,00%
5 The difficulties of the current VAT own resource The intended full harmonisation of the VAT base across the EU was not achieved. For numerous goods and services, Member States retain derogations to apply reduced rates or even a zero VAT rate. The rates themselves differ widely. The current VAT own resource has therefore become stuck with complex calculations to approximate statistically what a harmonised VAT base would look like. In addition, since 1992 each round of "financial package negotiations" has reduced the importance of the VAT own resource in favour of the GNI own resource, due to the perceived regressivity for some Member States. 5
6 6
7 Today part 2 - What the Commission does: NB. - The harmonised VAT base is used to calculate the UK rebate - DE, NL and SE have a rebate on the VAT OR %age (the "call rate") 7
8 Why end the current VAT own resource? It is complex, it lacks transparency. No link to EU policies - in particular EU VAT policy. Member States have continuously reduced its share in EU financing. With capping it is a two-tier system: for several Member States it is in reality a GNI-based resource 8
9 Why have a new VAT own resource? After stalling for some time when harmonisation proved unachievable the Commission launched new inititatives in 2011 as set out in the Commission Communication on the Future of VAT*. Those initiatives aimed at simplifying the system: making it easier to operate while widening the tax base, making it more robust and more resistant to fraud. In parallel, the Commission proposed in 2011 a new VAT own resource to take the opportunity to design a new more policy-linked system, taking current VAT legislation as a starting point, but able to adapt easily to changes that are expected to emerge in the VAT regimes in Member States. The new Commission proposal aims at obtaining a much simpler VAT resource calculation, addressing past criticism concerning the complexity and resource costs of the old system. * COM (2022) 859 9
10 2011 COM proposal for a new VAT OR What is different It has a new EU-wide centre piece: - It focuses on the common denominator - taking only those items on which all consumers, regardless of which Member State they are in, pay a standard-rate of VAT when they buy. This also means the new method can be much simpler than the old. 10
11 11
12 Summary of 2011 COM proposal Compared to current system Fewer corrections, no compensations, no weighted average rate, centralized calculation of the proportion to be applied to receipts, valid for several years, no capping. System simpler, more transparent and predictable, much easier to control. But new VAT-based OR still a revenue transfer, no direct link between taxpayer and EU budget. 12
13 Other possible forms of an OR based on VAT (1) A combined VAT rate of the national and a new EU rate: Direct link between EU and tax payer. Possibilities: A full fledged parallel EU VAT allows EU to define taxable transactions and rates. But requires a second VAT system to be administered, and would require a Treaty change. A share of national VAT, identified on the tax payer receipt option: EU VAT rates could be "modulated" to have EU standarded rated and EU reduced rated transactions, but must not discriminate; alternative: "singlerated" EU VAT on all transactions (but: how to apply to "zero rated" goods?!) Key issue: Implementation will put considerable cost on businesses and national tax administrations, at least initially. 13
14 Other possible forms of an OR based on VAT (2) EU VAT on imported goods: Possibilities: Adding a new VAT resource on top of existing VAT on imports: illegal under GATT. Taking a share of existing VAT on imports: possible, but very narrow base; problem of different rate structures between MS remains (zero rated goods apply zero import VAT). Risks to be seen as "Rotterdam II". Calculating national contributions on the basis of imports: no link with taxpayer, even more clearly "Rotterdam II". 14
15 Key elements for the design of any VAT-based OR How to deal with the incomplete harmonisation of the tax base: Complete the tax base by statistical corrections (the current system): Can deliver accepted approximation, but major effort, continuously contested details, intransparent. OR: Take a harmonised subset (the 2011 CION proposal): Much simpler, but not simple; smaller base, i.e. higher share required. What visibility should the VAT-based OR have for the taxpayer: Visibility on the tax receipt (the "Langes" Report, the 2004 CION suggestion): Direct link between citizen and EU, but major investment and continuous running costs for businesses. OR: No visibility for the tax payer, contribution calculated by the MS in different ways (the current system, the 2011 CION proposal): Much simpler, only central governments involved, extent of simplification depends on calculation procedure. 15
16 An own resource based on VAT Stefan Lehner Director European Commission Directorate-General for Budget Presentation for the HLG on OR 23 March
COMMUNICATION FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT, THE COUNCIL AND THE EUROPEAN ECONOMIC AND SOCIAL COMMITTEE
EUROPEAN COMMISSION Brussels, 4.10.2017 COM(2017) 566 final COMMUNICATION FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT, THE COUNCIL AND THE EUROPEAN ECONOMIC AND SOCIAL COMMITTEE On the follow-up to
More informationQuestions and Answers: Value Added Tax (VAT)
MEMO/11/874 Brussels, 6 December 2011 Questions and Answers: Value Added Tax (VAT) 1. General background What is VAT? VAT is a consumption tax, charged on most goods and services traded for use or consumption
More informationThe new Own Resources Legislation for the period of the MFF
The new Own Resources Legislation for the period of the MFF 2014-2020 European Commission Chapter 33: Financial and Budgetary Provisions Explanatory meeting with Serbia Brussels, 27 January 2015 1 Background
More informationEuropean Economic and Social Committee OPINION. European Economic and Social Committee
European Economic and Social Committee ECO/442 VAT reform package (I) OPINION European Economic and Social Committee Communication from the Commission to the European Parliament, the Council and the European
More informationREPORT ON THE OUTCOME OF THE CONSULTATION ON ''SIMPLIFICATION OF VAT COLLECTION PROCEDURES IN RELATION TO CENTRALIZED CUSTOMS CLEARANCE"
Ref. Ares(2011)164053-15/02/2011 EUROPEAN COMMISSION DIRECTORATE-GENERAL TAXATION AND CUSTOMS UNION Indirect Taxation and Tax administration VAT and other turnover taxes Brussels, January 2011 KV/am taxud.c.1
More informationCOMMISSION OF THE EUROPEAN COMMUNITIES. Proposal for a COUNCIL DIRECTIVE
COMMISSION OF THE EUROPEAN COMMUNITIES Brussels, 7.11.2007 COM(2007) 677 final 2007/0238 (CNS) Proposal for a COUNCIL DIRECTIVE amending VAT Directive 2006/112/EC of 28 November 2006 on the common system
More informationQ&A: The EU's high-level group on own resources
EUROPEAN COMMISSION MEMO Strasbourg, 25 February 2014 Q&A: The EU's high-level group on own resources The high-level group on own resources has been formally established today by the Presidents of the
More informationSummary Report Responses to the public consultation on the special scheme for small enterprises under the VAT Directive
EUROPEAN COMMISSION DIRECTORATE-GENERAL TAXATION AND CUSTOMS UNION Indirect Taxation and Tax administration Value added tax Brussels, 11 Apr. 17 taxud.c.1(2017) 2171823 Summary Report Responses to the
More informationDefinitive VAT-system for Cross-Border Trade
POSITION PAPER 21 December 2017 Definitive VAT-system for Cross-Border Trade KEY MESSAGES 1 2 3 We welcome the European Commission s commitment to the creation of a single VAT-area based on maximum simplicity,
More informationProposal for a COUNCIL DIRECTIVE. amending Directive 2006/112/EC as regards rates of value added tax. {SWD(2018) 7 final} - {SWD(2018) 8 final}
EUROPEAN COMMISSION Brussels, 18.1.2018 COM(2018) 20 final 2018/0005 (CNS) Proposal for a COUNCIL DIRECTIVE amending Directive 2006/112/EC as regards rates of value added tax {SWD(2018) 7 final} - {SWD(2018)
More informationCOMMISSION STAFF WORKING DOCUMENT EXECUTIVE SUMMARY OF THE IMPACT ASSESSMENT. Accompanying the document. Proposal for a Council Directive
EUROPEAN COMMISSION Brussels, 23.10.2013 SWD(2013) 426 final COMMISSION STAFF WORKING DOCUMENT EXECUTIVE SUMMARY OF THE IMPACT ASSESSMENT Accompanying the document Proposal for a Council Directive amending
More informationEuropean Commission Green Paper on the Future of VAT Towards a simpler, more robust and efficient VAT system
27 May 2011 European Commission Directorate-General for Taxation and Customs Union VAT and other turnover taxes Unit C1 Rue Joseph II 79, Office J79 05/093 B-1049 Brussels By email: TAXUD-VATgreenpaper@ec.europa.eu
More informationProposal for a COUNCIL IMPLEMENTING DECISION
EUROPEAN COMMISSION Brussels, 13.2.2018 COM(2018) 68 final 2018/0027 (NLE) Proposal for a COUNCIL IMPLEMENTING DECISION authorising Denmark to apply a special measure derogating from Article 75 of Council
More informationEU Budget for the future New legislative package for cohesion policy #CohesionPolicy #EUinmyRegion
EU Budget for the future New legislative package for cohesion policy 2021-2027 #CohesionPolicy #EUinmyRegion ALIGNED TO POLITICAL PRIORITIES Simplification, transparency and flexibility Source: European
More informationSpeech at the International tax symposium "Dynamics of International Tax Competition: Opportunity or Threat?"
Speech at the International tax symposium "Dynamics of International Tax Competition: Opportunity or Threat?" Tax policy coordination for more growth and employment the EU agenda Introduction Ladies and
More informationCOMMUNICATION FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT AND THE COUNCIL. Building a fair, competitive and stable corporate tax system for the EU
EUROPEAN COMMISSION Strasbourg, 25.10.2016 COM(2016) 682 final COMMUNICATION FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT AND THE COUNCIL Building a fair, competitive and stable corporate tax system
More informationDECISIONS. COUNCIL DECISION of 26 May 2014 on the system of own resources of the European Union. (2014/335/EU, Euratom)
7.6.2014 L 168/105 DECISIONS COUNCIL DECISION of 26 May 2014 on the system of own resources of the European Union (2014/335/EU, Euratom) THE COUNCIL OF THE EUROPEAN UNION, Having regard to the Treaty on
More informationTackling Aggressive Tax Planning in the European Union - Recent Developments
Tackling Aggressive Tax Planning in the European Union - Recent Developments Dr Christiana HJI Panayi Senior Lecturer in Tax Law Queen Mary University of London 1 Important recent developments Digital
More informationCOMMISSION OF THE EUROPEAN COMMUNITIES. Amended proposal for a COUNCIL DIRECTIVE
COMMISSION OF THE EUROPEAN COMMUNITIES Brussels, 8.7.2004 COM(2004) 468 final 2003/0091 (CNS) Amended proposal for a COUNCIL DIRECTIVE amending Directive 77/388/EEC as regards value added tax on services
More informationCouncil of the European Union Brussels, 25 June 2018 (OR. en)
Council of the European Union Brussels, 25 June 2018 (OR. en) Interinstitutional File: 2018/0076 (COD) 10345/18 EF 174 ECOFIN 642 CONSOM 190 IA 223 CODEC 1131 'I' ITEM NOTE From: To: No. Cion doc.: Subject:
More informationTax Reform: An International Perspective
Tax Reform: An International Perspective The President s Advisory Panel on Federal Tax Reform San Francisco 31 March 2005 Jeffrey Owens Head Centre for Tax Policy and Administration Organisation for Economic
More informationTax harmonisation versus tax competition in Europe
SPEECH/05/624 László Kovács European Commissioner for Taxation and Customs Tax harmonisation versus tax competition in Europe Conference «Tax harmonisation and legal uncertainty in Central and Eastern
More informationThe European Court Of Auditor s Perspective On The Management And Control Of EU Funds
Revista de Estudos Politécnicos Polytechnical Studies Review 2008, Vol VI, nº 10, 007-027 ISSN: 1645-9911 The European Court Of Auditor s Perspective On The Management And Control Of EU Funds An overview
More informationSubmission to the Independent Tax Review Committee, Newfoundland and Labrador
Submission to the Independent Tax Review Committee, Newfoundland and Labrador Introduction The Investment Industry Association of Canada (IIAC) welcomes the opportunity to present our views to the Independent
More informationProposal for a COUNCIL DIRECTIVE
EUROPEAN COMMISSION Brussels, 25.5.2018 COM(2018) 298 final 2018/0150 (CNS) Proposal for a COUNCIL DIRECTIVE amending Directive 2006/112/EC on the common system of value added tax as regards the period
More information13999/18 KAD/JP/vm ECOMP.2.B
Brussels, 27 November 2018 (OR. en) Interinstitutional File: 2018/0367 (NLE) 13999/18 FISC 452 ECOFIN 1026 LEGISLATIVE ACTS AND OTHER INSTRUMTS Subject: COUNCIL IMPLEMTING DECISION authorising the Netherlands
More informationVAT for Public Entities and Charities
VAT for Public Entities and Charities Current Issues and Proposals CFE Forum 27 April 2006 Rolf DIEMER European Commission DG Taxation and Customs Union Unit D1: Value Added Tax and other turnover taxes
More informationALDE POSITION PAPER ON EU BUDGET POST 2013
ALDE POSITION PAPER ON EU BUDGET POST 2013 1. Background Since 1988, annual EU budgets are based on a Multiannual financial framework (henceforth MFF) agreed between the European Parliament, Council and
More informationPublic Consultation on the Definitive VAT system for Business to Business (B2B) intra-eu transactions on goods.
Contribution ID: f9885e24-630d-46d3-9e3f-c0658d9e11a5 Date: 20/03/2017 11:31:41 Public Consultation on the Definitive VAT system for Business to Business (B2B) intra-eu transactions on goods. Fields marked
More informationProposal for a COUNCIL DECISION. on the system of own resources of the European Union. (//EC, Euratom) {SEC(2011) 876 final}
EUROPEAN COMMISSION Brussels, 29.6.2011 COM(2011) 510 final 2011/0183 (CNS) Proposal for a COUNCIL DECISION on the system of own resources of the European Union (//EC, Euratom) {SEC(2011) 876 final} EXPLANATORY
More informationORGALIME POSITION PAPER on the creation of a European Private Company Statute
ORGALIME POSITION PAPER on the creation of a European Private Company Statute Commission Communication COM (2003) 284 final Brussels, 3 August 2006 1. Introduction Orgalime represents the interests of
More informationReform of the U.S. Tax Regime The Swiss Perspective
Tax Newsletter / February 2018 Reform of the U.S. Tax Regime The Swiss Perspective 1. Introduction On December 22, 2017, U.S. President Donald Trump signed the Tax Cuts and Jobs Act ("TCJA") into law,
More informationEUROPEAN COMMISSION DIRECTORATE-GENERAL TAXATION AND CUSTOMS UNION
EUROPEAN COMMISSION DIRECTORATE-GENERAL TAXATION AND CUSTOMS UNION Direct taxation, Tax Coordination, Economic Analysis and Evaluation Direct Tax Policy & Cooperation Brussels, 3 September 2014 TAXUD.D.2
More informationDRAFT REPORT. EN United in diversity EN. European Parliament 2017/2053(INI)
European Parliament 2014-2019 Committee on Budgets 2017/2053(INI) 10.1.2018 DRAFT REPORT on reform of the European Union s system of own resources (2017/2053(INI)) Committee on Budgets Co-rapporteurs:
More informationDelegations will find attached the abovementioned opinion. Please note that other language versions should be available at :
Council of the European Union Brussels, 17 October 2017 (OR. en) 13306/17 FISC 227 COVER NOTE From: To: Subject: General Secretariat of the Council Delegations OPINION of the European Economic and Social
More informationProposal for a COUNCIL DIRECTIVE
EUROPEAN COMMISSION Brussels, 18.1.2018 COM(2018) 21 final 2018/0006 (CNS) Proposal for a COUNCIL DIRECTIVE amending Directive 2006/112/EC on the common system of value added tax as regards the special
More informationINCEPTION IMPACT ASSESSMENT
TITLE OF THE INITIATIVE LEAD DG RESPONSIBLE UNIT AP NUMBER LIKELY TYPE OF INITIATIVE INCEPTION IMPACT ASSESSMENT Re-launch of the Common Consolidated Corporate Tax Base (CCCTB) DG TAXUD.D DATE OF ROADMAP
More informationREPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT AND THE COUNCIL
EN EN EN EUROPEAN COMMISSION Brussels, 17.11.2010 COM(2010) 676 final REPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT AND THE COUNCIL The application of Council Regulation 2157/2001 of 8 October
More informationCouncil of the European Union Brussels, 8 February 2017 (OR. en) Mr Jeppe TRANHOLM-MIKKELSEN, Secretary-General of the Council of the European Union
Council of the European Union Brussels, 8 February 2017 (OR. en) Interinstitutional File: 2017/0018 (NLE) 6080/17 FISC 37 PROPOSAL From: date of receipt: 7 February 2017 To: No. Cion doc.: Subject: Secretary-General
More informationOpinion Statement FC 9/2017. European Commission Proposals on the way towards a single European VAT area
Opinion Statement FC 9/2017 on European Commission Proposals on the way towards a single European VAT area Prepared by the CFE Fiscal Committee Submitted to the European Institutions on 1 December 2017
More informationCOMMISSION OF THE EUROPEAN COMMUNITIES. Proposal for a REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL
EN EN EN COMMISSION OF THE EUROPEAN COMMUNITIES Brussels, 13.10.2008 COM(2008) 640 final 2008/0194 (COD) Proposal for a REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on cross-border payments
More informationFree Circulation of Goods in the OECS
ORGANISATION OF EASTERN CARIBBEAN STATES Free Circulation of Goods in the OECS Presentation to the St Lucia Chamber of Commerce 2 April, 2013 OECS Economic Integration is about removing barriers between
More informationOPINION OF THE EUROPEAN CENTRAL BANK
EN ECB-PUBLIC OPINION OF THE EUROPEAN CENTRAL BANK of 5 February 2014 on a proposal for a regulation of the European Parliament and of the Council on interchange fees for card-based payment transactions
More informationWhy not VAT on intra-eu supplies of goods and services? Christian Amand September 18th 2018
Why not VAT on intra-eu supplies of goods and services? Christian Amand September 18th 2018 1957: how to combine turnover taxes levied a each stage of the production with a future internal market? (Campet
More informationProposal for a COUNCIL IMPLEMENTING DECISION
EUROPEAN COMMISSION Brussels, 29.5.2015 COM(2015) 231 final 2015/0118 (NLE) Proposal for a COUNCIL IMPLEMENTING DECISION amending Decision 2009/790/EC in order to authorise Poland to extend the application
More informationProposal for a COUNCIL DIRECTIVE
EUROPEAN COMMISSION Brussels, 19.12.2017 COM(2017) 783 final 2017/0349 (CNS) Proposal for a COUNCIL DIRECTIVE amending Directive 2006/112/EC on the common system of value added tax, with regard to the
More informationProposal for a COUNCIL IMPLEMENTING DECISION
EUROPEAN COMMISSION Brussels, 5.8.2016 COM(2016) 497 final 2016/0245 (NLE) Proposal for a COUNCIL IMPLEMENTING DECISION authorising the Republic of Poland to continue to apply a measure derogating from
More informationCouncil of the European Union Brussels, 20 June 2018 (OR. en)
Council of the European Union Brussels, 20 June 2018 (OR. en) Interinstitutional Files: 2017/0251 (CNS) 2017/0249 (NLE) 2017/0248 (CNS) 10335/18 FISC 266 ECOFIN 638 NOTE From: To: No. Cion doc.: Subject:
More informationQuestions and answers: GST on low-value imported goods an offshore supplier registration system
October 2018 Questions and answers: GST on low-value imported goods an offshore supplier registration system Summary of the proposals From 1 October 2019: Offshore suppliers would be required to register,
More informationIMPACT OF GOODS AND SERVICE TAX (GST)
244 Journal of Management and Science ISSN: 2249-1260 e-issn: 2250-1819 Special Issue. No.1 Sep 17 IMPACT OF GOODS AND SERVICE TAX (GST) Mrs. M.Shanthini Devi Assistant professor Department of Commerce
More informationCouncil of the European Union Brussels, 12 August 2016 (OR. en)
Council of the European Union Brussels, 12 August 2016 (OR. en) 11674/16 FISC 128 COVER NOTE From: date of receipt: 13 July 2016 To: Subject: European Economic and Social Committee General Secretariat
More informationCouncil of the European Union Brussels, 4 December 2015 (OR. en) Mr Jeppe TRANHOLM-MIKKELSEN, Secretary-General of the Council of the European Union
Council of the European Union Brussels, 4 December 2015 (OR. en) Interinstitutional File: 2015/0275 (COD) 14975/15 ADD 3 COVER NOTE From: date of receipt: 3 December 2015 To: No. Cion doc.: Subject: ENV
More informationProjects and plans of the Czech Ministry of finance
Projects and plans of the Czech Ministry of finance Andrej Babiš Regional Tax Conference 18. 5. 2017 of the Czech Republic, Letenská 15, 118 10 Prague 1, +420 257 041 2 Content MANAGEMENT OF PUBLIC FINANCES
More informationCurrent Overview of UK & EU Economic Relations
29 March 2016 EU Briefing Current Overview of UK & EU Economic Relations EU standing amidst global markets While the growth in non-eu economies has outpaced the growth of EU economies, mainly due to BRIC
More informationECB-PUBLIC OPINION OF THE EUROPEAN CENTRAL BANK. of 31 August 2018
EN ECB-PUBLIC OPINION OF THE EUROPEAN CENTRAL BANK of 31 August 2018 on a proposal for a regulation on certain charges on cross-border payments in the Union and currency conversion charges (CON/2018/38)
More informationScreening report Turkey
10 January 2008 Screening report Turkey Chapter 33 Financial and budgetary provisions Date of screening meetings: Explanatory meeting: 6 September 2006 Bilateral meeting: 4 October 2006 1 I. CHAPTER CONTENT
More informationEY Slovenia. Tax News - Oktober
10 November 2017 EY Slovenia Tax News Tax News - Oktober In this edition of EY Tax News, we inform you about the proposed tax law changes in Slovenia in relation to: Personal Income Tax Act Corporate Income
More informationEU VAT Forum. Consolidated report on Cooperation between Member States and Businesses in the field of e-commerce/modern commerce
EUROPEAN COMMISSION DIRECTORATE-GENERAL TAXATION AND CUSTOMS UNION Indirect Taxation and Tax administration Tax administration and fight against tax fraud taxud.c.4(2018) 1507602 12.03.2018 EU VAT Forum
More informationCONSULTATION DOCUMENT CAPITAL MARKETS UNION: ACTION ON A POTENTIAL EU PERSONAL PENSION FRAMEWORK
CONSULTATION DOCUMENT CAPITAL MARKETS UNION: ACTION ON A POTENTIAL EU PERSONAL PENSION FRAMEWORK A. INFORMATION ABOUT THE RESPONDENT (p8) 1. Are you replying as: an organisation or a company 2. First Name,
More informationCouncil of the European Union Brussels, 10 April 2017 (OR. en) Mr Jeppe TRANHOLM-MIKKELSEN, Secretary-General of the Council of the European Union
Council of the European Union Brussels, 10 April 2017 (OR. en) Interinstitutional File: 2017/0078 (NLE) 8066/17 FISC 74 ECOFIN 269 PROPOSAL From: date of receipt: 7 April 2017 To: No. Cion doc.: Subject:
More information* DRAFT REPORT. EN United in diversity EN. European Parliament 2016/0370(CNS)
European Parliament 2014-2019 Committee on Economic and Monetary Affairs 2016/0370(CNS) 23.5.2017 * DRAFT REPORT on the proposal for a Council directive amending Directive 2006/112/EC and Directive 2009/132/EC
More informationBrussels, 18 March 2010 COUNCIL OF THE EUROPEAN UNION 7614/10. Interinstitutional File: 2009/0009 (CNS) FISC 26
COUNCIL OF THE EUROPEAN UNION Brussels, 18 March 2010 Interinstitutional File: 2009/0009 (CNS) 7614/10 FISC 26 OUTCOME OF PROCEEDINGS of: ECOFIN Council on: 16 March 2010 No. Cion prop.: 5985/09 FISC 13
More informationProposal for a COUNCIL IMPLEMENTING DECISION
EUROPEAN COMMISSION Brussels, 9.2.2018 COM(2018) 59 final 2018/0024 (NLE) Proposal for a COUNCIL IMPLEMENTING DECISION authorising the Republic of Latvia to introduce a special measure derogating from
More informationLisboa, 19 junho Altis Grand Hotel Sala Roma
Lisboa, 19 junho 2018 Altis Grand Hotel Sala Roma EU Budget for the future Cohesion Policy 2021-27 Lisbon, 19 June 2018 Rudolf Niessler and Carole Mancel-Blanchard Key Elements Modern Focus on smart, low
More informationSafeguarding EU funds against fraud & corruption. Jana Mittermaier, Director TI EU Office, Brussels
Safeguarding EU funds against fraud & corruption Jana Mittermaier, Director TI EU Office, Brussels Positive developments + EU anti-corruption report (focus public procurement) + Proposal on fight against
More informationEUROPEAN COMMISSION DIRECTORATE-GENERAL TAXATION AND CUSTOMS UNION Analyses and tax policies Analysis and Coordination of tax policies
EUROPEAN COMMISSION DIRECTORATE-GENERAL TAXATION AND CUSTOMS UNION Analyses and tax policies Analysis and Coordination of tax policies Brussels, 28 July 2006 Taxud E1, RP CCCTB\WP\042\doc\en Orig. EN COMMON
More informationCOMMISSION DECISION. of
EUROPEAN COMMISSION Brussels, 10.12.2013 C(2013) 8197 final COMMISSION DECISION of 10.12.2013 authorising the use of reimbursement on the basis of unit costs for the personnel costs of the owners of small
More informationCouncil of the European Union Brussels, 11 August 2017 (OR. en) Mr Jeppe TRANHOLM-MIKKELSEN, Secretary-General of the Council of the European Union
Council of the European Union Brussels, 11 August 2017 (OR. en) Interinstitutional File: 2017/0188 (NLE) 11653/17 FISC 173 PROPOSAL From: date of receipt: 9 August 2017 To: No. Cion doc.: Subject: Secretary-General
More informationAutumn Budget 2017: The Budget, in full
www.ukbudget.com 22 November 2017 Autumn Budget 2017: The Budget, in full Contents Introduction 1 Tackling tax avoidance, evasion and non-compliance 2 Real estate 2.1 UK real estate 2.2 CGT payment deadline
More informationG10 PROPOSAL ON OTHER MARKET ACCESS ISSUES
G10 PROPOSAL ON OTHER MARKET ACCESS ISSUES I. SSG 1. The Special Safeguard Clause of (SSG) is a negotiated and integral part of the agricultural reform process enshrined in the Agreement on Agriculture
More information* DRAFT REPORT. EN United in diversity EN. European Parliament 2018/0006(CNS)
European Parliament 2014-2019 Committee on Economic and Monetary Affairs 2018/0006(CNS) 17.5.2018 * DRAFT REPORT on the proposal for a Council directive amending on the common system of value added tax
More information3.2. EU Interest-Royalty Directive Background and force
3.2. EU Interest-Royalty Directive 3.2.1. Background and force Force The Council Directive (2003/49/EC) on a Common System of Taxation Applicable to Interest and Royalty Payments Made between Associated
More informationThe Commission s Study on Company
HOME STATE TAXATION VS. COMMON BASE TAXATION jurisdictions by an automatic formula, and taxed at the national tax rates, which member states will continue to establish themselves. A comprehensive solution
More information1. A BUDGET CONNECTED TO THE PRIORITIES OF THE EUROPEAN UNION
MULTIANNUAL FINANCIAL FRAMEWORK: A STRATEGIC TOOL FOR MEETING THE GOALS OF THE EUROPEAN UNION With the present paper, the Italian Government intends to draw its vision for the future Multiannual Financial
More informationECB/EC financial integration conference Frankfurt 25 April Panel: CMU: Long Term vision and contribution to financial integration
ECB/EC financial integration conference Frankfurt 25 April 2016 Panel: CMU: Long Term vision and contribution to financial integration Guillaume Prache Managing Director Better Finance Thank you to the
More information4th MEETING of the High Level Expert Group on Monitoring Simplification for Beneficiaries of ESI Funds Gold-plating
4th MEETING of the High Level Expert Group on Monitoring Simplification for Beneficiaries of ESI Funds Gold-plating 1. The members of the High Level Group agree that gold-plating practices are one of the
More informationStéphane Buydens VAT Policy Advisory Consumption Taxes Unit OECD 2, rue André Pascal Paris France. 24 September 2012
Stéphane Buydens VAT Policy Advisory Consumption Taxes Unit OECD 2, rue André Pascal 75775 Paris France 24 September 2012 Comments on OECD International VAT/GST Guidelines Draft Commentary on the International
More informationThe European Union s Capital Markets Union: where do we stand?
Deutsche Bank Global Transaction Banking The European Union s Capital Markets Union: where do we stand? #PositiveImpact The European Union s Capital Markets Union: where do we stand? In the wake of the
More informationEUROPEAN COMMISSION DIRECTORATE-GENERAL TAXATION AND CUSTOMS UNION Indirect Taxation and Tax Administration Value Added Tax VEG N O 057
EUROPEAN COMMISSION DIRECTORATE-GENERAL TAXATION AND CUSTOMS UNION Indirect Taxation and Tax Administration Value Added Tax VAT Expert Group 14 th meeting 19 September 2016 taxud.c.1(2016)5532134 EN Brussels,
More informationGST and the States: Sharing Tax Administration
GST and the States: Sharing Tax Administration A SARVAR ALLAM Vol. 51, Issue No. 31, 30 Jul, 2016 A Sarvar Allam (sarvaralam@yahoo.co.in) is Additional Commissioner of Commercial Taxes in Government of
More informationOpinion Draft Regulatory Technical Standard on criteria for establishing when an activity is to be considered ancillary to the main business
Opinion Draft Regulatory Technical Standard on criteria for establishing when an activity is to be considered ancillary to the main business 30 May 2016 ESMA/2016/730 Table of Contents 1 Legal Basis...
More information2006 discharge: European Foundation for the Improvement of Living and Working Conditions
P6_TA-PROV(2008)042 2006 discharge: European Foundation for the Improvement of Living and Working Conditions. European Parliament decision of 22 April 2008 on discharge in respect of the implementation
More informationMEMO. Why a European promotion policy for agricultural products?
EUROPEAN COMMISSION MEMO Brussels, 21 November 2013 Questions & Answers: Reform of the policy on information and promotion measures for agricultural products on the internal market and in third countries:
More informationAustria. Clemens Philipp Schindler and Martina Gatterer. Schindler Attorneys
AUSTRIA Austria Clemens Philipp Schindler and Martina Gatterer Acquisitions (from the buyer s perspective) 1 Tax treatment of different acquisitions What are the differences in tax treatment between an
More informationTAX EVASION AND AVOIDANCE: Questions and Answers
EUROPEAN COMMISSION MEMO Brussels, 6 December 2012 TAX EVASION AND AVOIDANCE: Questions and Answers See also IP/12/1325 Tax Evasion Why has the Commission presented an Action Plan on Tax fraud and evasion?
More informationVAT FRAUD a concern for Tax Administrations but also for Taxpayers
VAT FRAUD a concern for Tax Administrations but also for Taxpayers Donato Raponi European Commission 2014 CESI Conference Brussels, 9-10 October 2014 1 Présentation Powerpoint In this world nothing is
More information12850/18 HK/NT/fh ECOMP.2.B. Council of the European Union Brussels, 22 November 2018 (OR. en) 12850/18. Interinstitutional File: 2017/0248 (CNS)
Council of the European Union Brussels, 22 November 2018 (OR. en) Interinstitutional File: 2017/0248 (CNS) 12850/18 FISC 399 ECOFIN 883 LEGISLATIVE ACTS AND OTHER INSTRUMTS Subject: COUNCIL REGULATION
More informationTowards Global Standards in Transparency and Exchange of Information: Do Tax Havens Still Exist? Pietro Selicato
Master in International Taxation (University of Hamburg) Master in Pianificazione Tributaria Internazionale (Università di Roma Sapienza) Corso Superiore di Polizia Tributaria (Guardia di Finanza) 2 nd
More informationENTSO-E Network Code on Electricity Balancing
Annex II to Recommendation of the Agency for the Cooperation of Energy Regulators No 03/2015 of 20 July 2015 on the Network Code on Electricity Balancing Proposed amendments to the Network Code ENTSO-E
More informationSummary Slides. A European Tracking System for Electricity (E-TRACK)
The E-TRACK project is supported by Summary Slides A European Tracking System for Electricity (E-TRACK) http://www.e-track-project.org August 2007 Project sponsored by the European Commission (EIE/04/141/S07.38594)
More informationDelegations will find attached the abovementioned opinion. Please note that other language versions should be available at :
Council of the European Union Brussels, 6 November 2017 (OR. en) 13925/17 FISC 247 COVER NOTE From: To: Subject: General Secretariat of the Council Delegations OPINION of the European Economic and Social
More information6266/18 JVB/JU/fh DGG 2B
Council of the European Union Brussels, 6 March 2018 (OR. en) Interinstitutional File: 2018/0021 (NLE) 6266/18 FISC 72 ECOFIN 127 LEGISLATIVE ACTS AND OTHER INSTRUMTS Subject: COUNCIL IMPLEMTING DECISION
More informationProposal for a COUNCIL DIRECTIVE. amending Directive 2006/112/EC, as regards rates of value added tax applied to books, newspapers and periodicals
EUROPEAN COMMISSION Brussels, 1.12.2016 COM(2016) 758 final 2016/0374 (CNS) Proposal for a COUNCIL DIRECTIVE amending Directive 2006/112/EC, as regards rates of value added tax applied to books, newspapers
More informationSimplify the management and administrative processes of the programme; Mainstream / simplify the structure of the programme.
Plate forme européenne de la société civile pour l éducation tout au long de la vie European Civil Society Platform on Lifelong Learning - EUCIS-LLL Brussels, January 2011 EUCIS- LLL POSITION ON THE FUTURE
More informationFrequently asked questions on: Single page for Double Taxation. Cross-border workers, Migrant workers and Pensioners
Frequently asked questions on: Single page for Double Taxation. Cross-border workers, Migrant workers and Pensioners Taxation of dividends Property taxes Taxation of income from letting or leasing of real
More informationA. INTRODUCTION AND FINANCING OF THE GENERAL BUDGET. EXPENDITURE Description Budget Budget Change (%)
DRAFT AMENDING BUDGET NO. 2/2018 VOLUME 1 - TOTAL REVENUE A. INTRODUCTION AND FINANCING OF THE GENERAL BUDGET FINANCING OF THE GENERAL BUDGET Appropriations to be covered during the financial year 2018
More informationProposal for a COUNCIL REGULATION
EUROPEAN COMMISSION Brussels, 2.5.2018 COM(2018) 326 final 2018/0131 (NLE) Proposal for a COUNCIL REGULATION on the methods and procedure for making available the Own Resources based on the Common Consolidated
More informationSetting up your Business in Colombia Issues to consider
Colombia is a country on a full development path, with a stable and dynamic economy, with excellent macroeconomic indicators, fiscal discipline, important structural reforms, strong public commitments
More informationCouncil of the European Union Brussels, 29 June 2017 (OR. en) Mr Jeppe TRANHOLM-MIKKELSEN, Secretary-General of the Council of the European Union
Council of the European Union Brussels, 29 June 2017 (OR. en) Interinstitutional File: 2017/0143 (COD) 10654/17 ADD 2 COVER NOTE From: date of receipt: 29 June 2017 To: No. Cion doc.: Subject: EF 138 ECOFIN
More informationVAT and the Digital Economy
VAT and the Digital Economy Overview of Policy Donato Raponi General Context Digital Single Market Strategy one of the Top 10 objectives of the Juncker Commission. VAT identified by business as one of
More information