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Ministers prepared for upcoming international discussions on digital taxation. They also discussed a set of new excise duty rules applicable in the EU regime. The Council adopted conclusions on the implementation of the 2018 country-specific recommendations as well as an update of the EU list of non-cooperative tax jurisdictions.
The European economy is forecast to continue expanding for the seventh year in a row in 2019, with real GDP expected to grow in all EU Member States. As global uncertainties continue to weigh, domestic dynamics are set to support the European economy. Growth is expected to gather pace again next year.
The Commission takes stock of the progress achieved in building a Single Market for capital, including as regards sustainable finance, and calls on EU leaders to keep up the political engagement to lay down the foundation of the Capital Markets Union.
The Council adopted new conclusions on the EU list of non-cooperative jurisdictions for tax purposes. Ministers also discussed excise duty regime, the digital services tax, InvestEU and the European Semester.
The European Commission today published a comprehensive report on the implementation of the Circular economy action plan it adopted in December 2015. The report presents the main results of implementing the action plan and sketches out open challenges to paving the way towards a climate-neutral, competitive circular economy where pressure on natural and freshwater resources as well as ecosystems is minimised.
In its annual assessment of the economic and social situation in the Member States, the European Commission today stresses the need to promote investment, pursue responsible fiscal policies and implement well-designed reforms.
Ministers discussed the architecture of financial supervision, decision-making in EU tax policy and issues related to the EU budget.
The European economy is expected to grow for the seventh year in a row in 2019, with expansion forecast in every Member State. The pace of growth overall is projected to moderate compared to the high rates of recent years and the outlook is subject to large uncertainty.
Finance ministers discussed the European system of financial supervision, InvestEU, Romanian priorities, the European Semester and the follow up to the December Euro-summit.
Parliament has adopted its position on a new EU programme to support investment and access to finance from 2021 to 2027. The new InvestEU programme follows and replaces the current EFSI (European Fund for Strategic Investments), set up after the financial crisis.
For next year’s budget, MEPs have secured better support for students, unemployed youngsters and researchers. Commitment appropriations for 2019 total €165.8 billion; payment appropriations total €148.2 billion.