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The Council agreed on a new system for resolving double taxation disputes between member states. Ministers also discussed a proposal for a common corporate tax base (CCTB) in the EU, aimed at reducing the administrative burden of multinational companies.
Member States should use the window of opportunity offered by the economic recovery to pursue structural reforms, boost investment and strengthen their public finances.
The European economy has entered its fifth year of recovery, which is now reaching all EU Member States. This is expected to continue at a largely steady pace this year and next.
Having reached the middle of its mandate, the European Commission published today the mid-term review of its Digital Single Market strategy. It takes stock of the progress made, calls on co-legislators to swiftly act on all proposals already presented, and outlines further actions on online platforms, data economy and cybersecurity.
The reforms provide simpler and more proportionate rules for over-the-counter derivatives to reduce costs and regulatory burdens for market participants without compromising financial stability.
Today's package of measures will make it easier for people and companies to manage their paperwork online in their home country or when working, living or doing business in another EU country and it will help ensure that commonly agreed EU rules are respected.
Today the European Commission launches a new initiative for the sustainable development of the blue economy in the Western Mediterranean region.
The European Commission is today presenting an Action Plan that sets out ways to provide European consumers with greater choice and better access to financial services across the EU.
The Council discussed the implementation of country-specific recommendations under the 'European Semester', focusing on the reform experiences in this area in the member states.
The European Commission today publishes its annual analysis of the economic and social situation in the Member States, including an assessment of remaining imbalances.
The Council agreed its position on rules aimed at closing down 'hybrid mismatches' with the tax systems of third countries. It also set its priorities for the 2018 EU budget, calling for a realistic budget that strikes the right balance between fiscal consolidation and new investments conducive to growth and jobs.
The Council agreed on a general approach to strengthen consumer protection cooperation in the internal market. Effective consumer protection has to respond in particular to the challenges of the digital economy and the development of cross-border retail trade in the EU.
Having proven resilient to global challenges last year, the European economic recovery is expected to continue this year and next: for the first time in almost a decade, the economies of all EU Member States are expected to grow throughout the entire forecasting period (2016, 2017 and 2018). However, the outlook is surrounded by higher-than-usual uncertainty.
The Investment Plan for Europe is now expected to trigger more than €168 billion in total investments. This comes just two years after the Plan was launched by the Juncker Commission and represents well over half of the €315 billion target of total investments mobilised that was originally earmarked.
The Council discussed growth prospects and macroeconomic imbalances under the 'European Semester', the EU's annual policy monitoring process. It adopted conclusions and approved a draft recommendation on the economic policies of the euro area.
One year after adopting its Circular Economy Package, the Commission today reports on the delivery and progress of key initiatives of its 2015 Action Plan.
Today the Commission is presenting an ambitious and balanced package of measures that will make it easier for companies and professionals to provide services to a potential customer base of 500 million people in the EU.