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The Council and European Parliament reached agreement on a 2017 EU budget. Total commitments were set at €157.88 billion and payments at €134.49 billion.
Commission sets EU's economic and social priorities for the year ahead, confirms the need to move towards a more positive fiscal stance for the euro area, and completes assessment of euro area Member States' Draft Budgetary Plans.
Economic growth in Europe is expected to continue at a moderate pace, as recent labour market gains and rising private consumption are being counterbalanced by a number of hindrances to growth and the weakening of supportive factors.
The Council agreed on the criteria and the process for the establishment of an EU list of non-cooperative jurisdictions in taxation matters. It also agreed on a proposal granting access for tax authorities to information held by authorities responsible for the prevention of money laundering.
Parliament demanded more funds, to help young people into jobs, boost economic growth and assist third countries with a view to mitigating the migration crisis, in a plenary vote.
The Commission has today announced plans to overhaul the way in which companies are taxed in the Single Market, delivering a growth-friendly and fair corporate tax system.
The Commission called upon Member States to support its efforts to provide the European Union with updated, strengthened and more robust trade defence instruments.
The European Court of Auditors gave the EU annual accounts a clean bill of health for the 9th year in a row. The Court found that, in particular in cohesion policy and agriculture, the overall estimated level of error for payments has further declined from 4.4% in 2014 to 3.8% in 2015.
The Council adopted conclusions on climate change ahead of the 22nd conference of the parties (COP22) to the UN framework convention on climate change, to be held in Marrakesh from 7 to 18 November 2016.
Ministers discussed the collaborative economy. The debate showed considerable encouragement for a balanced development of the collaborative economy in Europe to the benefit of consumers and businesses alike.
In line with the initiative "EU budget focused on results" and with the efforts for Better Regulation, today the Commission is taking stock of the work conducted by the High Level Group on Simplification for the beneficiaries of the European Structural and Investment Funds (ESI Funds).
Customs authorities across the EU seized an estimated five million more counterfeit items in 2015 than the previous year, according to new figures released today by the European Commission.
The European Commission is forging ahead with work to draw up a first common EU list of non-cooperative tax jurisdictions by presenting a pre-assessment ('scoreboard of indicators') of all third countries according to key indicators.
A staggering €159.5 billion in Value Added Tax (VAT) revenues were lost across the EU in 2014 according to figures released by the European Commission today.
The European Commission published its 2016 Consumer Markets Scoreboard which monitors EU consumers' ratings of how 42 goods and services markets work.
The European Commission has concluded that Ireland granted undue tax benefits of up to €13 billion to Apple. This is illegal under EU state aid rules, because it allowed Apple to pay substantially less tax than other businesses. Ireland must now recover the illegal aid.
Euro area annual inflation was 0.2% in July 2016, up from 0.1% in June. In July 2015 the rate was 0.2%. European Union annual inflation was also 0.2% in July 2016, up from 0.1% in June. A year earlier the rate was 0.2%.