1101

result(s)

Word(s)
Publication type
Author
Keyword
Date

Member States' capacity to fight tax crimes

31-07-2017

National provisions against tax avoidance and tax evasion, and money laundering laws and their enforcement vary widely from one Member State to the next. This study examines the administrative capabilities of EU Member States when it comes to tackling these challenges and reviews the specific measures they have taken in response to the publication of the Panama Papers. The main objectives are to evaluate whether the legal framework and the institutional configurations in place are adequate, to pinpoint ...

National provisions against tax avoidance and tax evasion, and money laundering laws and their enforcement vary widely from one Member State to the next. This study examines the administrative capabilities of EU Member States when it comes to tackling these challenges and reviews the specific measures they have taken in response to the publication of the Panama Papers. The main objectives are to evaluate whether the legal framework and the institutional configurations in place are adequate, to pinpoint the deficiencies and to suggest ways in which they could be addressed.

Country Specific Recommendations for 2016 and 2017 - A comparison and an overview of implementation

31-07-2017

This document presents: • The Country Specific Recommendations for 2016 generally endorsed by the European Council on 28/29 June 2016 and adopted by the Council on 12 July 2016; • The assessment of the implementation of 2016 Country Specific Recommendations based on the European Commission Country Reports as published on 22 February 2017; • The Draft Country Specific Recommendations for 2017 proposed by the European Commission (COM) on 22 May 2017 and to be adopted by the Council in July 2017; ...

This document presents: • The Country Specific Recommendations for 2016 generally endorsed by the European Council on 28/29 June 2016 and adopted by the Council on 12 July 2016; • The assessment of the implementation of 2016 Country Specific Recommendations based on the European Commission Country Reports as published on 22 February 2017; • The Draft Country Specific Recommendations for 2017 proposed by the European Commission (COM) on 22 May 2017 and to be adopted by the Council in July 2017; and • The Council Recommendation on the economic policy of the euro area approved by the Council on 21 March 2017.

The Real Effective Exchange Rate in Euro Area Member States

27-07-2017

This note provides an overview of competitiveness developments as measured by the Real Effective Exchange Rate.

This note provides an overview of competitiveness developments as measured by the Real Effective Exchange Rate.

Overcapacities in the European Banking Sector

26-07-2017

This briefing explores the issue of possible overcapacities in the European Banking Sector that are said to be a factor for the current low level of bank profitability.

This briefing explores the issue of possible overcapacities in the European Banking Sector that are said to be a factor for the current low level of bank profitability.

The orderly liquidation of Veneto Banca and Banca Popolare di Vicenza

25-07-2017

This briefing focusses on the failure of two Italian banks, Veneto Banca and Banca Popolare di Vicenza (hereunder “the Veneto banks”), and their subsequent liquidation through a special insolvency procedure under Italian law.

This briefing focusses on the failure of two Italian banks, Veneto Banca and Banca Popolare di Vicenza (hereunder “the Veneto banks”), and their subsequent liquidation through a special insolvency procedure under Italian law.

Have European banks actually changed since the start of the crisis? An updated assessment of their main structural characteristics

24-07-2017

This paper documents trends in key bank variables over the 2003-2016 period for the set of banks that the ECB directly supervises as of January 1, 2017. A range of variables is considered that together indicate to what extent banks have been moving in the direction of better performance and greater stability. We examine variables related to bank profitability, activity mix, size, balance sheet composition, and loan impairment. The identified trends provide a mixed picture of whether banks have been ...

This paper documents trends in key bank variables over the 2003-2016 period for the set of banks that the ECB directly supervises as of January 1, 2017. A range of variables is considered that together indicate to what extent banks have been moving in the direction of better performance and greater stability. We examine variables related to bank profitability, activity mix, size, balance sheet composition, and loan impairment. The identified trends provide a mixed picture of whether banks have been moving in the right direction since the start of the crisis.

External author

Ata Can Bertay, Harry Huizinga

Competition Policy and an Internal Energy Market

18-07-2017

This study identifies selected important competition-related issues in the internal energy market. It discusses the role of competition law with respect to the following issues: State aid, congestion management, capacity remuneration mechanisms, balancing markets, effective competition between suppliers, integration of new players in the market, and energy poverty. To tackle these present and possible upcoming issues, the study provides indications regarding the current and future need for applying ...

This study identifies selected important competition-related issues in the internal energy market. It discusses the role of competition law with respect to the following issues: State aid, congestion management, capacity remuneration mechanisms, balancing markets, effective competition between suppliers, integration of new players in the market, and energy poverty. To tackle these present and possible upcoming issues, the study provides indications regarding the current and future need for applying instruments of competition law as well as other types of instruments. The study was provided by Policy Department A at the request of the ECON Committee.

External author

Robert Haffner, Olga Batura, Karolina Ryszka, Kimberley van den Bergen, Ecorys Netherlands

Hybrid mismatches with third countries

17-07-2017

Hybrid mismatch is a situation where a cross-border activity is treated differently for tax purposes by the countries involved, resulting in favourable tax treatment. Hybrid mismatches are used as aggressive tax planning structures, which in turn trigger policy reactions to neutralise their tax effects. When adopting the Anti-Tax Avoidance Directive in July 2016, the Council requested that the Commission put forward a proposal on hybrid mismatches involving third countries. The amendment proposed ...

Hybrid mismatch is a situation where a cross-border activity is treated differently for tax purposes by the countries involved, resulting in favourable tax treatment. Hybrid mismatches are used as aggressive tax planning structures, which in turn trigger policy reactions to neutralise their tax effects. When adopting the Anti-Tax Avoidance Directive in July 2016, the Council requested that the Commission put forward a proposal on hybrid mismatches involving third countries. The amendment proposed by the Commission on 25 October broadens the provisions of the directive accordingly. It seeks to neutralise mismatches by obliging Member States to deny the deduction of payments by taxpayers or by requiring taxpayers to include a payment or a profit in their taxable income. The Parliament’s opinion was prepared by the Economic and Monetary Affairs Committee. As this is a tax measure, Parliament is only consulted. The proposal was adopted by the Council on 29 May 2017.

Deepening EMU and fiscal union: Risk sharing versus risk reduction

14-07-2017

The debate on how to deepen economic and monetary union (EMU) is in full swing, despite gradual recovery since 2015 from the 2007-2008 crisis. There is controversy surrounding whether delegation of monetary sovereignty to EMU necessarily entails some euro-area fiscal stabilisation competences and, if so, what kind. Proposals for such a mechanism range from (re)insurance solutions, investment strategies and funding instruments, to actual budgetary competence for the euro area. Current research supports ...

The debate on how to deepen economic and monetary union (EMU) is in full swing, despite gradual recovery since 2015 from the 2007-2008 crisis. There is controversy surrounding whether delegation of monetary sovereignty to EMU necessarily entails some euro-area fiscal stabilisation competences and, if so, what kind. Proposals for such a mechanism range from (re)insurance solutions, investment strategies and funding instruments, to actual budgetary competence for the euro area. Current research supports a stronger EMU fiscal union and the introduction of stabilising policy instruments. However, the capacity to absorb future shocks will also depend on the ability to off-set diverging trends between Member States, caused by different economic systems and labour market institutions. Despite recent signs of economic recovery, divergence may prove difficult to reverse. In June 2015, the Five Presidents' Report contributed to the debate about a euro-area 'fiscal union' by suggesting the development of a fiscal stabilisation function by 2025. Initially announced as a white paper, the European Commission's reflection paper on the 'deepening of the economic and monetary union', presented on 31 May 2017, does not formulate concrete steps, as envisaged in the 2015 report. Instead it offers four guiding principles on how to build the future EMU architecture. 'At the latest' by 2025, a 'central stabilisation function' could take the form of a European investment protection scheme or a European unemployment reinsurance scheme. This briefing is one in a series on the European Commission's reflection papers following up the March 2017 White Paper on the future of Europe.

Euro area recovery and reform [What Think Tanks are thinking]

14-07-2017

The euro area's economic recovery has gained pace as investor confidence has strengthened. The election of the reform-minded Emmanuel Macron as French President in May reignited the debate on overhauling the euro area’s economic governance. This note offers links to recent commentaries and studies on the economic situation of the euro area and reform proposals.

The euro area's economic recovery has gained pace as investor confidence has strengthened. The election of the reform-minded Emmanuel Macron as French President in May reignited the debate on overhauling the euro area’s economic governance. This note offers links to recent commentaries and studies on the economic situation of the euro area and reform proposals.

Upcoming events

04-09-2017
Implementation of the Common Provisions (Reg. EU 1303/2013)
Workshop -
CONT
04-09-2017
Antimicrobial Resistance
Workshop -
ENVI
09-10-2017
Constituent meeting of the Joint Parliamentary Scrutiny Group (JPSG) on Europol
Other event -
LIBE

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