Press room 

Filter 

ECON  
TAXE  
 

"The current system of corporate tax rules is unfit for purpose and unjust. Some companies are losing out, whereas others win by hiding behind a variety of national rules", Commission President Jean Claude Juncker told MEPs at a joint meeting of the committees for Tax Rulings and for Economic and Monetary Affairs on Thursday. "We need a better insight into how multinational companies behave and how they make use of the differences between countries. Then we should create some order!", he added.

ECON  
 

The European Commission's proposal for automatic exchange of corporate tax information among national tax authorities was welcomed by Economic and Monetary Affairs Committee MEPs on Tuesday as a positive step in the fight against aggressive corporate tax planning. But MEPs also advocated adding further safeguards in the text to ensure that competition in the single market is not distorted by advantageous national tax deals with multinationals.

ECON  
 

The EU Commission is asked to table measures to improve corporate tax transparency, coordination and EU-wide policy convergence in legislative recommendations voted by the Economic and Monetary Affairs Committee on Tuesday. These recommendations build on the work of Parliament’s Special Committee on Tax Rulings, set up in the wake of the “Luxleaks” revelations, whose recommendations were approved at the 26 November plenary session.

ECON  
TAX2  
 

Following today's Commission proposals for an EU wide response to corporate tax avoidance and to fight aggressive tax practices by large companies, chairman of Parliament's Special Committee on Tax Rulings Alain Lamassoure (EPP, FR), the chairman of the Economic and Monetary Affairs committee, Roberto Gualtieri (S&D, IT) and the two co-rapporteurs in the field of corporate taxation Anneliese Dodds (S&D, UK) and Luděk Niedermayer (EPP, CZ) gave the following statements:

BUDG  
ECON  
 

Parliament should have a bigger role in supervising the operations of the new European Fund for Strategic Investment (EFSI), in selecting its top officials and in the decisions on how to feed the guarantee fund, says the draft report by the budgets and the economic and monetary affairs committees, presented and discussed on Thursday in Strasbourg.

AFCO  
AFET  
AGRI  
BUDG  
CONT  
CULT  
DEVE  
DROI  
ECON  
EMPL  
ENVI  
FEMM  
IMCO  
INTA  
ITRE  
JURI  
LIBE  
PECH  
PETI  
REGI  
SEDE  
TRAN  
 

All of the EP’s 20 standing committees and two subcommittees held their constitutive meetings on Wednesday to elect their chair and vice-chairs.

ECON  
 

The European Stability Mechanism's current legal setup would not allow it to become a "backstop" lender to a newly-created EU bank resolution fund, ESM Managing Director Klaus Regling told Economic and Monetary Affairs Committee MEPs on Tuesday. Pressed repeatedly on the matter, Mr Regling did however concede that he was open to considering other possible legal interpretations which could justify this role for the ESM.

ECON  
 

The Commission, acting as resolution authority, should be empowered to decide to wind down a bank in the banking union, says a draft law voted by the Economic and Monetary Affairs Committee on Tuesday. MEPs also stipulated that only the bank supervisor should be able to propose that winding down be initiated, and that all banks of participating countries fall under the system. A resolution fund, set up within 10 years and funded solely by banks, could initially tap loans from other instruments.

ECON  
TAXE  
 

The recent Commission proposal for automatic exchange of tax rulings is "a revolutionary step towards international transparency on taxation and the fight against base erosion and profit shifting. It will change the way the world economy works for the better", said the Secretary-General of the OECD, Angel Gurria in a discussion with members of the committees for Tax Rulings and Economic and Monetary Affairs on Tuesday morning.

BUDG  
ECON  
 

MEPs from Economic and Monetary Affairs and Budgets committees backed an extension of the European Fund for Strategic Investments (EFSI), in their vote on Monday evening. They stressed however that the EU investment plan should focus on riskier future oriented investments, which would not otherwise happen, preferably in economically weaker EU regions, and in a transparent way.

       
 

Media accreditation 

Journalists, photographers and audiovisual teams need to apply for media accreditation and/or a special recording permit in order to work in the European Parliament.

FAQ 

How do MEPs work, how much are they paid, and what are their expenses? For answers to these and other frequently asked questions about Parliament's work and running costs, see this FAQs section.

Contact us 

The European Parliament 's Press Service has a team of press officers whose job is to help journalists and provide them with information on work and decisions in committees and in plenary sessions.