THE COMMISSION PRESENTS ITS 2017 AGENDA
Last week saw several important initiatives, with which the groundwork for 2017 was laid. The European Commission presented its agenda for 2017 and outlined its priorities, including a proposal for a Common Consolidated Corporate Tax Base. Meanwhile, the dispute between the Parliament and the Council delays the passing of the 2017 budget. This week, parliamentarians are devoted to external activities.
#Work Programme: European Commission presents its Agenda for 2017
The European Commission presented its Work Programme for 2017, building on Juncker’s State of the Union speech. The Work Programme encompasses 21 measures to deliver a Europe that protects, empowers and defends. The proposed measures tackle the Union’s most serious challenges, from boosting economic growth to implementing the Digital Single Market, delivering on the European Agenda for Migration and strengthening the EU as a global actor.
The Work Programme also encompasses 18 REFIT proposals to improve the quality of existing EU legislation. It further identifies 34 priority pending proposals, where the Commission calls on the Parliament and the Council to find a compromise.
#CCCTB: Plans for a reformed corporate taxation revived
Last Tuesday (25/10/2016), the European Commission lifted the veil concerning its long-awaited (renewed) proposal for a major corporate tax reform. The Commission proposes the introduction of a Common Consolidated Corporate Tax Base. This proposal was already on the table a few years ago, but failed in 2011 due to the rejection by the Member States.
This time, the Commission splits the legislative package into two separate steps. Firstly, it suggests to harmonise the corporate tax base to find a common framework with which to determine what shall be taxed and how it will be calculated. As a second and separate step the Commission then proposes a consolidated corporate tax base to cut red tape for businesses (who will only have to submit one tax declaration for their entire EU business activities) and to fight tax evasion.
#European Commission: Reshuffle of the College
EU Commissioner Kristalina Georgieva resigned and will now become Chief Executive Officer of the World Bank Group. This move causes a reshuffle within the European Commission. President Jean-Claude Juncker announced on Friday (28/10/2016) that the German Commissioner Günther Oettinger will succeed with Georgieva’s portfolio as Commissioner for Budget and Human Resources. Bulgaria will now have to nominate a new Commissioner.
Press Release (European Commission)