Deficits, economic policies, investment, taxation
The Council closed excessive deficit procedures for Malta and Poland and issued a new recommendation to the United Kingdom on measures to correct its deficit.
It approved country-specific recommendations on economic and fiscal policies, and a recommendation for the euro area.
Ministers discussed next steps in the establishment of a European fund for strategic investment, part of the EU action plan on investment, following approval by the Council of a political agreement with the European Parliament.
The Council discussed tax issues concerning base erosion and profit shifting (BEPS), including a proposal on mandatory automatic exchange of information on tax rulings. This proposal is aimed at improving transparency in the assurances given to companies about how their taxes will be calculated.
It also issued conclusions on implementation of a code of conduct on harmful tax competition.