Euro Plus Pact: tax issues for discussion
Economic and Financial Affairs Council meeting
30 November 2011
© European Union
Tax policy coordination between the member states participating in the Euro Plus Pact is ready to be stepped up, after the finance ministers of the participating 23 member states on 30 November adopted a report which outlines the issues that need to be coordinated between them in future.
The so-called "structured dialogue" was proposed in the Euro Plus Pact as a means for the participating member states to coordinate their tax policies.
Pragmatic tax policy coordination is considered to be necessary as part of the economic policy coordination efforts between the member states under the Euro Plus Pact. It should, inter alia, enhance the sharing of best practices and strengthen the fight against fraud and tax evasion.
The finance ministers' report (which will be forwarded to the European Council, as required by the Pact) identifies issues to be discussed in the structured dialogue:
▪ avoidance of harmful practices;
▪ fight against fraud and tax evasion;
▪ exchange of best practices;
▪ international coordination.
The Council High Level Working Party on tax issues will be the focal point for tax policy coordination.
The Pact was concluded by 23 EU member states in March 2011 and remains open for other member states to join. It is aimed at fostering competitiveness and employment, contributing further to the sustainability of public finances and reinforcing financial stability.
Press release (pdf)
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