The European Commission has presented a new proposal on the System of Own Resources of the European Union. If agreed on, the provisions of this proposal shall apply from January 1, 2021 – except the provisions regarding the CCCTB.
Bulgaria’s accession to the Eurozone became again a part of public discourse, after the minister of finance of the first Borisov government gave up on it in 2012. This will without a doubt bring opportunities as well as threats for the economy, and more often than not opinions are polarized.
Including new member states to ensure further cohesion in wider Europe, while at the same time continuing to address inequality, racism, and nationalism are the pathways that should be followed for the EU to avoid less desirable scenarios.
After the unsuccessful initiatives from within the ranks of the Belgian Flemish and the Scottish referendum, comes a strike pointed closely at the heart of the Union. Catalonia declared independence and Europe does not know what to do with this unexpected turn of events.
For many years Poland has been a part of the community in which there are no internal matters of a given state. Even when talking about exclusive competences of member states (eg. the protection and improvement of human health, indusry, cuture, tourism, etc.) these still are a part of the EU law.
The proposed restrictions to posting of workers disproportionally hit the poorer Member States from Eastern and Southern Europe. However, these countries should not push for retaliatory regulations to protect their home markets, but to block “equal pay for equal work in the same place” and further liberalise trade in services.
Indeed, binding European funds with clear commitments from recipient countries sounds like a good idea. The big problem of a number of European policies and institutes is precisely the lack of an enforcement mechanisms, for example real penalties, which could help as a correction to a “misbehaving” member state.
After decades of optimism we should start imagining Europe without the EU. If we do not fix that project and make it successful, it may turn out to be mortal. The EU does not need a major structural overhaul or another treaty change. It needs a change of attitudes.
The principle of free movement of capital, goods, people and services comprises the main pillar of the European Economic Area. Excessive regulation, however, prevents EU Member States from reaching its full potential. Such untapped potential is particularly evident in the free movement of financial services.
Although many agree that tax competition is a healthy and natural economic process that drives economies, the EC now sees tax harmonization as an essential factor for the functioning of the single market. Together with the CCCTB initiative, the ATA Directive could be seen as a first step toward this harmonisation.