Taxation and Customs Union
Today, the Commission (DG Taxation and Customs) has launched a public consultation, calling for feedback on problems that arise with regard to the taxation of dividends paid cross-border to individuals or small shareholders in the EU.
Algirdas Šemeta, Commissioner for Taxation, Customs, Anti-Fraud and Audit, is in Rotterdam (The Netherlands) today to meet the Customs authorities of the largest seaport in the EU.
Today, the Commission decided to extend the mandate of the EU Joint Transfer Pricing Forum (JTPF) until March 2015, so that it can continue its important work in resolving double taxation problems for businesses across Europe. The JTPF, which is made up of national tax administrations and business representatives, helps to solve problems linked to the taxation of cross-border transactions between same-group and associated companies within the EU.
Algirdas Šemeta, Commissioner for Taxation, Customs, Anti-Fraud and Audit, will today chair the second meeting of the re-launched Tax Policy Group (TPG). This Group brings together personal representatives of EU Finance Ministers to discuss key tax policy issues.
Following the discussion in the College, Commissioner Algirdas Šemeta pointed out that Commission sends clear political messages with the Annual Growth Survey and defines the line on taxation.
"Taxation is a tool which is relevant for what we want to achieve together, notably through the European Semester: sustainable public finance consolidation and enhanced growth. It is essential to work together to ensure that tax systems are appropriate to meet our public finances targets, while preserving favourable business environment." - Šemeta said.
Today Commissioner for Taxation, Algirdas Šemeta, presented his views on options for innovative financing at the public hearing of the Committee on Economic and Monetary Affairs (ECON) of the European Parliament.
In his speech the Commissioner focussed on the issues of financial sector taxation, energy taxation and Eurobonds. Commissioner has pointed out that "for some of the instruments a "double dividend" of both raising revenues and improving market stability could be reaped, in particular by putting a price on risk-taking in the financial sector and on carbon emissions."
Today Commissioner Šemeta together with other Members of the European Commission visited Hungary, where he met with the Hungarian Presidency of the Council of the European Union.
The number of counterfeit euro coins removed from circulation in 2010 increased by 8% compared to the year before, with a total of 186 000 coins seized, compared to 172 100 in 2009. Overall, the level of counterfeit coins remains extremely low, proving that the combined efforts of the Commission/OLAF (the EU's anti-fraud office), other EU institutions and the Member States, are paying off. The 2-euro coin remains by far the most affected by this criminal activity, representing almost 3 out of every 4 counterfeit coins.
Algirdas Šemeta, EU Commissioner responsible for Anti-Fraud said: "The fight against counterfeit money – whether coins or notes – is extremely important for both our economy and our currency. OLAF's efficiency in working with national authorities to find counterfeit euro coins and remove them from circulation is to be commended, as it has allowed us to keep the problem relatively contained in Europe. We will continue to dedicate all necessary resources to finding these fakes, in an effort to stamp out the problem across the EU."
Algirdas Šemeta, EU Commissioner for Taxation, Customs, Anti-fraud and Audit, visited Romania and Bulgaria on 13 and 14 January 2011. One of the key objectives of his visits was to discuss the measures being taken by both countries to tackle fraud and irregularities in EU funds, and to see where the Commission can provide further guidance and support in pushing forward and consolidating improvements in these Member States.
Algirdas Šemeta, EU Commissioner for Taxation, Customs, Anti-fraud and Audit, will visit Romania and Bulgaria on 13 and 14 January 2011. One of the key objectives of his visits is to discuss the measures being taken by both countries to tackle fraud and irregularities in EU funds, and to see where the Commission can provide further guidance and support in pushing forward and consolidating improvements in these Member States.