First discussions by the Tax Policy Group on cross-border venture capital investments in the EU and on quality of taxation
Algirdas Šemeta, Commissioner for Taxation, Customs, Anti-Fraud and Audit, will today chair the third 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.
Today, the Group will hold a first discussion on cross-border venture capital investments and on the means to ensure that taxation rules do not hinder investment in innovative and fast growing SMEs within the EU. As part of its agenda, the Group will also consider the important role that taxation plays in fiscal consolidation and economic growth in the context of the "Europe 2020" strategy. The objective is to see to what extent tax systems can better support sustainable and inclusive growth.
Environmental taxation for which the Commission proposed to revise the Energy Taxation Directive last April (IP/11/468, MEMO/11/238) is also part of today's discussions. The Group is expected to exchange views on the issue and in particular on how the EU could make the best possible use of taxation to support sustainable growth.
The Tax Policy Group, which was re-launched by Commissioner Šemeta in October 2010 (IP/10/131), provides a regular forum for high-level discussions on the scope and priorities for EU tax policy.