Taxation and Customs Union
The 10 Member States that wish to apply an EU financial transaction tax (FTT) through enhanced cooperation should be allowed to do so, because all the legal conditions for such a move are met. This is the conclusion of the proposal for a Council Decision adopted by the Commission today.
Citizens, businesses and other stakeholders are being asked for their opinion on certain reduced VAT rates, in a public consultation launched by the Commission today. They are also asked to consider what a change in EU rules in this area might imply. Algirdas Šemeta, Commissioner for Taxation, Customs, Anti-fraud and Audit, said: "It is high time that we take a fresh look at reduced VAT rates".
"Today's agreement on the reform of OLAF will ensure that the EU's central player in the fight against fraud works to its full potential. Greater efficiency and clearer accountability are the pillars upon which this reform rests, while OLAF's investigative independence will continue to be fully upheld. Every citizen in Europe will benefit from a stronger EU anti-fraud office to protect taxpayers' money," said Algirdas Šemeta, European Commissioner responsible for anti-fraud.