Taxation and Customs Union
Algirdas Šemeta, EU Commissioner for Taxation, welcomed the European Parliament's strong support for a Standard VAT Return.
Algirdas Šemeta, EU Commissioner for Taxation, has welcomed the G20 Finance Ministers' agreement on a new global standard which will reinforce the fight against tax evasion and improve tax transparency worldwide.
Speaking at the EU Competition Forum today, Commissioner Algirdas Šemeta underlined the importance of fair tax competition in the EU, and the measures being taken by the Commission to secure it.
"It is time for all FTT supporters to stand up and team up for progress. This means adapting to the reality of the situation today, and finding a way forward.
The broad based FTT is the one that the Commission – and many stakeholders and citizens – want. I still believe that it is the best option to achieve our legitimate objectives. But we must play with the cards we are dealt. If we want results, we must nurture what can be achieved, rather than relentlessly pursue what cannot.
The EU Council of Economic and Finance Ministers in Brussels today voted in favour of granting discharge to the Commission on the 2012 budget, in a recommendation to the European Parliament. The Council recommendation is an essential part of the budgetary discharge procedure, which is completed with a vote in the European Parliament plenary each Spring. The Commission will follow up carefully on the concrete recommendations on areas where further improvements could be made.