This will help to prevent tax evasion and tax avoidance, enhance tax fairness and foster a level playing field for both the platforms and their sellers. Ministers also took stock of progress in strengthening the Banking Union and the reviewed draft Council conclusions on the Commission's new Action Plan on the Capital Markets Union. The conclusions are due to be approved by the Council by written procedure after the informal video conference. As part of the annual European Semester process, ministers exchanged views on an alert mechanism report, marking the start of the annual macroeconomic imbalances procedure, and a draft Council recommendation on the economic policies of the euro area. The Council is scheduled to approve the recommendation as well as the conclusions on the alert mechanism report in January 2021. The presidency and the Commission debriefed ministers on the G20 finance ministers' and central bank governors' meeting held on 13 November 2020, which focused on debt relief. Ministers also discussed international taxation issues such as how to address the tax challenges caused by the digitalisation of the economy.