Meeting: Economic and Financial Affairs Council, 8 March 2016

A meeting of the Economic and Monetary Affairs Council took place on 8 March 2016, in Brussels. The agenda included the following topics:

+ Adoption of a political agreement on the proposed amendment on the directive on mandatory exchange of information in the field of taxation;

+ Adoption of conclusions on the future of the Code of Conduct in the area of business taxation;

+ Adoption of conclusions on the fiscal sustainability report for 2015, which was issued in January 2016;

+ Briefing by the presidency of the Council of the European Union and the European Commission on the state of play of the implementation of the banking union legislation;

+ Briefing by the European Commission on the G20 meetings of finance ministers and central bank governors which took place in Schangai on 26-27 February 2016;

+ Exchange of views on the implementation of country-specific recommendations from the 2015 European Semester, namely as regards the recommendations on investment;

+ Discussion on the steps to be taken under the excessive deficit procedure and under the excessive imbalances procedure.

ESO: Background Information: Economic and Financial Affairs Council, Brussels, 12 February 2016 http://www.europeansources.info/record/economic-and-financial-affairs-council-brussels-12-february-2016/

Council of the European Union: Press Release, 08.03.16: Council conclusions on the fiscal sustainability report http://www.consilium.europa.eu/en/press/press-releases/2016/03/08-ecofin-conclusions-fiscal-sustainability-report/

Council of the European Union: Press Release, 08.03.16: Council conclusions on the code of conduct on business taxation http://www.consilium.europa.eu/en/press/press-releases/2016/03/08-ecofin-conclusions-code-conduct-business-taxation/

Council of the European Union: Press Release, 08.03.16: Council conclusions on the structure and rates of excise duty applied to manufactured tobacco http://www.consilium.europa.eu/en/press/press-releases/2016/03/08-ecofin-conclusions-structure-rates-manufactured-tobacco/

Council of the European Union: Press Release, 08.03.16: Corporate tax avoidance: Council agrees its stance on the exchange of tax-related information on multinationals http://www.consilium.europa.eu/en/press/press-releases/2016/03/08-corporate-tax-avoidance/

European Commission: DG Communication: RAPID: SPEECH/16/681, 08.03.16: Remarks by Commissioner Pierre Moscovici at the ECOFIN Council Press Conference - March 2016 http://europa.eu/rapid/press-release_SPEECH-16-681_en.htm

---