Press Release – 3338th Council meeting Economic and Financial Affairs – Luxembourg, 14 October 2014

Author (Corporate)
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Series Details PRES/14/520
Publication Date 14/10/2014
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Main results of the Council

The Council agreed to extend an obligation for tax administrations to exchange information automatically, so as to enable them to better combat tax evasion and to improve tax collection. The directive is aimed at remedying situations where a taxpayer seeks to avoid paying tax that is due.

The Council discussed measures to support investment as part of the EU's response in promoting competitiveness and growth.

It called on the Commission to analyse the factors that are conducive to improving the business climate in Europe. It welcomed the creation of a task force, co-chaired by the European Investment Bank and the Commission, to analyse the main barriers to investment.

The task force will identify investment projects to be realised in the short and medium term. It will lay the foundation for a credible and transparent pipeline of projects to boost EU competitiveness and growth potential in the medium to long-term.

Source Link http://www.consilium.europa.eu/uedocs/cms_data/docs/pressdata/en/ecofin/145105.pdf
Related Links
ESO: Background information: Council conclusions on measures in support of investment in Europe http://www.europeansources.info/record/press-release-council-conclusions-on-measures-in-support-of-investment-in-europe/
ESO: Background information: Combating tax evasion: Council agrees to extend automatic exchange of information http://www.europeansources.info/record/press-release-combating-tax-evasion-council-agrees-to-extend-automatic-exchange-of-information/
European Commission: RAPID: SPEECH/14/693: Speaking points by Commissioner Šemeta at the ECOFIN press conference http://europa.eu/rapid/press-release_SPEECH-14-693_en.htm
European Commission: RAPID: MEMO/14/576: Preparation of Economic and Finance Ministers Council, Brussels, 14 October http://europa.eu/rapid/press-release_MEMO-14-576_en.htm

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