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Council of Economic and Finance Ministers (ECOFIN)

Preparation of Economic and Finance Ministers Council (ECOFIN)

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ECOFINOn 9 December in Brussels, Vice President Georgieva, Vice President Katainen, Commissioner Hill and Commissioner Moscovici will participate in the meeting of the EU's Council of Economic and Finance Ministers.

On the agenda are several legislative proposals in the field of taxation: the Council is due to reach political agreement on the anti-abuse clause of the Parent Subsidiary Directive and shall decide on the mandatory exchange of information in the field of taxation. Ministers will be also updated of the work on the common Financial Transaction Tax. The Council will be called on to agree on a draft regulation determining the contributions to be paid by banks to the EU's single resolution fund. On the non-legislative activities front the Commission will present to the Council Investment Plan for Europe, as well as the work of the joint Commission-European Investment Bank task force set up in September to identify potentially viable investment projects.

The Commission will also present to the Council the Annual Growth Survey 2015 and the Alert Mechanism Report 2014, which mark respectively the launch of the European Semester and the launch of the Macro-imbalances monitoring cycle. The Court of Auditors’ annual report on the implementation of the EU budget for 2013 will be also presented to the Ministers. A press conference will be concluding the event.

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