Dombrovskis "...the implementation of the OECD agreement concerning the Pillar 2 of global taxation: We regret that agreement was not possible ... commend the French Presidency's outstanding work and commitment to make sure that there is consensus and agreement on this important file.
European economic and financial strategic autonomy
The Council adopted conclusions on the strategic autonomy of the European economic and financial sector. The current geopolitical context has made the concrete steps towards this objective even more crucial.
European financial architecture for development
The Council discussed the implementation of the 2021 Council
conclusions on strengthening the European financial architecture for
development, taking the example of the EBRD and EIB initiatives to
provide financial support to Ukraine.
The discussion was based on a presentation on the current status of
implementation of the European financial architecture for development
given by the Commission, the European Investment Bank (EIB), and the
European Bank for Reconstruction and Development (EBRD).
Corporate taxation: fair and effective taxation for multinational groups
The Council discussed the work on the transposition into EU law of
the global agreement reached at the OECD Inclusive Framework that
multinationals should not pay less than 15% tax anywhere in the world.
The aim of the directive is to transpose into EU law the two-pillar
reform of the rules on international corporate taxation, as agreed by
the global OECD/G20 inclusive framework on base erosion and profit
shifting (BEPS). This international agreement, which brings together 137
countries and jurisdictions, constitutes a major milestone towards an effective and fair system of profit taxation.
G20 and IMF meetings
The Council made preparations for the International Monetary Fund
(IMF) spring meetings and agreed on the EU's mandate for the upcoming
G20 meeting of finance ministers and central bank governors on 20 April.
Financial services legislation
The Commission gave a presentation on the state of play as regards the implementation of financial services legislation.
Other items
The Council adopted updated Value Added Tax (VAT) rules and a reinforced mandate for the EU’s Fundamental Rights Agency (FRA). It also adopted a decision authorising member states to sign the second additional protocol to the convention on cybercrime (Budapest convention). This
protocol will improve cross-border access to electronic evidence used
in criminal proceedings. All three items were adopted without
discussion.
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