Let me recall that the ultimate goal of this proposal is to reinforce the supervisory convergence across the EU. We are creating a Capital Markets Union where firms and investors can leverage on the whole depth of integrated EU markets.
And also let me recall that this package also had for an objective to make sure that our anti-money laundering rules are efficiently implemented in all EU countries. So Ministers have given their full backing to this approach.
And today we also had an important debate on the use of the qualified majority voting in the area of taxation. As you know, the Commission has proposed a step by step approach, to start with the QMV will be used for measures critical in combatting tax fraud, combating tax evasion and avoidance and in measures related to the administative cooperation and mutual assistance among Member States.
Many Member States welcomed the Commission starting the debate on this issue. True, views expressed were very different, which means more discussions will be needed.
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