- FISC Public hearing on “The impact of national tax reforms on the EU economy”, with Ana XAVIER Head D4 Unit at DH TAXUD, European Commission dealing with Economic analysis, evaluation & impact assessment support, in charge of the annual report “taxation trends in the EU”, and Daniel BUNN, Vice President of Global Projects at the Tax Foundation
On 11 October, FISC Subcommittee will hold a public hearing on ‘The impact of national tax reforms on the EU economy’. This hearing is linked to the draft own-initiative report on ‘The impact of national tax reforms on the EU economy”, which will be presented and debated from 18:15 to 18:45.
Ana XAVIER from the European Commission, in charge of the annual report “taxation trends in the EU” will present the state of play of national tax reforms in the EU economy.
Daniel BUNN, Vice President of Global Projects at the Tax Foundation, will express his views on the impact of national tax reforms on the EU economy.
The Treaty of the Functioning of the European Union (TFEU) gives Member States the sovereign right to decide on their taxation policy but obliges them to respect EU norms. At the same time, the tax policy choices made by Member States have obvious consequences for the functioning of the Single Market. A certain degree of policy coordination is therefore desirable in order to prevent problems such legal uncertainty, red-tape, risk of double taxation and difficulties claiming tax refunds, all of which can ultimately dissuade companies and citizens from engaging in cross-border economic activity. At the same time, tax policy fragmentation combined with a lack of cooperation of tax authorities might facilitate arbitrage possibilities and aggressive tax planning.
Monday, 11 October 2021, 16.45-18.15
JAN 6Q1 & Interactio
- ECON Public Hearing with Andrea Enria, Chair of the Supervisory Board of the European Central Bank
At the ECON committee meeting on Thursday 14 October 2021 the second ordinary public hearing this year in the framework of the Single Supervisory Mechanism (SSM) is taking place with Mr Andrea Enria, Chair of the Supervisory Board of the ECB. Prof Huebner and other members of the ECON Committee will address questions to Andrea Enria, on issues pertaining to the supervisory focus of the SSM on credit risk in the context of the recovery from the COVID-19 crisis, as well as on emerging risks from digitalisation and climate change. Relevant initiatives in the context of this discussion include the policy initiatives on Basel III, on anti-money laundering and on the completion of the banking union
Thursday, 14 October, 9.00-10.00
JAN 4Q1 & Interactio
- ECON Annual hearing with the Chairpersons of the ESAs
On 14 October, ECON Members will host the annual hearing with the Chairpersons of the ESAs, in accordance with Article 3 of the EBA, EIOPA and ESMA Regulations.
- José Manuel Campa, Chairperson of the European Banking Authority (EBA) as well as Chair of the Joint Committee of the European Supervisory Authorities (ESAs) and, in that capacity, second Vice-Chair of the European Systemic Risk Board (ESRB);
- Petra Hielkema, Chairperson of the European Insurance and Occupational Pensions Authority (EIOPA);
- Anneli Tuominen, Interim Chairperson of the European Securities and Markets Authority (ESMA).
The focus of the discussions develops around the institutions’ experience throughout the previous year, including the Authorities’ role in rulemaking, supervision and coordination, as well as on the institutions’ expectations regarding their future development and key challenges in the context of their respective budgetary and resource needs.
Thursday, 14 October, 10.00-12.00
JAN 4Q1 & Interactio