At the meeting of German and French government ministers held at Schloss Meseberg outside Berlin on 19 June 2018, Finance Minister Olaf Scholz and his French counterpart Bruno Le Maire agreed on a roadmap to advance the EU’s Economic and Monetary Union. They also adopted a common position on the issue of harmonising the corporate tax base in the EU. The roadmap contains plans to further stabilise the European banking sector (banking union). In addition, it lays out proposals to expand the European Stability Mechanism and to create a eurozone budget. As regards the matter of corporate taxation, Germany and France aim to advance tax harmonisation within in the EU by supporting European legislative proposals to establish a common corporate tax base. Germany and France will now present these plans to their European partners, and further consultations will take place within the framework of the Eurogroup and the ECOFIN Council. Links to the eurozone roadmap and the joint position paper on the common corporate tax base are provided below.
Meeting of German and French government ministers in Meseberg
Germany and France have agreed on an extensive catalogue of reforms for the European Union. Joint proposals were worked out at a meeting between the two countries’ heads of state and various government ministers, who convened at Schloss Meseberg outside Berlin on 19 June 2018. The Meseberg Declaration adopted at the meeting includes key sections that aim to give shape to the future design of European fiscal, budget and tax policies. France and Germany will now present these proposals to their fellow member states in the Eurogroup and the ECOFIN Council.