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Europe #EuroABC: European financial policy from A to Z
Who attends ECOFIN Council meetings? What do the abbreviations SURE, MFF and FTT stand for? What rules does the Tax Act Relating to Brexit contain? Our #EuroABC provides easy-to-understand explanations of key terms in the sometimes complicated world of EU finances, along with the fiscal policy priorities of the German Presidency – all from A to Z.
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Europe #EuropeCounts: European financial policy in numbers
A unified Europe benefits Germany and the other EU countries in a number of ways. This is true for each state as a whole as well as for all of the EU's citizens, who reap these benefits in their everyday life. Our #EuropeCounts section presents examples small and large which all add up to a clear conclusion: the EU is of immense value. It is our common task to protect it and to create even more …
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europe 50th Franco-German Economic and Financial Council
The 50th Franco-German financial and economic council was held in Paris on 19 September 2019. Former German Finance Minister Olaf Scholz, former German Economic Affairs Minister Peter Altmaier and their French counterpart Bruno Le Maire agreed to deliver a strategy for growth, strengthen the euro area, launch joint industry projects and protect the EU’s sovereignty over trade policy. The fight …
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EU Council Presidency 7th International Tax Symposium (online conference)
“Fair taxation for a strong Europe – Germany’s presidency of the Council of the EU in 2020”
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EU Council Presidency Agreement reached on multiannual financial framework and EU recovery fund
In the early morning of 21 July 2020, EU leaders succeeded in reaching an agreement on the EU multiannual financial framework for 2021-2027 together with the Next Generation EU recovery package. The deal was sealed on the fifth day of negotiations in Brussels, which were chaired by European Council President Charles Michel.
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Europe Banking union
The banking union is creating a common market for banking services. The banking union protects taxpayers by means of a single European banking supervision system and – in the event of a crisis – a single bank resolution mechanism.
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europe Brexit and Customs
How does Brexit affect customs? The customs administration thoroughly prepared for Brexit in terms of staffing, IT-assisted customs clearance and awareness-raising among companies. The aim was to ensure that it had the resources and staffing needed to continue performing its tasks as effectively as possible post-Brexit.
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europe Brexit and financial markets
How does Brexit affect the financial market? The Trade and Cooperation Agreement covers financial services in the same way as they are generally covered in the EU’s other free trade agreements with third countries. In particular, both parties have committed to keeping their markets open for operators from the other party seeking to supply services through establishment.
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europe Brexit and taxation
What are the tax implications of Brexit? Germany adopted the Tax Act Relating to Brexit (Brexit-Steuerbegleitgesetz), which was intended to prevent detrimental legal consequences occurring solely as a result of Brexit for taxpayers who have completed all essential tax-relevant actions prior to the UK’s departure from the EU.
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europe Brexit: An agreement has been reached
Following the United Kingdom’s withdrawal from the European Union on 1 February 2020, the agreed transition period is ending on 31 December 2020. This means that the UK will leave the single market and the customs union, and that EU rules will no longer apply to it. Below you can find some initial information issued by the German government. The German Finance Ministry is currently reviewing the …