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Europe Special Eurogroup meeting in November 2018

On 19 Novem­ber 2018, Fi­nance Min­is­ter Olaf Scholz met with his coun­ter­parts in Brus­sels for a spe­cial ses­sion of the Eu­rogroup. The aim of the meet­ing was to press for­ward with prepa­ra­tions for the Eu­ro Sum­mit in De­cem­ber, where key re­forms to the Eu­ro­pean Mon­e­tary Union are to be adopt­ed. Dis­cus­sions fo­cused on the com­ple­tion of the bank­ing union, the fur­ther de­vel­op­ment of the Eu­ro­pean Sta­bil­i­ty Mech­a­nism, and the idea of a eu­ro area bud­get.

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Financial markets IMF and World Bank annual meetings and meeting of the G20 finance …

The meet­ing of the G20 fi­nance min­is­ters and cen­tral bank gov­er­nors and the an­nu­al meet­ings of the IMF and the World Bank took place in Bali (In­done­sia) from 11–14 Oc­to­ber 2018. Ger­man fi­nance min­is­ter Olaf Scholz was in at­ten­dance. The dis­cus­sions fo­cused on is­sues such as the mount­ing risks to glob­al eco­nom­ic growth and the ways in which they can be ad­dressed through joint ac­tion.

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Europe Graphics: Stabilising the euro area

Eu­ro­pean fi­nan­cial as­sis­tance graph­ics

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Taxation Prosecution of tax crimes and tax-related administrative offences in …

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Europe Eurogroup and informal ECOFIN meetings in September 2018

How can we en­sure that multi­na­tion­al cor­po­ra­tions in the dig­i­tal sec­tor are taxed ap­pro­pri­ate­ly? This ques­tion was ad­dressed by Ger­man Fi­nance Min­is­ter Olaf Scholz and his fel­low fi­nance min­is­ters at the Eu­rogroup and in­for­mal ECOFIN meet­ings in Vi­en­na on 7–8 Septem­ber 2018. The dis­cus­sions fo­cused on the search for a smart, swift so­lu­tion. Oth­er top­ics on the agen­da in­clud­ed re­form of the cur­ren­cy union and the com­ple­tion of the bank­ing union.

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Europe Eurogroup and ECOFIN meetings in October 2018

Good news for ev­ery­one who likes to read: Eu­ro­pean fi­nance min­is­ters paved the way for the equal tax treat­ment of dig­i­tal me­dia at the meet­ing of the EU’s Eco­nom­ic and Fi­nan­cial Af­fairs Coun­cil (ECOFIN) on 2 Oc­to­ber 2018. The re­duced rate of val­ue added tax (VAT) can now be ap­plied to e-books and e-news­pa­pers. Pre­vi­ous­ly, it could on­ly be ap­plied to print me­dia.

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Financial markets Meeting of G20 finance ministers and central bank governors in Buenos …

The G20 fi­nance min­is­ters gath­ered again in Buenos Aires on 21–22 Ju­ly 2018 un­der the helm of the Ar­gen­tine pres­i­den­cy. Their talks fo­cused in par­tic­u­lar on the risks posed by trade dis­putes. Dur­ing the dis­cus­sions, Fi­nance Min­is­ter Olaf Scholz re­it­er­at­ed his strong sup­port for free and fair glob­al trade and un­der­scored the im­por­tance of in­ter­na­tion­al co­op­er­a­tion. At the meet­ing, the G20 al­so en­dorsed a set of pol­i­cy op­tions for the fu­ture of work.

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Europe Eurogroup and ECOFIN in July 2018

The pres­i­den­cy of the Coun­cil of the EU ro­tates among the mem­ber states ev­ery six months. In Ju­ly 2018, Aus­tria took up the pres­i­den­cy as sched­uled, pre­sent­ing its pro­gramme to the EU fi­nance min­is­ters at the ECOFIN meet­ing in Brus­sels on 13 Ju­ly. For the Eu­rogroup meet­ing on 12 Ju­ly, items on the agen­da in­clud­ed fur­ther steps to de­vel­op the mon­e­tary union, as well as an anal­y­sis of the eu­ro area’s cur­rent eco­nom­ic and bud­getary sit­u­a­tion.

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Fiscal and budgetary policy Press conference: Presentation of the draft 2019 budget and financial …

On 6 Ju­ly 2018, Ger­many’s fed­er­al cab­i­net adopt­ed the gov­ern­ment draft for the 2019 fed­er­al bud­get and the fi­nan­cial plan to 2022. The bud­get and fi­nan­cial plan re­flect a fis­cal pol­i­cy that is for­ward-look­ing, fair and re­spon­si­ble: The Ger­man gov­ern­ment is giv­ing a ma­jor boost to in­vest­ment in the coun­try’s fu­ture, adopt­ing an ex­ten­sive range of mea­sures to en­hance so­cial eq­ui­ty, safe­guard­ing in­ter­nal se­cu­ri­ty, en­sur­ing or­der on the labour mar­ket, and tak­ing in­ter­na­tion­al re­spon­si­bil­i­ty.

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Customs G7 Meeting of finance ministers and central bank governors in …

G7 fi­nance min­is­ters and cen­tral bank gov­er­nors met in the Cana­di­an re­sort town of Whistler on 1–2 June 2018, with Ger­man Fi­nance Min­is­ter Olaf Scholz and Bun­des­bank Pres­i­dent Jens Wei­d­mann rep­re­sent­ing Ger­many. The meet­ing’s main top­ic was the cur­rent trade dis­pute with the US. Var­i­ous oth­er is­sues re­lat­ing to in­ter­na­tion­al co­op­er­a­tion in the area of fi­nance were al­so dis­cussed.

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Taxation Proportional diagram for tax receipts: estimate for 2018

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Europe Eurogroup and ECOFIN in May 2018

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