On Tuesday starting at 9.00, ministers will take stock of progress under the italian presidency on measures to create durable conditions for sustained growth and job creation. They will also discuss support for Greece from the European Bank for Reconstruction and Development, as well as support for Ukraine.
The Council will discuss the Commission´s proposed action plan on investment, as well as the work of a task force set up to identify potentially viable investment projects. It is due to adopt a directive aimed at clamping down on tax evasion by extending the scope of automatic exchange of information between tax authorities. The Council is due to agree on an antiabuse clause to be included in the parent-subsidiary directive as part of efforts to clamp down on
corporate tax avoidance. It will also be called on to agree on the tax treatment of patent boxes (intellectual property tax regimes), under a code of conduct on business taxation. And it will take note of ongoing work on the introduction of a financial transaction tax in 11 member states, with a view to further work in 2015.
The Council will be called on to agree on a draft regulation determining the contributions to be paid by banks to the EU´s single resolution fund. It is expected to adopt conclusions on finance for growth and the long-term financing of the European economy. Macroeconomic imbalances and the annual growth survey are amongst other items on the agenda.
On the non-legislative activities front, the Commission will present to the Council Investment Plan for Europe, as well as the work of the joint Commission-European Investment Bank task force set up in September to identify potentially viable investment projects.
The Commission will also present to the Council the Annual Growth Survey 2015 and the Alert Mechanism Report 2014, which mark respectively the launch of the European Semester and the launch of the Macro-imbalances monitoring cycle. The Court of Auditors´ annual report on the implementation of the EU budget for 2013 will be also presented to the Ministers.
