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Finance and Monetary Affairs in the EU

Latest news on economic and monetary affairs in the European Union.

European Court of Auditors reports 01 August 2006, 23:05 CET
Annual reports of the European Court of Auditors

Combined Nomenclature 01 August 2006, 23:03 CET
When declared to customs in the Community, goods must generally be classified according to the Combined nomenclature or CN. Imported and exported goods have to be declared stating under which subheading of the nomenclature they fall. This determines which rate of customs duty applies and how the goods are treated for statistical purposes.

EU Budget at a glance 31 July 2006, 20:36 CET
Taxpayers' money is used by the Union to fund activities that all Member States and parliaments have agreed upon in the Treaties. A small amount – around 1% of the Union's national wealth, which is equivalent to about 232 Euro per head of the population - comes into the EU's annual budget and is then spent mainly for its citizens and communities.

JASPERS (Joint Assistance to Support Projects in European RegionS) 31 July 2006, 20:32 CET
JASPERS (Joint Assistance to Support Projects in European RegionS) is a major joint policy initiative of the EIB, European Commission (DG REGIO) and the European Bank for Reconstruction and Development (EBRD). JASPERS will assist beneficiary countries (principally the new Member States and acceding countries of the EU) to absorb EU Structural and Cohesion Funds over the next budgetary planning period 2007-2013.

Savings tax contact points 31 July 2006, 19:25 CET
Savings taxation - lists of national contact points for taxpayers.

Corporate tax competition and coordination in the EU 31 July 2006, 18:46 CET
This paper reviews the rationales and facts about corporate tax coordination in Europe. Although statutory tax rates have dramatically declined, revenues collected from corporate taxation are fairly stable and there is so far no evidence of a race-to-the-bottom. The ambiguous results from economic tax theory and the institutional setting have constrained strong EU policy action in the area of tax competition. Yet, there are welfare gains to be expected from tax coordination. Following its 2001 Communication, the European Commission is currently working with Member States on the definition of a common consolidated corporate tax base for European Companies.

Preliminary draft budget 2007 31 July 2006, 18:31 CET
EU Budget online