Finance and Monetary Affairs in the EU

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

JASPERS (Joint Assistance to Support Projects in European RegionS) — 31 July 2006, 21:32 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, 20:25 CET

Savings taxation - lists of national contact points for taxpayers.

Corporate tax competition and coordination in the EU — 31 July 2006, 19:46 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, 19:31 CET

EU Budget online