The European Commission launches Autumn Package

Dec 03, 2018

The European Commission recently launched its European Semester Autumn Package.  In terms of taxation policy, Pierre Moscovici, Commissioner for Economic and Financial Affairs, Taxation and Customs said: “….. Today's policy advice from the Commission is about ensuring it stays strong and becomes more resilient – because in an increasingly uncertain global context, we cannot take anything for granted. A sustainably prosperous euro area needs not only sound public finances but also competitive economies and inclusive societies.

The Commission also recommends a shift in taxation away from labour and strengthening education systems, investment in skills and the effectiveness and adequacy of active labour market policies and social protection systems.

The Commission adopted Opinions on whether the 2019 Draft Budgetary Plans (DBPs) of euro area Member States comply with the Stability and Growth Pact. In the case of Italy, the Commission noted the non-compliance with the recommendation addressed to Italy by the Council on 13 July 2018. Ireland was among ten Member States with DBPs compliant with the Stability and Growth Pact in 2019.