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Author: EP think tank

Briefing – Anti-tax-avoidance directive – 03-06-2016

The proposal for a directive on ‘Rules against tax avoidance practices that directly affect the functioning of the internal market’ is one of two legislative proposals of the 28 January 2016 European Commission ‘anti-tax-avoidance package’. Linked with the OECD/G20 Base erosion and profit shifting action plan (BEPS), it targets schemes where corporate taxpayers operating businesses in several countries take advantage of disparities and loopholes to reduce their tax bills. The objective is to realign corporate taxation with the relevant business substance (income) of the corporate taxpayer, fighting against aggressive corporate tax avoidance. The proposed directive sets legally binding minimum standards for six practices. Three of these are included in the BEPS action plan (interest limitation rules, controlled foreign company rules, and rules on hybrid mismatches). The other three (a general anti-abuse rule, exit taxation rules and a switch-over clause came out of discussions on the common consolidated corporate tax base (CCCTB) proposal. As a tax measure, Parliament is only consulted, with the proposal to be adopted by the Council. Source : © European Union, 2016 –...

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In-Depth Analysis – Implications for the Euro Area of Divergent Monetary Policy Stances by the Fed and the ECB – 15-02-2016

Confronted with a different macroeconomic and financial environment, the ECB and the Fed monetary stances seem to be more and more on diverging paths. While the Fed has stopped its quantitative easing (QE) operations and has recently decided to raise the target range for the federal funds rate, the ECB is committed to extend the scope of its QE programme launched in March 2015 and does not intend to reverse its zero interest rate policy before 2017. This compilation of notes requested by the Committee on Economic and Monetary Affairs (ECON) for the February 2016 Monetary Dialogue provides an assessment of the main repercussions and risks for the euro area of potentially divergent monetary policies by the Fed and the ECB. Source : © European Union, 2016 –...

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In-Depth Analysis – Limits in Terms of Eligible Collateral and Policy Risks of an Extension of the ECB’s Quantitative Easing Programme – 15-02-2016

At the press conference following the ECB Governing Council meeting of 3 December 2015, the President of the ECB Mario Draghi reiterated the readiness of the ECB to adopt, if necessary, additional measures – in terms of size, composition and duration of the of the asset purchase programme EAPP – in order to maintain an appropriate degree of monetary accommodation. This may renew criticism to the ECB for not complying with its mandate and its quasi-fiscal role. The notes included in this compilation requested by the Committee on Economic and Monetary Affairs (ECON) for the February 2016 Monetary Dialogue discusses the range of policy instruments potentially available to the ECB to enhance the effectiveness of the EAPP programme, assess the potential limits of a further expansion of asset purchases and investigate key credibility issues eventually faced by the ECB. Source : © European Union, 2016 –...

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At a Glance – The EU’s global strategy [What Think Tanks are thinking] – 27-05-2016

The European Council decided last year that the EU needs a new, comprehensive global strategy to face the growing challenges of globalisation, shifts in economic and political power and  expanding zones of conflict and instability. Federica Mogherini, High Representative of the Union for Foreign Affairs and Security Policy, is to present such a strategy during the European Council meeting in June 2016. Phenomena such as the digital revolution, climate change, competition for resources, growing inequality and aging populations will require smart policies and tough decisions if the EU is to avoid a decline of its global leverage. Some useful analysis of the challenges and choices facing the Union were presented in a 2015 report by the European Strategy and Policy Analysis System (ESPAS), an inter-institutional project, entitled ‘Global Trends to 2030: Can the EU meet the challenges ahead?’ This note offers links to recent commentaries and reports from major international think tanks on the EU’s global strategy and related issues. Source : © European Union, 2016 –...

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Study – TTIP and Jobs – 15-04-2016

TTIP (Transatlantic Trade and Investment Partnership) could lead to substantial reallocation of jobs between and within industries, however the overall employment effects are uncertain .This Policy Department A study provides the Employment and Social Affairs Committee with an analytical review of literature and calculations of the potential employment impact of TTIP with a view to sectors affected. It provides a snapshot of EU and US trade and labour markets, compares methodologies and results of ex-ante assessments and also uses information from relevant ex-post evaluations of other trade agreements. Source : © European Union, 2016 –...

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Study – Implementation of the Ambient Air Quality Directive – 15-03-2016

The Ambient Air Quality Directive sets thresholds for certain pollutants in ambient air to protect human health and the environment. Thresholds for particulate matter and nitrogen dioxide are exceeded in several Member States. This study analyses air pollution hotspots in Europe and infringement procedures launched by the European Commission against Member States in non-compliance. In addition, four hotspots are studied in more detail with respect to pollutant levels and approaches to air quality improvement. This study is provided by Policy Department A at the request of the European Parliament’s Committee on Environment, Public Health and Food Safety Committee. Source : © European Union, 2016 –...

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Briefing – Migration and the EU: A long-term perspective – 19-05-2016

Policy debate on migration understandably focuses on short-term challenges and costs, given the refugee wave that arrived in the EU in 2015. This briefing by contrast addresses challenges and opportunities for the EU of migration in the long term, and builds on foresight work within the European Strategy and Policy Analysis System (ESPAS). It identifies three areas which call for robust policy responses, at different levels, in the period to 2030 and beyond: demographic change and its implications for the supply of labour; the integration of migrants; and the international dimension of migration, including the prevention and management of refugee crises. The underlying assumption is that anticipatory policy (management by foresight) is preferable to, and more effective than, responsive policy (crisis management). Because the challenges posed by migration cross many sectoral and institutional boundaries, a comprehensive and coordinated response is needed. This in turn underlines the case for shared and strategic policy analysis across the EU institutions. Continual dialogue, sharing many different perspectives and with a focus on the medium and long term, is a path towards a common understanding of both challenges and choices. Source : © European Union, 2016 –...

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