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The COVID-19 crisis has resulted in the largest decrease in taxes on wages since the global financial crisis of 2008-09, according to a new OECD report. Taxing Wages 2021 shows that declining household incomes coupled with tax reforms linked to the pandemic are driving widespread declines in effective taxes on wages across the OECD. The […]
Yolanda Díaz, third vice-president of the Government and Minister for Work and Social Economy, has presented the Government’s new measures that will modernise and “revolutionise the employment market to adapt it to the 21st century” with eleven reforms and seven investments, earmarking 2.363 billion euros for this purpose. These are the measures that comprise Component […]
Covid-19: EU survey highlights support for greater crisis management role at EU level. Two days ahead of the launch of the Conference on the Future of Europe, Parliament today published the results of its Eurobarometer survey on the future of Europe. The survey was commissioned jointly with the European Commission. Main results Following the first […]
In March 2021, industrial producer prices rose by 1.1% in the euro area and by 1.2% in the EU, compared with February 2021, according to estimates from Eurostat, the statistical office of the European Union. In February 2021, prices increased by 0.5% in the euro area and by 0.6% in the EU. In March 2021, […]
MEPs lay out plans for a fairer tax system fit for the digital age. International tax rules set in early 20th century are not fit for the digital economy. Outdated international tax rules need to be overhauled, including a minimum effective corporate tax rate; the EU should go it alone if global negotiations fail. Adopting […]
The Council has adopted (28 April 2021) a decision on the conclusion of the EU-UK trade and cooperation agreement and the security of information agreement. This is the last step for the EU in the ratification of the agreements. On 1 May 2021 The UK will now be notified of the finalisation of the internal […]
In a debate today (27 April 2021), Parliament’s political groups argued in favour of the agreement that sets the rules of the future EU-UK relationship. Most MEPs as well as Commission President Ursula von der Leyen and the Portuguese Council Presidency stressed they regret the UK’s departure but argued for voting in favour of the […]
Euro area government deficit at 7.2% and EU at 6.9% of GDP. Government debt at 98.0% and 90.7% respectively (Eurostat figures). In 2020, the government deficit of both the euro area and the EU increased significantly compared with 2019, as did the government debt, in the context of the measures undertaken in response to the […]
In 2020, the labour market in the EU was heavily impacted by the COVID-19 pandemic. The employment rate for persons aged 20-64 dropped to 72.4%, down by 0.7 percentage points (pp) in comparison to 2019. The employment rate for men of that age group stood at 78.1%, down from 79.0% in 2019. The employment rate […]
9th Euronest Assembly: new perspectives for a post COVID-19 Eastern Partnership. Post COVID-19 recovery, the situation in Belarus, and countering energy security threats in the Eastern Partnership on the agenda for 19-20 April. Members of the Euronest Parliamentary Assembly will meet remotely for the 9th Ordinary Session on Tuesday, 20 April. The Assembly is comprised […]
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