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23 January 2018

Main results of the Economic and Financial Affairs Council


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The Council revised the EU's list of non-cooperative jurisdictions in taxation matters, and discussed non-performing loans and the programme of the Bulgarian presidency.


The Council removed 8 jurisdictions from the EU's list of non-cooperative jurisdictions for tax purposes, following commitments made at a high political level to remedy EU concerns.

Barbados, Grenada, the Republic of Korea, Macao SAR, Mongolia, Panama, Tunisia and the United Arab Emirates were moved to a separate category of jurisdictions subject to close monitoring. [...]

Ministers discussed measures to address non-performing loans in the banking sector.

The Commission is planning measures to implement the Council's July 2017 action plan on non-performing loans.

The Council discussed growth prospects and macroeconomic imbalances under the 'European Semester', the EU's annual policy monitoring process.

It adopted conclusions and approved a draft recommendation on the economic policies of the euro area.

Ministers also discussed the further development of EU economic and monetary union, as well as the priorities of the Bulgarian presidency as concerns economic and financial affairs.

Council recommendation on the economic policy of the euro area

Macroeconomic imbalances: Council conclusions on the 2018 alert mechanism report

 

Council conclusions on macroeconomic and fiscal guidance to the member states (annual growth survey)

 

Taxation: Eight jurisdictions removed from EU list



© European Council


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