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Economy and finance

Coordinated fiscal stimulus necessary to deliver full recovery by end 2021

Support business investment, consumer demand, maintain employment Today, BusinessEurope published its Spring Economic Outlook 2020 in view of the economic crisis due to the COVID-19 pandemic. Bus...
BusinessEurope Economic Outlook Spring 2020 – Strengthening the economic recovery
Economy and finance

BusinessEurope Economic Outlook Spring 2020 – Strengthening the economic recovery

The EU, in common with the rest of the global economy, is presently experiencing the deepest recession since the Great Depression of the 1930s. The imposition of comprehensive lockdowns has caused nat...
Access to finance / financial affairs

Sustainable Europe Investment Plan should close investment gap

Transition towards climate-neutral economy must be well designed Today the European Commission published its communication on a Sustainable Europe Investment Plan. BusinessEurope Director General Ma...
Towards a simplified, sustainable and robust VAT system
Economy and finance

Towards a simplified, sustainable and robust VAT system

What is VAT and why is it important? The importance of value-added taxes (VAT) to the European economy cannot be underestimated. VAT is a consumption tax borne by the final consumer which is charged...
Economy and finance

Comments on the OECD Public Consultation on the Global Anti-Base Erosion Proposal (GloBE) under Pillar 2

Key messages We welcome the opportunity to provide comments on the significant steps the OECD intends to make in reforming the international tax system under Pillar 2, and we urge all participants...
Economy and finance

Proposal for a unified approach under OECD Pillar 1 – BusinessEurope’s reply to the public consultation

Key messages We welcome the OECD’s public consultation on Pillar 1 and the ambitious efforts the OECD is making in the area of digital taxation. Only through a global consensus can we hope to...
Economy and finance

EU faces economic slowdown due to trade tensions

Need to support investment and structural reforms Today, BusinessEurope published its Autumn Economic Outlook 2019. Based on input from its member federations in 35 countries, the outlook shows that...
BusinessEurope Economic Outlook Autumn 2019 – EU economy weakens as trade tensions continue
Economy and finance

BusinessEurope Economic Outlook Autumn 2019 – EU economy weakens as trade tensions continue

The EU economy is experiencing an economic slowdown, reflecting declining global demand and uncertainties due to trade tensions. We forecast 1.3% real GDP growth in 2019 for the EU28 and 1.2% in 2020....
BusinessEurope Economic Outlook Spring 2019 – EU growth falters
Economy and finance

BusinessEurope Economic Outlook Spring 2019 – EU growth falters

EU economic growth fell considerably in the second half of 2018, reflecting both declining global demand and one-off factors impacting on domestic activity.  Whilst there are signs that domestic...
Economy and finance

EU finance ministers must achieve breakthrough on EMU completion

Growth at risk due to trade tensions, no-deal Brexit, tax uncertainty Today, BusinessEurope published its Spring Economic Outlook 2019. While EU finance ministers meet in Luxembourg today, BusinessEu...
Economy and finance

Introducing certain requirements for payment service providers – BusinessEurope position paper on the European Commission directive

Key messages We welcome the European Commission’s efforts to fight VAT fraud, as VAT fraud creates strong competitive distortions at the expense of the vast majority of businesses who pay...
Economy and finance

EU falling behind in creation of world-leading companies

Today BusinessEurope published its EU Reform Barometer 2019 – “Building an EU for European businesses to succeed globally”. BusinessEurope President Pierre Gattaz said: “Europe retains man...