Priorities of the Dutch Presidency

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Priorities of the Dutch Presidency

One of the core priority of the Dutch presidency is to create structural, innovative growth and jobs, to stimulate innovative entrepreneurship and to strengthen new service sectors.

The Dutch Presidency has ten priorities in the fields of Financial Services: securitisation (STS), the Prospectus Directive, the European Deposit Insurance Scheme (EDIS), the IORP Review, Bank Structural Reform (BSR), Money Market Funds (MMF), the CRR Review, MiFID II/R Delegated Acts and RTS, EMIR Review and CCR Recovery and Resolution. See  here.

On 17 June 2015 the Commission presented an action plan to reform the corporate tax system in the

EU. During the Netherlands Presidency the Commission will come forward with a proposal for the conversion of OECD Base Erosion and Profit Shifting (BEPS) measures into European legislation.

In the first half of 2016, the Commission will publish an action plan for a more effective VAT regime,

including VAT on cross-border transactions within the EU. In the context of the digital single market, an action plan for an efficient and fraud-proof VAT regime is also expected in 2016, including a proposal on VAT rates and e-commerce.

The Netherlands Presidency looks forward to seeing concrete proposals based on the Digital Single

Market strategy  presented in May 2015. The main themes in this area include cross-border e- commerce, modernising copyright, simplifying VAT, reviewing the telecoms regulatory framework and fostering the free flow of data.

The Dutch presidency was committed to developing a competitive economy and determined to reach an agreement between Parliament and Council on the shareholders’ rights directive, the Dutch Minister of  Security  and Justice,  Ard van der  Steur,  told the  legal  affairs  committee.  He  noted Parliament’s call for a country-by-country tax reporting requirement, and said he was waiting for an impact assessment, expected from the Commission in the first quarter of 2016.