Tax Coordination: TPG discusses FATCA, VAT and national tax reforms

Improving and accelerating tax coordination in key areas that can contribute to economic stability and growth is the focus of today’s meeting of the Tax Policy Group (TPG) in Brussels. Algirdas Šemeta, Commissioner for Taxation, Customs, Anti-Fraud and Audit, is chairing the TPG, which brings together high level representatives of EU Finance Ministers. The Group will be updated on the Commission’s progress to find a pro-business approach with the USA in the application of the FATCA legislation in the EU. The future of VAT is also a topic for discussion, including tackling VAT fraud and evasion. The Commission’s Communication on VAT last December will help to provide the basis for this discussion (see IP/11/1508). Finally, the TPG will exchange views on the tax policy elements of national reform programmes and consider how to strengthen tax coordination in the context of the European Semester, in line with the AGS orientations (see MEMO/11/821). This is the fifth meeting of the Tax Policy Group, which was re-launched by Commissioner Šemeta in October 2010 ( IP/10/1312).


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