![]() In the meantime, some EU countries have introduced unilateral FTTs, namely: However, other Member States may join the initiative at any point. Initially, the following EU Member States had indicated that they wanted to proceed with this enhanced cooperation procedure: Austria, Belgium, Estonia, France, Germany, Greece, Italy, Portugal, Slovenia, Slovakia and Spain.įollowing Estonia's formal withdrawal on 16 March 2016, ten Member States are currently participating in the negotiations under the enhanced cooperation procedure on the revised proposal. Although unanimity is in principle required for EU tax harmonization initiatives, an alternative procedure known as ‘enhanced cooperation’ allows a smaller group of Member States (a minimum of nine) to adopt such initiatives, subject to certain conditions and authorizations. The original proposal to adopt an EU-wide FTT did not go ahead because it did not get the support of all Member States. These findings would remain valid also in the context of enhanced cooperation, even though such cooperation would imply a more reduced geographical reach than a similar scheme adopted at the level of all EU Member States.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |