ZAGREB, January 21, 2020 – The European Union’s finance ministers on Tuesday convened in Brussels to discuss digital taxation, the European Green Deal Investment Plan and some other topics, and this is the first meeting of EU finance ministers under the Croatian presidency of the Council. “I am sure that we have prepared ourselves well for this task, this is the peak moment of the job my team has been doing for several months. Of course, we are excited. It is a great honour to preside over the Council of the EU on behalf of Croatia,” said Croatian Finance Minister Zdravko Marić in Brussels on Tuesday morning.
Marić said that the ECOFIN (Economic and Financial Affairs Council) had a plenty of topics to discuss.
Reaching agreement n the Multiannual Financial Framework (MFF) for the 2021-2027 period is one of the priorities.
On Tuesday, the European Commission will give a presentation of the economic and financial aspects of the European Green Deal Investment Plan (EGDIP) to the ECOFIN.
Also referred to as Sustainable Europe Investment Plan (SEIP), the EGDIP is the investment pillar of the Green Deal. It will mobilise at least 1 trillion euro in sustainable investments over the next decade, according to the information on the EU website.
Finance ministers will discuss tax challenges arising from digitisation. They will take stock of ongoing negotiations in the context of the OECD on the reallocation of profits of digital businesses and on a minimum tax rate for multinational enterprises.
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