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House of Commons Hansard
15 June 2016
Volume 611
  • A meeting of the Economic and Financial Affairs Council was held in Brussels on 25 May 2016. EU Finance Ministers discussed the following items:

    Anti-tax avoidance package

    Ministers held an exchange of views on a compromise text relating to the anti-tax avoidance directive. Ministers agreed that this file would return to ECOFIN in June for further discussion and possible agreement.

    Current legislative proposals

    The presidency updated the Council on the state of play of financial services dossiers.

    State of play of the banking union

    The Commission gave an update on several dossiers linked to the banking union: the single resolution fund, the bank recovery and resolution directive and the deposit guarantee scheme directive.

    VAT action plan

    The Council held an exchange of views and agreed Council conclusions relating to the Commission’s VAT action plan, published 7 April, and a European Court of Auditors special report.

    European semester

    Following preparation by the Economic and Financial Committee, the Council adopted conclusions on the 2016 in-depth reviews of macroeconomic imbalances and the implementation of the 2015 country specific recommendations.