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Agenda of the Economic and Financial Affairs Council, 6 December 2022

06 December 2022

EU budget: rule of law conditionality mechanism

The Council will discuss the proposal for a Council implementing decision on measures for the protection of the Union budget against breaches of the principles of the rule of law in Hungary.

EU budget (background information)

Economic recovery in Europe

The Council will take stock of the implementation of the Recovery and Resilience Facility, following a presentation by the Commission on the state of play. The Council will also discuss the Hungarian recovery and resilience plan.

A recovery plan for Europe (background information)

Financial support to Ukraine

The Council will discuss a legislative package on €18 billion in financial support to Ukraine. The package consists of:

Regulation amending Regulation 2020/2093 laying down the multiannual financial framework for the years 2021 to 2027

Regulation establishing an Instrument for providing support to Ukraine for 2023 (macro-financial assistance +)

Regulation amending Regulation 2018/1046 as regards the establishment of a diversified funding strategy as a general borrowing method

EU solidarity with Ukraine (background information)

EU relations with Ukraine (background information)

New internationally agreed rules aim for a fair and effective taxation for multinational groups

Taxation: global minimum level of taxation (Pillar 2)

The Council will discuss the directive on ensuring a global minimum level of taxation for multinational groups in the Union.

Digital taxation (background information)

EU budget for 2023

As a follow-up to the adoption of the EU budget for 2023, the Council will prepare a statement on heading 7 which concerns administrative expenditure of the EU institutions.

EU budget (background information)

Economic governance review

The Commission will present its communication on the economic governance review. This will be followed by a discussion by the Council.

Economic governance framework (background information)

European Semester 2023

The Commission will present the annual sustainable growth survey 2023, alert mechanism report 2023 and recommendation for a Council recommendation on the economic policy of the euro area, and ministers will exchange views.

European Semester (background information)

Energy taxation

Ministers will hold a policy debate on the revision of the energy taxation directive.

Energy prices and security of supply (background information)

EU’s new own resources

The Presidency will present its report on the discussions on new own resources for the Union.

EU budget (background information)

Current financial services legislative proposals

The Presidency will present the state of play of financial services legislative proposals.

Capital Markets Union (background information)

Digital finance (background information)

Report on the implementation of the EU budget

The President of the European Court of Auditors will present the annual report on the implementation of the budget for the financial year 2021, which was published on 13 October 2022.

EU spending: auditors find increased errors (European Court of Auditors)

EU budget (background information)

Business taxation: Code of Conduct group

As an item without discussion, the Council will approve conclusions on the progress achieved by the Code of Conduct Group. On 8 November, EU finance ministers agreed on a revised code of conduct for business taxation, strengthening the criteria which member states use to detect harmful tax practices within the EU.

Taxation: Finance ministers agree to strengthen the code of conduct used to identify and curb harmful tax measures of member states (press release, 8 November 2022)

Code of Conduct Group (business taxation) (background information)

Report to the European Council on tax issues

As an item without discussion, the Council will approve its report to the European Council on tax issues. Economy and finance ministers report to the European Council on tax issues twice a year.

Meeting information
  • Meeting n°3918
  • Brussels
  • 6 December 2022
  • 10:00
Preparatory documents

 

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Details

Date:
06 December 2022
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Venue

EU Council, Brussels
Rue de la Loi/Wetstraat 175
Brussels, B-1048 Belgium
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Phone
+32 22816111
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Organizer

EU Council