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Main results of the Economic and Financial Affairs Council

EU News 232/2013

14 May 2013
Council of the European Union
(OR. en)
PR CO 24
3238th Council meeting

The Council adopted a mandate for the Commission to negotiate updated savings tax agreements with Switzerland, Liechtenstein, Monaco, Andorra and San Marino.

The aim is to ensure that the five countries continue to apply measures that are equivalent to the EU's directive on the taxation of savings income, which is being amended.

The Council adopted conclusions on tax evasion and tax fraud, highlighting the need for a combination of efforts at national, EU and global levels, and confirming support for work within the G8, the G20 and the OECD on the automatic exchange of information.

These issues will be reviewed by the European Council at its meeting on 22 May.

The Council reached a political agreement on draft amending budget no. 2 for the EU's 2013 budget.

It adopted conclusions on:

macroeconomic imbalances, in the light of in-depth reviews of imbalances in 13 member states;

SEPA, the single euro payments area;

– the fast-start financing of climate change measures.

The Council also welcomed a compromise reached with the European Parliament on a draft directive on mortgage credit.

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