Political Statement

Total Page：16

File Type：pdf, Size：1020Kb

POLITICAL STATEMENT Joint statement on EU coordination for aviation pricing by the Ministers of Finance – 7 November 2019 Aviation transport connects people worldwide and is important for economic growth. At the same time, aviation has a significant impact on the environment: it causes approximately 2.5% of global CO2-emissions and it causes negative externalities, such as noise and air pollution. Compared to most other means of transportation, aviation is not sufficiently priced. Aviation transport is exempted from excise duties, no VAT is levied on international flights, there is no coordinated ticket tax and economic instruments to curb greenhouse gas emissions can be strengthened in the aviation sector. Therefore, CO2-emissions and negative externalities are on average not sufficiently covered in the price of international airplane tickets. We believe that more coordination on pricing of negative externalities of aviation could ensure that the polluter pays a fairer price for the use of aviation transport. To be effective and create a level playing field, we are convinced that EU coordination on this matter is the most effective for all member states. We therefore call upon the incoming European Commission to bring the debate on aviation pricing, e.g. in the form of aviation taxation or similar policies a step further, while taking into consideration - existing effective national systems and policies; - the competitiveness of the sectors concerned; and - the geographical position and the development of the transport infrastructure in member states. We call upon the European Commission to bring forward a proposal for an EU initiative on aviation pricing. The Netherlands France Wopke HOEKSTRA Sweden Bruno LE MAIRE Minister of Finance Magdalena ANDERSSON Minister of Economy and Finance Menno SNEL Minister of Finance State secretary of Finance Italy Roberto GUALTIERI Belgium Germany Minister of Economy and Alexander DE CROO Olaf SCHOLZ Finance Minister of Finance Minister of Finance Bulgaria Luxembourg Denmark Vladislav GORANOV Pierre GRAMEGNA Nicolai WAMMEN Minister of Finance Minister of Finance Minister of Finance .

Copy Link

Recommended publications

The Luxembourgish EU Presidency and Financial Services – July-December 2015
The Luxembourgish EU Presidency and Financial Services – July-December 2015 The Luxembourgish EU Presidency and Financial Services 1 July – 31 December 2015 Kreab Brussels 2 avenue de Tervueren, 1040 Brussels, Belgium www.kreab.com/brussels – @KreabEU 1 The Luxembourgish EU Presidency and Financial Services – July-December 2015 Contents Political Context of the Luxembourgish Presidency 3 Priorities of the Luxembourgish Presidency 4 Key Financial Services Initiatives and Legislative Dossiers 5 Organisation of the Luxembourgish Presidency 12 Annex I – Contact Information 13 Permanent Representation of Luxembourg to the European Union 13 Economy and Finance 14 Government of Luxembourg 16 Ministry of Finance of Luxembourg 17 Bank of Luxembourg 18 Financial Regulatory Body of Luxembourg 20 Annex II – CVs of Key Luxembourgish Ministers 21 Annex III – Provisional Calendar 23 Annex IV – Key Council Meetings 25 Annex V – Country Fact Sheet 26 Annex VI – The EU Presidency 28 2 The Luxembourgish EU Presidency and Financial Services – July-December 2015 Political Context of the Luxembourgish Presidency The Grand Duchy of Luxembourg will assume its twelfth Presidency of the Council of the European Union on 1 July 2015. Luxembourg is one of the smallest countries in the EU, but it is also the wealthiest per capita. Following Italy and Latvia, Luxembourg is the third in this Presidency Trio, and will be the second full Presidency to work with the new Commission headed by compatriot and former Prime Minister Jean-Claude Juncker. Luxembourg is the seat of several major institutions such as the European Court of Justice, the European Investment Bank, and the Court of Auditors. Attitude toward the EU Luxembourg is one of the six founding members of the European Union and has historically played a key role in its formation.
[Show full text]
Inclusive Format) Informal Videoconference 18 January 2021 PARTICIPANTS
EUROGROUP (Inclusive format) informal videoconference 18 January 2021 PARTICIPANTS President of Eurogroup Mr Paschal DONOHOE President Belgium: Mr Vincent VAN PETEGHEM Deputy Prime Minister and Minister for Finance, with responsibility for the prevention of tax evasion Bulgaria: Mr Kiril ANANIEV Minister for Finance Czech Republic: Ms Alena SCHILLEROVÁ Deputy Prime Minister and Minister for Finance Denmark: Mr Morten BØDSKOV Minister for Taxation Germany: Mr Olaf SCHOLZ Federal Minister for Finance Estonia: Mr Märten ROSS Deputy Secretary-General for Financial Policy and External Relations Ireland: Mr Gary TOBIN Assistant Secretary General with responsibility for International and EU Division Greece: Mr Christos STAIKOURAS Minister for Finance Spain: Ms Nadia María CALVIÑO SANTAMARÍA Third Deputy Prime Minister and Minister for Economic Affairs and Digital Transformation France: Mr Bruno LE MAIRE Minister for Economic Affairs, Finance and Recovery Croatia: Mr Zdravko MARIĆ Deputy Prime Minister and Minister for Finance Italy: Mr Roberto GUALTIERI Minister for Economic Affairs and Finance Cyprus: Mr Constantinos PETRIDES Minister for Finance Latvia: Mr Jānis REIRS Minister for Finance Lithuania: Ms Gintarė SKAISTĖ Minister of Finance Luxembourg: Mr Pierre GRAMEGNA Minister for Finance Hungary: Mr Mihály VARGA Minister for Finance and Deputy Prime Minister Malta: Mr Clyde CARUANA Minister for Finance and Employment Netherlands: Mr Wopke HOEKSTRA Minister for Finance Austria: Mr Gernot BLÜMEL Federal Minister for Finance Poland: Mr Tadeusz
[Show full text]
Afghanistan H.E. Abdul Hadi Arghandiwal Acting Minister of Finance Ministry of Finance Pashtoonistan Maidan Kabul Afghanistan Mr
PUBLIC DISCLOSURE AUTHORIZED INTERNATIONAL CENTRE FOR SETTLEMENT OF INVESTMENT DISPUTES REPRESENTATIVE AND ALTERNATE REPRESENTATIVE Member Representative Alternate Representative Afghanistan H.E. Abdul Hadi Arghandiwal Mr. Abul Habib Zadran Acting Minister of Finance Deputy Minister for Finance Ministry of Finance Ministry of Finance Pashtoonistan Maidan Pashtoonistan Maidan Kabul Kabul Afghanistan Afghanistan Albania H.E. Ms. Anila Denaj Ms. Luljeta Minxhozi Minister of Finance and Economy Deputy Governor Ministry of Finance and Economy Bank of Albania Boulevard Deshmoret E. Kombit, No. 3 Sheshi "Skenderbej", No. 1 Tirana Tirana Albania Albania Algeria H.E. Aimene Benabderrahmane Mr. Ali Bouharaoua Minister of Finance Director General Ministere des Finances Economic and Financial External Affairs Immeuble Ahmed Francis Ministere des Finances Ben Aknoun Immeuble Ahmed Francis Algiers 16306 Ben Aknoun Algeria Algiers 16306 Algeria Argentina H.E. Gustavo Osvaldo Beliz Mr. Christian Gonzalo Asinelli Secretary of Strategic Affairs Under Secretary of International Financial Office of the President Relations for Development Balarce 50 Office of the President Buenos Aires Balarce 50 Argentina Buenos Aires Argentina Armenia H.E. Atom Janjughazyan Mr. Armen Hayrapetyan Minister of Finance First Deputy Minister of Finance Ministry of Finance Ministry of Finance Government House 1 Government House 1 Melik-Adamian St. 1 Melik-Adamian St. 1 Yerevan 0010 Yerevan 0010 Armenia Armenia Corporate Secretariat March 24, 2021 1 PUBLIC DISCLOSURE AUTHORIZED INTERNATIONAL CENTRE FOR SETTLEMENT OF INVESTMENT DISPUTES REPRESENTATIVE AND ALTERNATE REPRESENTATIVE Member Representative Alternate Representative Australia Hon. Josh Frydenberg MP Hon. Michael Sukkar MP Treasurer of the Commonwealth of Australia Assistant Treasurer Parliament House Parliament House Parliament Dr. Parliament Dr. Canberra ACT 2600 Canberra ACT 2600 Australia Australia Austria H.E.
[Show full text]
The Outlook for Global Tax Policy and Controversy in 2021: Jurisdiction Reports Contents
The outlook for global tax policy and controversy in 2021: Jurisdiction reports Contents Argentina Kazakhstan Australia South Korea Austria Kuwait Bahrain Luxembourg Belgium Malaysia Brazil Mexico Canada Netherlands Chile New Zealand China Mainland Nicaragua Colombia Norway Costa Rica Oman Croatia Panama Cyprus Peru Czech Republic Philippines Denmark Poland Dominican Republic Portugal El Salvador Qatar Egypt Russia Estonia Saudi Arabia Finland Singapore France Slovakia Germany Slovenia Greece South Africa Guatemala Spain Honduras Switzerland Hong Kong Taiwan Hungary Thailand India Turkey Indonesia UAE Iraq Ukraine Ireland United Kingdom Israel United States Italy Vietnam Japan Glossary Jordan 2 | 2021 Tax Policy and Controversy Outlook 2021 Tax Policy and Controversy Outlook | 3 Section 2: Tax policy in 2021 2.1 Key drivers of tax policy change The government seeks fiscal sustainability but at a pace • Online☒ betting tax rate increase that allows the country to recover and sustain that recovery. • VAT☒ and import duty exemption on vaccines and disposables To achieve that, those who foster economic growth, recovery imported by the Ministry of Health Argentina • Return to Contents and exports will receive advantages. Some proposed measures for 2021 include: • Discussions☒ about a new wealth tax on high net worth individuals • Excise☒ taxes increase on electronic products EY key contacts Section 1: Tax rates (2020–2021) 2.2 Tax changes in 2021 Tax policy Tax types Likelihood of changes in 2021 Direction of change Ariel Becher 1.1 Key tax rates [email protected] 1. Overall corporate income tax Change already proposed or known for 2021☒ Lower in 2021 ☒ 2020 2021 % change responsibility +54 11 4318 1686 Change possible or somewhat likely in 2021 ☒ Same in 2021 ☒ Corporate income 30% 25% (*) -17% No changes expected in 2021 Higher in 2021 tax — top rate Tax controversy (Please list top 2.
[Show full text]
COVID-19 Update 11 June 2020
COVID-19 Update 11 June 2020 News This weekly news update summarizes and analyzes the latest developments and measures in light of the COVID-19 outbreak. This week in Brussels European Central Bank increases firepower, calls for quick adoption Recovery Fund On 4 June, the European Central Bank (ECB) announced it will increase the envelope for the pandemic emergency purchase program (PEPP) by €600 billion. Combined with the earlier €750 billion, the PEPP will amount to a total of €1,350 billion. Moreover, the program is extended by six months, until June 2021. The ECB believes the expansion of the program is needed as the Eurozone economy continues to shrink, and price indices drop to levels bordering deflation. By stabilizing the financial markets through purchases of sovereign debt, the ECB is providing the monetary and hence indirectly economic response of the EU. By doing this, the ECB buys time for the European leaders to reach a political agreement on the right instruments for the economic recovery. ECB President Lagarde warned that a quick adoption of the EU Recovery Fund is needed, and stated that “any delay (of the adoption, red.) risks generating negative spillovers and driving up the costs, and hence the financing needs, of this crisis”. Preparing for the budget negotiations In anticipation of the first round of budget negotiations, scheduled for next week Friday, tension is rising in Brussels. Austrian Finance Minister Blümel said that the new proposal is not acceptable as Austria’s contribution to the MFF would increase by 50% and the Recovery Fund will have to be repaid as well.
[Show full text]
C/Min(2015)18
A usage officiel/For Official Use C/MIN(2015)18 Organisation de Coopération et de Développement Économiques Organisation for Economic Co-operation and Development 03-Jun-2015 ___________________________________________________________________________________________ _____________ Bil. CONSEIL COUNCIL A usage officiel/ A usage C/ MIN(2015)18 For OfficialFor Use Réunion du Conseil au niveau des Ministres, 3-4 juin 2015 Meeting of the Council at Ministerial Level, 3-4 June 2015 LISTE DES MINISTRES ET CHEFS DE DELEGATION LIST OF MINISTERS AND HEADS OF DELEGATION Les informations contenues dans cette liste (y compris l'ordre de préséance) sont celles transmises par les Délégations via le système de gestion des réunions (EMS) au 2 juin 2015. The information contained herein (including protocol ranking) was supplied by Delegations via the Events Management System (EMS) as of 2 June 2015. JT03377707 Complete document available on OLIS in its original format Document complet disponible sur OLIS dans son format d'origine This document and any map included herein are without prejudice to Ce document et toute carte qu'il peut comprendre sont sans préjudice the status of or sovereignty over any territory, to the delimitation of du statut de tout territoire, de la souveraineté s'exerçant sur ce dernier, international frontiers and boundaries and to the name of any territory, du tracé des frontières et limites internationales, et du nom de tout city or area. territoire, ville ou région. Bil. C/MIN(2015)18 Pays-Bas/Netherlands Présidence/Chair Mr. Mark RUTTE Prime Minister Mr. Henk KAMP Minister of Economic Affairs Ms. Lilianne PLOUMEN Minister of Foreign Trade and Development Co-operation Ms.
[Show full text]
CV Minister of Finance Pierre Gramegna 2020
Pierre Gramegna Minister of Finance © SIP/Yves Kortum Pierre Gramegna was born on 22 April 1958 in Esch-sur-Alzette. Pierre Gramegna is also a promoter of the diversification of Luxembourg’s financial centre, in particular with regard to FinTech and sustainable finance. He is the initiator and presi- Education and qualifications dent of the LHoFT Foundation, which runs the Luxembourg House of Financial Technology. Following his secondary school studies in Esch-sur-Alzette (classical mathematics section) Pierre Gramegna pursued As chair of the Economic and Financial Affairs Council of the studies in law and economics at the Université Panthéon- European Union during the Luxembourg Presidency (second Assas (Paris II), where he was awarded a master’s degree in half of 2015), Pierre Gramegna actively contributed to reach- civil law in 1981 and a degree in economic sciences in 1982. ing landmark agreements on the introduction of the auto- He completed his post-university education with a DEA (post- matic exchange of information on tax rulings with EU mem- graduate diploma of advanced studies) in European Union ber states, as well as on securitisation. law. He was awarded the title of doctor honoris causa from the Sacred Heart University of Luxembourg. Pierre Gramegna puts particular emphasis on Luxembourg’s role in multilateral development banks. In 2014, Luxembourg Governmental posts became a member of the African Development Bank and, in 2015, Luxembourg was the first non-Asian country to join the Following the legislative elections of 14 October 2018, Asian Infrastructure Investment Bank. In May 2016, Pierre Pierre Gramegna was re-appointed Minister of Finance on 5 Gramegna was elected chair of the Board of Governors of the December 2018 in the coalition government formed by the European Bank for Reconstruction and Development for a Democratic Party (DP), the Luxembourg Socialist Workers’ one-year mandate.
[Show full text]
Building the Financial Silk Road
BUILDING THE FINANCIAL SILK ROAD TUESDAY, 17 SEPTEMBER 2019 The Peninsula | Beijing WeChat ID: LFF_OFFICIAL LUXEMBOURG FOR FINANCE Agency for the development of the Financial Centre Luxembourg for Finance (LFF) is LFF connects international providing the necessary material on the Agency for the Development investors to the range of financial products and services available in of the Financial Centre. It is a services provided in Luxembourg, Luxembourg. public-private partnership between such as investment funds, wealth Furthermore, LFF manages multiple the Luxembourg Government and management, capital market communication channels, organises the Luxembourg Financial Industry operations or advisory services. seminars in international business Federation (PROFIL). Founded in In addition to being the first port locations, and takes part in 2008, its objective is to develop of call for foreign journalists, selected world-class trade fairs Luxembourg’s financial services LFF cooperates with the various and congresses. industry and identify new business professional associations and opportunities. monitors global trends in finance, Join Luxembourg for Finance on HE Pierre GRAMEGNA Minister of Finance Grand Duchy of Luxembourg Ministry of Finance 3, rue de la Congrégation L-2931 Luxembourg www.mf.public.lu Following the legislative elections of 14 October 2018, Pierre Gramegna was re-appointed Minister of Finance in the coalition government formed by the Democratic Party (DP), the Luxembourg Socialist Workers’ Party (LSAP) and the Green Party (déi gréng). Pierre Gramegna ﬁrst joined the government as Minister of Finance in 2013. As Minister of Finance, Pierre Gramegna has initiated major reforms to balance the budget and to align Luxembourg’s tax rules with international transparency standards.
[Show full text]
Pierre Gramegna
Pierre Gramegna Minister of Finance © SIP/Yves Kortum Pierre Gramegna was born on 22 April 1958 in Esch-sur-Alzette. these efforts, Luxembourg’s AAA rating has been consis- tently confirmed by all major rating agencies and, in 2015, the Global Forum on Transparency and Exchange of Education and qualifications Information for Tax Purposes upgraded Luxembourg to “largely compliant”. Furthermore, in 2014, Pierre Gramegna Following his secondary school studies in Esch-sur-Alzette established Luxembourg’s sovereign fund for the benefit of (classical mathematics section) Pierre Gramegna pursued future generations. studies in law and economics at the Université Panthéon- Assas (Paris II), where he was awarded a master’s degree in Pierre Gramegna is also a promoter of the diversification of civil law in 1981 and a degree in economic sciences in 1982. Luxembourg’s financial centre, in particular with regard to He completed his post-university education with a DEA (post- FinTech and sustainable finance. He is the initiator and presi- graduate diploma of advanced studies) in European Union dent of the LHoFT Foundation, which runs the Luxembourg law. In 2020, he was awarded the title of doctor honoris House of Financial Technology. causa from the ESCP Business School for his leadership in the domains of finance and diplomacy as well as for his commit- As chair of the Economic and Financial Affairs Council of the ment to sustainable development in Luxembourg. He was European Union during the Luxembourg Presidency (second also awarded the title of doctor honoris causa from the half of 2015), Pierre Gramegna actively contributed to reach- Sacred Heart University Luxembourg.
[Show full text]
Download Abstracts and CV Here
Conference The Accounts of Society National Accounts at the Service of Economic and Monetary Policy Making Luxembourg, Alvisse Parc Hotel 12‐13 June 2014 Abstracts & Faculty CV Eurostat Conference The Accounts of Society National Accounts at the Service of Economic and Monetary Policy Making Luxembourg, Alvisse Parc Hotel - 12‐13 June 2014 National Accounts at the Service of Economic and Monetary Policy Making Jørgen ELMESKOV: National Accounts - continuously struggling to catch-up with economic reality and policy needs Abstracts The switch to ESA2010 is a major achievement. However, national accounts still face a number of challenges, some of which have policy implications. Challenges include how to appropriately treat globalization of economic activity; dealing with the price-volume split of activity in the services sector, including public sector services; considering the relation between fiscal rules and changes in GDP definitions; deciding when investment should be treated as investment; and considering the way asset-price valuations enter the national accounts. Werner BIER: Use of National Accounts for the purpose of the ECB’s monetary policy National accounts provide an important information basis for the ECB’s monetary policy. They constitute a comprehensive and consistent framework for the analysis of economic and financial developments. The presentation illustrates how national accounts support the ECB in conducting its monetary policy. It focuses on their analytical relevance and methodological advantages, as well as on the various enhancements that the introduction of ESA 2010 brings for ECB purposes. By way of example, the Euro Area Accounts is presented as a tool for cross- checking non-financial and financial developments, including monetary developments, in an integrated, economic-sector-based approach.
[Show full text]
Summing-Up Letter, Eurogroup, 9 July 2020
027139/EU XXVII.GP Eingelangt am 15/07/20 Eurogroup The President Brussels, 14 July 2020 ecfin.cef.cpe(2020)4210454 To the members of the Eurogroup Subject: videoconference of 9 July 2020 Dear colleagues, I would like to share with you the main content and course of our videoconference of 9 July, my last meeting as President of the Eurogroup. The Commission was represented by Vice-President Valdis Dombrovskis and Commissioner Paolo Gentiloni. ECB President Christine Lagarde, ECB Executive Board Member Fabio Panetta and ESM Managing Director Klaus Regling also joined the videoconference. We welcomed Professor Niels Thygesen, President of the European Fiscal Board, for the item on the budgetary situation and fiscal stance of the euro area. 1. Presentation of the Commission's summer interim forecast The Commission presented its interim forecast, which confirms that the euro area entered a recession of unprecedented depth in the second quarter. Without the swift and determined policy responses we have implemented at the national and European levels, the situation would have been even worse. The policy response to the pandemic remains our prime focus. The forecast also confirms that the rebound has started, though the level of uncertainty and risk remains high. On an annual basis, the euro area economy is expected to shrink by almost 9% this year and, even if the rebound continues next year, as we hope, economic output will still be far below its previous trend. Moreover, we took good heed of the warnings from the Commission and the ECB that, even as activity rebounds, delayed impacts of the crisis on jobs and firms may l continue to materialise.
[Show full text]
The Fourth Annual Meeting of the Board of Governors
ASIAN INFRASTRUCTURE INVESTMENT BANK THE FOURTH ANNUAL MEETING OF THE BOARD OF GOVERNORS SUMMARY OF PROCEEDINGS Luxembourg City, Luxembourg JULY 12-13, 2019 ASIAN INFRASTRUCTURE INVESTMENT BANK Headquarters B9 Financial Street, Xicheng District Beijing, 100033 China Phone: +86 10 8358 0000 Website: www.aiib.org Any designation of or reference to a specific territory or geographic area, or the use of the term “country” in this document does not constitute and shall not be construed as constituting an express or implied position, endorsement, acceptance or expression of opinion by AIIB as to the legal or other status of any territory or area. INTRODUCTORY NOTE The 4th Annual Meeting of the Board of Governors of the Asian Infrastructure Investment Bank took place on July 12-13, 2019, in Luxembourg City, Luxembourg. His Excellency Pierre Gramegna, Governor for Luxembourg, served as the Chair. The Summary of Proceedings records the texts of statements submitted by Governors in alphabetical order by members, the transcript of Governors’ contribution at the Governors’ Roundtable, and the resolutions adopted by the Board of Governors of the Asian Infrastructure Investment Bank. Danny Alexander Corporate Secretary Asian Infrastructure Investment Bank Beijing, China October, 2019 CONTENTS Page AGENDA .............................................................................................................................. 1 Official Session of the Board of Governors ........................................................................ 1 Governors’
[Show full text]