At today’s ECOFIN meeting, the last one under the Greek Presidency, a political agreement was reached on the Commission’s proposal to amend the Parent Subsidiaries Directive (2011/96/EU) on the common system of taxation applicable in the case of parent companies and subsidiaries of Member States.

The last ECOFIN under the Hellenic Presidency, chaired by the Greek Minister of Finance, Gikas Hardouvelis, is taking place in Luxembourg on 20 June.

During the working breakfast, Ministers will be debriefed on the Eurogroup and the economic situation.

The main session will commence with the Commission presenting to the Council the EU’s draft general budget for 2015.

Eliminating uncertainty, creating confidence

A proposal for an amended Directive on the common system of taxation applicable in the case of parent companies and subsidiaries of different Member States, a proposal for a Directive implementing enhanced cooperation in the area of Financial Transaction Tax, the In-Depth Reviews 2014 in the context of the Macroeconomic Imbalances Procedure and the follow-up to the international finance meetings last month in Washington D.C. are the main topics of the ECOFIN Council on 6 May, under the presidency of the Greek Minister of Finance, Yannis Stournaras.