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Retail investor package
On 24 May 2023, the European Commission put forward a package of two proposals to amend existing directives and a regulation with a view to fostering retail investor information transparency and ensuring that investment decisions are best for investors. The objective is to enhance trust and confidence, thereby increasing retail investor participation in financing the economy. The package is mostly concerned with clarity in communication and the prevention of misleading marketing. It also seeks to ...
Amending the European Long-Term Investment Funds (ELTIFs) Regulation
European long-term investment funds (ELTIFs) invest on a long-term basis in infrastructure projects, real estate, and small and medium-sized enterprises, among other things. While the legislative framework – the ELTIF Regulation – for these funds was adopted six years ago, their market remains small. For this reason, the Commission has proposed amending the ELTIF Regulation to make it more appealing to investors. The key mulled changes involve differentiating between ELTIFs marketed to professional ...
The role of tax incentives in corporate taxation
While business tax incentives are used widely, concerns have been raised in recent years regarding their effectiveness, their impact on public finances and whether they could potentially distort the EU single market. With important innovation challenges ahead relating to the green and digital twin transition, tax incentives are increasingly being used to boost investment in the area of research and development.
Strumento di prestito per il settore pubblico nel quadro del meccanismo per una transizione giusta
Lo strumento di prestito per il settore pubblico è il terzo pilastro del meccanismo per una transizione giusta, insieme al Fondo per una transizione giusta e al regime per una transizione giusta nell'ambito del programma InvestEU. Tale strumento avrà due componenti, una di sovvenzione e l'altra di prestito. Con un contributo di 1,525 miliardi di EUR per la componente di sovvenzione proveniente dal bilancio dell'Unione e con prestiti della Banca europea per gli investimenti pari a 10 miliardi di EUR ...
Fondo europeo per la difesa 2021-2027
Nel giugno 2018 la Commissione europea ha presentato una proposta di regolamento che istituisce un Fondo europeo per la difesa. Tale fondo mira a promuovere la competitività e la capacità di innovazione della difesa dell'UE, nonché a contribuire all'autonomia strategica dell'Unione. All'inizio del 2019 il Parlamento e il Consiglio hanno raggiunto un accordo parziale e in seguito, nel dicembre 2020, un accordo politico provvisorio sulle questioni in sospeso. Nel marzo 2021 il Consiglio ha adottato ...
InvestEU programme: The EU's new investment support scheme
The InvestEU programme is a single investment support mechanism for the 2021-2027 period. It brings together various EU financial instruments for internal policies previously supported by different funds and programmes of the EU budget. On 26 March 2021, the InvestEU Regulation entered into force, with retroactive application from 1 January 2021. The EU guarantee, set at €26.2 billion, is expected to mobilise at least €372 billion of investment across the EU (in current prices). In addition, at Parliament's ...
Programma InvestEU
InvestEU è un meccanismo unico di sostegno agli investimenti previsto per il periodo 2021-2027. Razionalizza vari strumenti finanziari per le politiche interne dell'UE precedentemente sostenuti da diversi fondi del bilancio dell'Unione europea. Il Parlamento voterà in merito all'accordo in prima lettura su InvestEU durante la tornata di marzo I 2021.
The InvestEU programme: Continuing EFSI in the next MFF
Since its launch in November 2014, the Investment Plan for Europe (IPE) has had considerable success in mobilising private investment across Europe. Despite its success, investment levels in Europe remain below pre-crisis levels. There is therefore a need to provide for an extended EU investment programme under the new multiannual financial framework (MFF), which caters for multiple objectives in terms of simplification, flexibility, synergies and coherence across relevant EU policies. The InvestEU ...
Framework for a pan-European personal pension product (PEPP)
Europe's population is ageing, due to people living longer and having fewer children, putting pressure on pension systems and leading to reforms to make public pensions more sustainable – and often less generous – in future. To support retirement incomes, the European Commission's 2012 pensions white paper called for more opportunities for citizens to save in safe and good-value complementary pensions. The aim of the proposed framework for a pan-European personal pension product (PEPP) was to encourage ...
Pan-European pension product
This European added value assessment, prepared for the European Parliament's Committee on Economic and Monetary Affairs (ECON), analyses the added value of a pan-European pension product, in particular from the taxation viewpoint. It presents the issues that led to the PEPP proposal being made and provides a short overview of key stakeholders' opinions and existing studies. Moreover it considers the question of PEPP taxation and the impact of costs on final pensions. The analysis concludes by identifying ...