Issues of tax and fiscal policies of EU member states are expected to dominate the meeting of finance ministers of the “28” which will take place on Tuesday the 6th of May in Brussels.

The Greek presidency hopes that a general approach will occur after the update on the guidelines for parent and subsidiary companies.

According to information of the informative memo on European issues Agence Europe, the basic idea is to fill in loop holes that allow companies to avoid the objectives of the Directive (avoidance of Double taxation), and not pay taxes, after investigating of member states for a more beneficial tax regime.

Ministers will also be approving of the European Commission’s conclusions on the macroeconomic imbalances diagnosed in 14 Member states (Belgium, Bulgaria, Germany, Ireland, Spain, France, Croatia, Italy, Hungary, Netherlands, Slovenia, Finland, Sweden and Great Britain).

Finally, the EU ministers will be informed by the eleven countries that support the introduction of a tax on financial transactions, including Greece. Something that will serve to allay the fears expressed by countries not participating in enhanced cooperation, which is the mechanism  used for the introduction of new taxation.