Smart Taxation – A Step Towards a Fair, Efficient and Growth-Friendly European Taxation Approach
In a rapidly changing global economy, smart taxation is essential to drive growth and economic prosperity. However, the European Union (EU) continues to fall behind as it persists with a one-size-fits all taxation system. This year’s GLOBSEC Tatra Summit hosts a Focus Group, bringing together international experts, looking to reshape and support a smarter European tax policy.
Europe is at a crossroads in adapting its tax policy to the realities of today’s global economy. The EU plays a key role in overseeing national tax rules in some areas - particularly in relation to EU business and consumer policies.
The institutional changeover marks a perfect opportunity for the Tatra Summit to place major topics on the radar of decision-makers and offer efficient recommendations. So now is the time to adapt the EU’s taxation model to be fit-for-purpose. With member states around the table, European fiscal authorities should design a model that does not have a disruptive impact on national needs and is based on more flexibility.
The Focus Group “Smart taxation in a fast-changing Global Economy” explores the different challenges and opportunities of introducing smart tax models, building on member state experience and examples from industries operating within the Union.
At a time when Europe needs to adjust to a fast-changing global economy and discover new sustainable and future-proof ideas, policy-makers should adopt a model that gives national governments flexibility to approach taxation in a manner that allows businesses from operating in Europe to grow and be competitive, whilst leaving space to adapt to national needs.
The Focus Group will explore some best-practices adopted by the EU and member states which proved to be successful. Hungary, for example, implemented a fixed-rate tax of low tax-bracket enterprises which allowed small business and local entrepreneurs to comply easily with legal requirements rather than continuing to do business in the black market. In Germany, the government introduced a fiscal calendar for tobacco taxation for a five-year period which guaranteed predictability for businesses, but also sustained revenues for the state coffers. This only demonstrated that national governments need flexibility to set rates according to national circumstances in order for tax collection to exceed forecasts and businesses to thrive. And finally, at EU level, the adoption of mini-one-stop-shop supports businesses to reduce administrative burden by introducing a single window for VAT payments.
Notes to the editor
About GLOBSEC Tatra Summit
Tatra Summit is one of GLOBSEC’s flagship projects. The Summit is organised annually and provides the opportunity for experts to have fruitful political discussions on the future of Europe. The Focus Group “Smart taxation in a fast-changing Global Economy” takes place on 12 October 2019 from 8.30 to 10 a.m.
For press-related enquiries, contact: firstname.lastname@example.org.
More detailed information is available on the official site: https://tatrasummit.globsec.org/
About Business Wire
(c) 2018 Business Wire, Inc., All rights reserved.
Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
FUNET builds 400G-ready network on ADVA FSP 3000 open line system21.11.2019 08:00:00 CET | Press release
ADVA (FSE: ADV) today announced that CSC – IT Center for Science, which operates the Finnish University and Research Network (FUNET), has deployed ADVA technology in response to soaring bandwidth demand. The new solution is now providing Finland’s universities and research facilities with highly reliable connectivity at speeds up to 200Gbit/s. Built on the ADVA FSP 3000 open line system (OLS), the fully redundant network leverages ADVA’s QuadFlex™ transponders and ultra-flexible ROADM technology. This enables FUNET to rapidly respond to increasing demand for new services and bandwidth at the touch of a button. Continual, real-time assurance is provided by ADVA’s ALM fiber monitoring solution. The network is also ready to expand to 400Gbit/s, ensuring that it will satisfy the needs of Finland’s research and education (R&E) community both now and in years to come. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191121005068/en/
AG&P gjør en strategisk investering i Kanfer Shipping21.11.2019 07:22:00 CET | Press release
Det ledende og globale selskapet for logistikk av flytende naturgass (LNG) Atlantic Gulf & Pacific (AG&P), har gjort en strategisk investering i Kanfer Shipping (Kanfer). Kanfer er en innovativ utvikler av sjøtransport, maritime break-bulk-løsninger, flytende lagringsfasiliteter samt bunkring av LNG, med base i Norge. Sammen vil Kanfer og AG&P gjøre LNG mer tilgjengelig og kommersielt levedyktig for kunder i nye og voksende naturgassmarkeder. Denne pressemeldingen inneholder multimedia. Se hele pressemeldingen her: https://www.businesswire.com/news/home/20191120006068/no/ AG&P makes a strategic investment in Norway-based Kanfer Shipping to make LNG more accessible and commercially viable for downstream customers. Kanfer has captured the attention of the global LNG maritime infrastructure industry with its revolutionary Detachable Stern Vessel (left), that makes it easier, faster, and more efficient to break-bulk and transport LNG. (Photo: Business Wire) Kanfer har allerede gjort seg be
Study Uses Masimo Patient SafetyNet™ and rainbow Acoustic Monitoring® to Investigate the Incidence of Desaturation and Bradypnea in Postoperative Patients21.11.2019 07:00:00 CET | Press release
Masimo (NASDAQ: MASI) announced today that in a study recently published in the Journal of Clinical Monitoring and Computing, researchers at Nippon Medical School in Tokyo, Japan used Masimo Patient SafetyNet™ and rainbow Acoustic Monitoring® (RAM®), acoustic respiration rate monitoring with RRa®, as a centralized continuous monitoring system to identify the incidence and predictors of desaturation and bradypnea in postoperative patients – concluding that “Use of monitoring systems might provide a safety net for postoperative patients.”1 This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191120006062/en/ Masimo Patient SafetyNet™, Root® with Radius-7®, RRa®, and SET® (Photo: Business Wire) Patient SafetyNet is a supplemental remote monitoring, patient surveillance, and clinician notification system that works in conjunction with Masimo and third-party bedside monitoring devices to display near real-time data at central stations.
Inotrem Announces Enrollment of First Patient in its Phase IIb ASTONISH Trial for Nangibotide in the Treatment of Septic Shock21.11.2019 07:00:00 CET | Press release
Inotrem S.A., a biotechnology company specializing in immunotherapy for acute inflammatory syndromes, through its knowledge of the TREM-1 pathway biology, announced today it has initiated its Phase IIb ASTONISH trial to evaluate nangibotide in the treatment of septic shock and has enrolled the first patient in the trial. Nangibotide is a TREM-1 inhibitor peptide with the potential to restore appropriate inflammatory response, vascular function, and improve post septic shock survival. Septic shock is the ultimate complication of sepsis. The incidence of septic shock continuously raises and mortality remains elevated (35%) in developed countries. There is currently no specific therapy approved for this indication besides antibiotics and supportive treatment. Inotrem’s therapeutic solution has the potential to become the first mechanism-based treatment for septic shock. Nangibotide in septic shock has been granted the fast track status in September 2019 by the FDA and the PRIME status in
NTT Com Wins Two MEF 3.0 Proof of Concept Awards21.11.2019 06:03:00 CET | Press release
NTT Communications Corporation (NTT Com), the ICT solutions and international communications business within the NTT Group (TOKYO: 9432), announced today it received MEF 3.0 Proof of Concept Awards in two categories, “MEF3.0 SD-WAN Implementation 2019” and “Network Slicing Implementation 2019,” during the MEF 3.0 Proof of Concept Showcase event held in the U.S. city of Los Angeles from November 18 to 22. The showcase was organized by the Metro Ethernet Forum (MEF), a global telecom industry alliance with more than 220 members. NTT Com attended the showcase to introduce an SD-WAN1 service and a 5G-related proof of concept (PoC)2, joining other telecom carriers and manufacturers that presented their own initiatives for judging. About MEF Awards https://www.mef.net/2019_MEF_Awards MEF3.0 SD-WAN Implementation 2019 NTT Com’s orchestrated virtualized multivendor SD-WAN services received the award presented for the best SD-WAN service in compliance with MEF specifications. The NTT Com servic
Innodisk and Microsoft Announce Strategic Alliance, Pushing for New Out-of-Band Standard for Secure AIoT Device Management21.11.2019 01:41:00 CET | Press release
Innodisk is hosting media and industry partners at an exclusive Taipei event with a focus on establishing a new standard of AIoT storage and device management. Joining Innodisk’s president Randy Chien is Microsoft’s APAC GM of IoT Device Experience, Shirley Strachan, who together will announce the two companies’ strategic partnership. The event will also be attended by some of the main actors in the industry, SuperMicro, DFI, Avalue, and IEI, who will be showcasing how their products can integrate Innodisk and Microsoft’s new solution. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191120006043/en/ Innodisk is announcing the strategic partnership with Microsoft and push out of band management to AIoT edge devices. (Photo: Business Wire) World’s First SSD with Integrated Azure Sphere With the new InnoAGE™ SSD with Microsoft’s MCU, Azure Sphere, Innodisk introduces an innovative flash device with independent Out-of-Band connec