The Trade and Technology Council (TTC) can enhance EU-US cooperation by providing a forum for both sides to proactively work through new and emerging issues that arise from the transformation of our economies, including the pervasive impact of new technologies, the digitisation of trade and supply-chain resilience. One of the areas, where the EU-US TTC can and should strive to achieve immediate results is on export controls. In our paper, we outline priority issues and key recommendations to improve cooperation on export controls within the TTC. Our recommendations focus on a harmonised EU-US export control regime, the removal of non-tariff barriers, pre-defined export control frameworks, the promotion of legal certainty, collaborative export frameworks for joint R&D as well as coordination on intangible technology and software transfers.
Export Controls under the Trade and Technology Council
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Principles for economically efficient and growth-compatible tax reform in the EU
The Draghi report highlights how economic growth has stagnated in the EU due to structural weaknesses that risk undermining the EU’s global competitiveness. To bolster the EU’s attractiveness and competitiveness, lawmakers should pursue a coherent pro-growth tax reform agenda. A pro-growth tax reform agenda in the EU27 can be evaluated through five principles: (a) economic efficiency, including low distortion of economic decisions and low administrative and compliance costs; (b) consideration and strong discipline across the entire lifecycle of tax policy reform: initial decision making process, legal design and implementation; (c) evidence-based accountability through clear objectives, rigorous impact assessment, meaningful consultation and ex post review; (d) strengthening the Single Market rather than adding cross-border frictions; and (e) neutrality and fair competitive conditions across sectors, countries and business models.
These principles are mutually reinforcing: growth is supported not only by sound and coherent statutory design, but by the full tax system including law, administration and taxpayer interaction. AmCham EU has prepared a framework for EU lawmakers to use while designing, implementing and evaluating tax policy based upon our members’ experiences operating in every EU Member State and almost every country around the world.
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Tax policy may not always make headlines – but its benefits certainly are
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Sustainable Finance Disclosure Regulation 2.0: getting the architecture right
The EU’s sustainable finance rules should help investors understand where their money is going and support Europe’s transition. The Commission’s proposal improves the current system, but some changes are still needed.
The new Transition category should focus on whether companies are cutting emissions, not on the sector they operate in. The 70% threshold should stay. The rules should also work with MiFID II and the EU Taxonomy.
Companies need 24 months to prepare. Firms that fall outside the new scope should stop reporting as soon as the rules enter into force.
Read the paper to learn how SFDR 2.0 can direct more capital towards Europe’s transition.
Policy priorities
Insights and advocacy driving Europe’s policy agenda. Our priorities support growth, innovation and a stronger transatlantic economy.
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Connecting business and policymakers to strengthen the voice of American companies in Europe.