Report on a New Strategy for the Single Market (Mario Monti Report)

10 May 2010

In 2009 European Commission President Barroso engaged Professor Mario Monti, former Commissioner for Internal Market, Financial Services and Tax Policy to prepare a report containing options and recommendations for an initiative to re-launch the Single Market as a key strategic objective of the new Commission.  In relation to tax  and the single market Professor Monti's recommendations include the following:

  • Further work on elimination of tax barriers within the single maket, modernising e-invoicing rules, updating rules on cross border relief, introducing a binding dispute settlement mechanism covering double taxation suffered by individuals and reviewing the savings directive;
  • Work towards a common definition of the corporate tax bases and move forward with the work of the code of conduct group on business taxation;
  • Reform VAT rules in a single market-friendly way;
  • Develop the area of environmental taxation in the broader context of tax policy and the impact on growth and employment;
  • Agree on the establishment of a Tax Policy Group chaired by the Commissioner in charge of tax and composed of personal representatives of the Member States Finance Ministers as a forum for strategic and comprehensive discussion of tax policy issues;
  • Abolish double taxation of registration for cars


The report is available here. ITI will be monitoring closely any developments arising from the report.

 

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