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The Financial Secretary to the Treasury (Mr David Gauke)
A meeting of the Economic and Financial Affairs Council will be held in Brussels on 25 May 2016. EU Finance Ministers are due to discuss the following items:
Anti-tax avoidance package
The presidency will seek a Council general approach on a compromise text relating to the anti-tax avoidance directive.
Current legislative proposals
The presidency will update the Council on the state of play of financial services dossiers.
State of play of the banking union
The Commission will give an update on several dossiers linked to the banking union: the single resolution fund, the bank recovery and resolution directive and the deposit guarantee scheme directive.
VAT action plan
The Council will exchange views and aim to agree draft Council conclusions relating to the Commission’s VAT action plan, published 7 April, and a European Court of Auditors special report.
European semester
Following preparation by the Economic and Financial Committee, the Council will adopt conclusions on the 2016 in-depth reviews of macroeconomic imbalances and the implementation of the 2015 country specific recommendations.
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