C 153/6
EN
Official Journal of the European Union
7.4.2022
(2) promote policies that tackle aggressive tax planning, tax evasion and tax avoidance to ensure fair and efficient tax systems.
Work to limit harmful tax competition including through the implementation of the global consensus-based solution to address the tax challenges arising from the digitalisation and globalisation of the economy.
Lower the tax wedge on labour and promote a shift from labour taxation towards taxes that are less distortive.
Transition from emergency to recovery measures in labour markets by ensuring effective active labour market policies: (i) supporting job transitions, in particular towards a green and digital economy; (ii) combining measures tackling skills shortages, strengthening upskilling and re-skilling, providing targeted hiring incentives; and (iii) enhancing the capacity of public employment services to address labour market mismatches.
Strengthen inclusive quality education and training systems.
Promote labour market integration of young people, women, and vulnerable groups, ensure adequate working conditions and address labour market segmentation, develop and adapt where needed social protection systems and strengthen access in order to address challenges emerging from the COVID-19 crisis and those related to the green and digital transitions.
Ensure the effective involvement of social partners in policy making, strengthen social dialogue and promote collective bargaining.
Ensure sharing of, and convergence towards, good practices in labour market and social policies that increase economic and social resilience.
(3) monitor the effectiveness of policy support packages for companies, focus on a more targeted support for the solvency of viable firms that have come under stress during the COVID-19 crisis, and make greater use of equity-type instruments.
Increase the capacity of insolvency frameworks to deal effectively and in a timely manner with bankruptcy and debt restructuring, maximise the preservation of value and promote an efficient allocation of capital in the real economy and cross-border investments.
Make swift progress in deepening the Capital Markets Union, on which the Commission has made legislative proposals with a focus on supporting the financing of the economy, enhance investment opportunities for firms and individuals, and remove unwarranted cross-border barriers to investments in the single market.
(4) continue to strengthen national institutional frameworks and pursue reforms to address bottlenecks to investment and reallocation of capital, and ensure the efficient and timely use of Union funds.
Reduce the administrative burden for firms and improve the business environment.
Strengthen the effectiveness and digitalisation of public administration.
Improve public financial management, including through green budgeting and by improving the effectiveness of public investment management frameworks, and make use of spending reviews to improve the composition and quality of public finances, in particular quality of public investments and investment in people and skills, and to better focus public expenditure on recovery and resilience needs.
(5) ensure macro-financial stability, and maintain the credit channels to the economy, continuing to address nonperforming loans through, amongst others, monitoring asset quality, timely and pro-active engagement with distressed debtors, in particular viable ones, and the further development of secondary markets for non-performing loans.
Continue to work on completing the Banking Union, by means of a step-wise and time-bound work plan on all outstanding elements needed and with the same level of ambition, and on strengthening the international role of the euro.
Continue to support exploratory work on the possible introduction of a digital euro.
Further steps in deepening the EMU should take into account the lessons learnt from the Union’s comprehensive economic policy response to the COVID-19 crisis.
Progress in deepening the EMU should be pursued in full respect of the Union’s internal market and in an open and transparent manner towards non-euro area Member States.
Done at Luxembourg, 5 April 2022.
For the Council The President B. LE MAIRE