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Séverine Picard

Fair corporate taxation

This policy brief describes the need for the sensible coordination of corporate income tax rules at international level, in particular in the context of digitalisation. In the same way that the manufacture of goods and services is fragmented along global value chains to reduce costs, corporate profits also transit through several countries in order... Find out more

Slavina Spasova, Denis Bouget, Bart Vanhercke

Sickness benefits in the EU: making sense of diversity

One of the hallmarks of the European Union (EU) Member States’ social protection systems, unlike that of other regions in the world, is the right to income protection in case of sickness. To differing extents, all EU countries provide three types of arrangements in case of sickness: a) sick leave; b) sick pay; and c) sickness benefits. Sick leave... Find out more

Jörg Bibow

Pushing the limits: the European Central Bank’s role in restoring sustainable growth

The European Central Bank (ECB) is a special, even unique central bank. It is a central bank without a treasury by its side or a state behind it, just as the euro, Europe’s common currency that the ECB is tasked with guarding, is a ‘denationalised’ currency. The euro area is a rare exception to the global ‘one state, one currency’ rule. But the ECB... Find out more

Nacho Álvarez, Georg Feigl, Nasos Koratzanis, ...

Towards a progressive EMU fiscal governance

Starting from the view that the crises in the euro zone were basically triggered by financial markets and reinforced by a lack of instruments for effective economic policy at the EMU level (Economic and Monetary Union), this working paper contributes to the ongoing debate on how to reform the Eurozone. The paper proposes a focus on general... Find out more

Stefan Clauwaert

The country-specific recommendations (CSRs) in the social field. An overview and comparison. Update including the CSRs 2019-2020

This is the ninth cycle under the European Semester system since its launch in 2011, but it is also the second set of CSRs launched since the proclamation of the European Pillar of Social Rights (EPSR) in November 2017. This year, a total of 96 of what could be called ‘package’ recommendations (as they often contain several sub-recommendations)... Find out more