European Union

Today, EU finance ministers agreed on the reform of the mandate of the Code of Conduct Group, the body within the Council of the EU that assesses harmful tax regimes and is responsible for the EU tax haven list. This reform updated the definition of harmful tax regimes in EU countries. No progress was made on updating the criteria for the EU tax haven list.  

Across Europe and the world, people are facing rising energy bills and inflation driven by the Ukraine war and the aftermath of the pandemic. Meanwhile, big business in every sector, not just energy, are raking in extremely high and excessive profits.

Today, the President of the European Commission, Ursula von der Leyen, proposed the introduction of a cap on revenues of companies producing electricity with low costs and a solidarity contribution from fossil fuel companies. The revenues from these unexpected profits will be directed to people and businesses to help them adapt to the recent increase in energy prices as well as to invest in clean home-grown energy sources.

Today, the European Parliament voted through a non-binding report on the European Commission’s proposal to implement the deal on a global minimum tax at the EU level. EU Finance Ministers are expected to vote on a final agreement next Tuesday, 24 May. 

Today, the European Commission released their Fit for 55 legislative package. This bundle aims to revise the EU’s current 2030 climate and energy rules. The package will implement the goal of reducing average EU carbon emissions by 55% in 2030. In response to the package, Evelien van Roemburg, Oxfam EU Head of Office said: “We are at a tipping point in the fight against the climate crisis. The EU has the opportunity to keep us from tipping over the edge by capping the rampant increase in global temperatures to 1.5° Celsius."

The European Parliament voted on its EU budget for aid and foreign policy (NDICI). In response to the vote, Evelien van Roemburg, Oxfam EU Head of Office said: "This new financial instrument stands a real chance at combatting poverty and inequality which has leapt during the pandemic."

On June 27, African and European agriculture ministers will gather in Rome for the 6th AU-EU Agriculture Ministerial Conference. This comes against a backdrop of a worsening climate crisis, soaring inequalities, and rising hunger. Nearly one in five people in Africa - close to 300 million - now face food insecurity. The stakes could not be higher. The decisions made in Rome could lay the foundations for food systems that are just, sustainable and deeply rooted in communities. A far cry from the current emphasis on an industrial, export-led agricultural system dominated by large corporations.

Today, EU Foreign Policy Chief, Kaja Kallas, presented a review of the EU-Israel Association Agreement at the meeting of EU Foreign Affairs Ministers. In response, Agnes Bertrand Sanz, Oxfam Humanitarian Expert, said:   “There are moments in history where delay and distraction are not neutral, it is a decision. While EU ministers continue to debate and defer, entire families in Gaza are being buried under rubble and people are being killed while trying to get food.  

Ahead of the EU foreign affairs ministers' meeting to discuss the EU-Israel Association Agreement, Agnes Bertrand Sanz, Oxfam Humanitarian Expert, said: “The cost of inaction is measured in lives. Oxfam and partners see firsthand the unspeakable toll in Gaza: homes flattened, hospitals destroyed and looming famine. No one should live in this constant fear, not knowing if today will be the day they die. There is no time for more debate and no room for passing the buck. It is time for leadership and decisive action. Europe must ask itself: does it want to be complicit in these atrocities?” 

As you prepare to meet in Luxembourg on 20 June, we urge you to consider a matter of growing importance: the urgent need to establish new, fair, and sustainable resources for the European Union.