Drive to Reject MiFD

Socialists and Democrats in the European Parliament are leading the drive to reject the Markets in Financial Instruments Directive (MiFID) Quick Fix.On Thursday they voted against it in the European Parliament’s economic and monetary affairs committee.  The European Commission’s declared objective was to amend the MiFID regime to alleviate the impact of the Covid-19 crisis…

Vestager Appeals Court Decision on Apple’s Tax Bill

EU competition Commissioner Margrethe Vestager has decided to appeal the July EU General Court ruling annulling her 2016 decision ordering Ireland to recover €13 billion in state aid paid to Apple. Pedro Marques, S&D spokesperson on tax matters, commented: “We applaud Vestager for her willingness to push for more fairness in corporate taxation. We hope she…

Parliament Calls for Fairer Corporate Taxes

The European Court of Justice decided to cancel the payment of 13 billion Euros of “unlawful” state aid received by Apple. Following the decision, the Socialists and Democrats in the European Parliament have now called on member states to “take action in order to ensure fairer taxation.” Jonás Fernandez, S&D spokesman on taxation, said “The ruling issued…