The European Commission has presented its capital markets package. The package includes changes to the Markets in Financial Instruments Regulation (MiFIR), the rules for alternative investments such as hedge funds (AIFMD), the European Long-Term Investment Funds framework (ELTIF) and the creation of a single European data hub for company data (ESAP). The proposals are mainly…
The European Parliament has adopted a report on the Pandora Papers, in the wake of the revelations by the ICIJ and others into global tax avoidance, evasion and money laundering.The report was an initiative of the Greens/EFA Group. For the first time, this report sees the European Parliament condemns the role of the United States…
German MEP Sven Giegold has given his take on last week’s farewell visit by Chancellor Angela Merkel to France’s President Emmanuel Macron. The MEP, speaker of the German Greens in the European Parliament, commented, “Under Merkel, there was both stagnation and progress in the Franco-German tandem. A ray of hope for Franco-German cooperation was the initiative for…
Members of the European Parliament have voted on a report on the Pandora Papers, in the wake of the revelations by the ICIJ and others into global tax avoidance, evasion and money laundering. The report was an initiative of the Greens/EFA Group. For the first time, this report sees the European Parliament condemn the role…
New revelations, known as the Pandora Papers, were released by the International Consortium for Investigative Journalists (ICIJ) and partners which reveal apparent tax evasion and money laundering by the global elite. The investigations show that tax evasion and financial crime continue on a vast scale through letterbox companies and trusts. The revelations implicate Czech Prime…
On Tuesday, the decision on the new EU list of tax havens will be on the agenda of the meeting of the economy and finance ministers of the 27 EU member states. It has already become known that the list will be shortened: Anguila, the Seychelles and Dominica are to be removed from the list….
In last month’s General Election, the German Greens achieved their best result in a general election so far and became a strong third with 14.8% (2017: 8.9%) of the vote and 118 MPs (2017: 67). 7 German Greens MEP Sven Giegold said, “We even came first in 16 constituencies all over Germany, which we managed…
As of today, 6 September, a new report is available on how European banks allegedly book part of their profits in tax havens to avoid paying taxes: according to the report by the EU Tax Observatory. It says 20 billion euros, or 14 percent of the banks’ total profits, are booked in tax havens per…
German Greens MEP Sven Giegold has called on the EU to offer protection for locally employed civilians in Afghanistan. He said, “The Taliban’s takeover of Afghanistan has also put the local personnel of EU missions in the country at imminent risk. At least 600 local staff and their close family members of the EU Police…
The Commission has put forward a new proposal for a regulation on a EU green bond standard together with a communication on the Renewed Sustainable Finance Strategy. The Renewed Strategy builds on the Action Plan 2018 on Sustainable Finance and covers several areas, from continuing the work on Taxonomy, to climate and sustainability risks in…
