Heute findet in Luxemburg die Berufungsverhandlung im Fall des LuxLeaks-Whistleblowers Antoine Deltour sowie der Mitangeklagten Raphael Halet und Edouard Perrin statt. Im Juni 2016 wurde Deltour zu einer einjährigen Bewährungsstrafe und 1500 € Geldstrafe verurteilt, Halet zu neun Monaten und 1000 €. Der Journalist Perrin wurde freigesprochen. Darauf ging die Luxemburger Staatsanwalt in Berufung. Dazu […]
Financial Assistance in Greece: Eurogroup reform proposal on collective bargaining is against EU law
This week sees a series of meetings between Greek government officials and representatives of the institutions as part of the second bailout review negotiations. These talks take place ahead of the Eurogroup meeting of 5 December, where discussions on an agreement on the restructuring of the Greek public debt will open. According to Greek sources, […]
Revelations on tax avoidance of football stars: serious foul play against common good
Today, the Spanish newspaper “El Confidencial” reports on leaked documents revealing tax avoidance practices by football stars like Cristiano Ronaldo. Although residing in Madrid, Ronaldo has been invoicing most of his advertising revenues through an Irish company. With this manoeuvre, he has benefitted from a significantly lower tax rate on his earnings. While Spain taxes […]
Tax havens: EU black list to be created in the dark
The EU’s economic and financial ministers have today agreed on key rules for blacklisting tax havens. The EU list shall only consist of countries outside of the EU and prepare EU sanctions against states with non-cooperative tax practices. MEP Sven Giegold, financial and economic policy spokesperson of the Greens/EFA group commented: “It is good […]
Letter to EBA on special treatment for Deutsche Bank in stress test exercise 2016
The Financial Times recently revealed that Deutsche Bank enjoyed an exception to the rules of the 2016 European Banking Authority (EBA) stress test published in July. According to the Financial Times, the inclusion of a $4bn sale of Hua Xia bank boosted Deutsche Bank’s core equity tier 1 (CET-1) ratio under the adverse scenario from […]
So geht Europa – Wettbewerbskommissarin Margrethe Vestager bleibt hart und erklärt Apples Steuerabsprachen mit Irland für unzulässig
Die EU-Kommissarin für Wettbewerbsfragen, Margrethe Vestager, hat heute (Dienstag) die Ergebnisse des Verfahrens gegen Irland wegen möglicher Verstöße gegen das EU-Wettbewerbsrecht vorgestellt. Dabei geht es um massive Steuervergünstigungen für Apple. Apple muss nun 13 Milliarden Euro an Steuern zurückzahlen. Der Konzern lässt einen erheblichen Teil seines weltweiten Geschäfts über Tochterunternehmen in Irland laufen. Dort beträgt […]