Dear friends, dear interested, The European Securities and Markets Authority (ESMA) is celebrating its birthday. 10 years have passed since its establishment on 1 January 2011. Time to take stock. On the occasion of its anniversary, ESMA is organising a public online conference on 23 March 2021. At the conference, I will join a high-profile […]
Crooked dealings: Market abuse in connection with Cum-Ex and co. must be rigorously prosecuted
Dear friends, dear interested, Billions of euros have been looted from public coffers through Cum-Ex and co. These tax fraud schemes all involve crooked dealings on the financial markets. To obtain refunds for unpaid dividend taxes, the fraudsters have to trade in shares and derivatives on a grand scale. All these transactions have no other […]
EU Environment Committee votes for cleaner air: We call for tougher limits and faster infringement procedures
The EU Environment Committee today (Thursday) adopted a strong report on the implementation of EU air quality legislation. A progressive majority of Socialists, Liberals, Greens and the Left (43 votes in favor, 33 against, 3 abstentions) adopted ambitious demands for clean air. This pleasing result was negotiated by the Socialist rapporteur Javi López from Spain […]
Greensill Bank: Deposit insurance must be rigorously linked to risk
Media reports in recent days suggest that Bremen-based Greensill Bank AG could be in acute distress. The bank is a subsidiary of the British-Australian group Greensill Capital, which specialises in supply chain finance. The group had to file for bankruptcy protection in Australia this week after Crédit Suisse and Swiss asset manager GAM stopped important […]
1906 signatures to Ursula von der Leyen: Our letter on treaty violations in EU environmental law hits a nerve!
Dear friends, dear interested, Thank you very much for signing. 1906 people have signed my letter to Ursula von der Leyen with you! Today we sent the letter with your signature to EU Commission President Ursula von der Leyen. With this large number of signatures, we are sending a strong signal for the consistent enforcement […]
New study: Bayer AG promotes disastrous tax competition in Germany and Europe
Today (1 March), the Greens/EFA Group in the European Parliament publishes a study on unfair tax competition. Using the example of the German Bayer AG, the study examines how large corporations save taxes by actively using and even promoting tax competition between municipalities and states within Europe. Previously, our group had already investigated BASF, IKEA, […]