Today, 16 September, the European Parliament voted on a report that assesses the implementation of EU rules regarding the exchange of tax information between Member States. It is the first implementation report the European Parliament has ever put forward in the area of economic and monetary policy. The European “Directive on Administrative Cooperation in the […]
Tax avoidance by big banks continues unabated: Europe’s biggest banks book 20 billion in profits annually in tax havens
As of today, 6 September, a new report is available on how European banks book part of their profits in tax havens to avoid paying taxes: according to the report by the EU Tax Observatory, 20 billion euros, or 14 percent of the banks’ total profits, are booked in tax havens per year. These figures […]
EU Budget 2022: Finance Committee calls for parts of budget for European Commission, Eurostat and IASB to be put in reserve
Today, 1 September, the Economic and Monetary Affairs Committee gave its opinion on the Commission’s draft EU budget for 2022. A vote was held on both a decision text and budgetary amendments. Crucially, the committee has the possibility to exert pressure by allocating or withdrawing funds in order to correct deficiencies or to strengthen or […]