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 […]
Success at the GameStop hearing: European authorities will take a closer look at neo-brokers’ business models
Dear friends, dear interested, This is good news for all retail investors: Yesterday, on 24 February, Steven Maijoor, the chairman of the European securities supervisor ESMA, promised me that his authority will take a closer look at the business models of the so-called neo-brokers. Ugo Bassi, responsible director at the European Commission, also announced an […]
Statement by Prof. Christoph Spengel at the Public Hearing on the Cum-Ex/Cum-Cum Scandal
Hearing of the Subcommittee on Tax Matters of the European Parliament on the Cum-Ex/Cum-Cum Scandal 24 February 2021 Statement by Prof. Dr. Christoph Spengel Sincere Members of the European Parliament, I am very honored for being invited the second time to present my findings on what I call “the biggest tax robbery in European history”: […]
Despite ECB cap: Bonus payments by Deutsche Bank still too high
Bloomberg and the Financial Times report that Deutsche Bank’s bonus plans for 2020 had been downsized by the ECB, citing internal sources. Before, it had been expected that bonus payments at Germany’s largest lender could rise compared to the previous year. For 2019, Deutsche Bank had paid out around 1.5 billion euros to employees, despite […]
Anti-Money Laundering Directive: infringement proceedings against Germany are justified
The EU Commission has initiated the first stage of infringement proceedings against Germany regarding the implementation of the 4th Anti-Money Laundering Directive. At the same time, proceedings were initiated against Romania and Portugal. So far, Germany has not implemented the directive properly. The transposition deadline expired on 27 June 2017. Other rules of the Anti-Money […]
New revelations on Luxembourg: Governments must put a stop to tax tricks
International research by Süddeutsche Zeitung, Le Monde, OCCRP and other media partners reveals with new data that Luxembourg remains a thriving tax haven – even after the LuxLeaks scandal. For the first time, they have made the entire beneficial ownership transparency register for companies and investment funds in Luxembourg completely searchable. More than 250 billionaires […]