This week, the EU Commission is finalising the first delegated act to shape the rules for Sustainable Finance. These “taxonomy rules” will determine which financial products and investments can be labelled as green and sustainable and which cannot. Recently, plans by the Commission to significantly soften the original science-based proposals under pressure from member states […]
Global minimum tax: Scholz and Le Maire should support a tax rate of 21 percent
Today, the G20 finance ministers are discussing a global minimum tax on corporate profits. On Monday, US Treasury Secretary Yellen had proposed a tax rate of 21 percent. Olaf Scholz left it open in his reaction yesterday whether he supports a tax rate at this level. Sven Giegold, financial and economic policy spokesperson of the […]
Yellen speech: Seize the opportunity for an end to fiscal dumping!
Commenting on US Treasury Secretary Yellen’s speech on a global minimum tax rate on corporate profits, Sven Giegold, finance spokesperson of the Greens/EFA group in the European Parliament, said: “This speech by Treasury Secretary Yellen is music to my ears. Now is a historic opportunity to end global tax dumping! She has reached out her […]
Greens call on the European Commission to not put the credibility of the Sustainable Finance rules at risk
Yesterday, 24 March 2021, Bas Eickhout, co-rapporteur of the Taxonomy Regulation and Sven Giegold, financial and economic policy spokesperson of the Greens/EFA group have sent a letter to European Commission President Ursula von der Leyen, Vice-President Valdis Dombrovskis, Vice-President Frans Timmermanns and Finance Commissioner Mairead McGuinness. They call on the Commission to refrain from any […]
Daphne Caruana Galizia: European Parliament to debate the rule of law in Malta
Dear friends and all those who are interested, This Thursday (25/3/2021) the European Parliament will discuss the rule of law in Malta and recent developments in the investigation of the assassination of Daphne Caruana Galizia. The Commission is expected to give a statement on the matter. Reason for the last-minute addition to the plenary agenda […]
200+ finance professionals call for credible rules in an open letter to the EU Commission
The EU Commission is currently finalising the delegated acts that shape the rules for Sustainable Finance. The so-called taxonomy will determine which financial products and investments can be labelled as green and sustainable and which cannot. The European Parliament and the EU member states had negotiated for a long time and found a good compromise […]