Register here! Dear friends, dear interested, a fair, social and green digital transition is high on the European agenda. In the just signed EU Recovery Plan, 20% of the total 672.5 Billion Euros are earmarked for fostering the digital transition. Social economy can play a major role here. Co-operative solutions can be more effective and […]
Auditor in the Wirecard case: Fatal incentive structures need reform
An investigation by the Handelsblatt shows that the auditors at EY no longer “believed in the innocence of the management” of Wirecard already in early 2019. Previously, incriminating material had been leaked to the audit firm by a whistleblower. Wirecard’s supervisory board also knew about the auditors’ concerns. But EY caved in: Only weeks later, […]
Brexit letter bears green signature: EU economics lawmakers call for improvements
Dear friends, dear interested, The draft Trade and Cooperation Agreement between the EU and the UK must not open the door to tax avoidance and money laundering. The Economic and Monetary Affairs Committee of the European Parliament has reiterated this demand in a joint letter supported by all pro-European political groups. Concretely, we demand that […]
Expert hearing on 23 February: ECON Committee discusses lessons from GameStop
Dear friends, dear interested, The wild rollercoaster ride of the GameStop share and other securities had financial markets hold their breath in recent weeks. Seemingly, retail investors were able to annoy the biggest financial players by joining forces and turning their own tricks against them. Admittedly, I found that kind of cool. But at the […]
OpenLux: Luxembourg’s reaction could not be more brazen
Following today’s revelations by Süddeutsche Zeitung, Le Monde, OCCRP and other media partners about tax avoidance practices in Luxembourg, the Luxembourg government has responded with a statement denying any harmfulness of its tax system. It published this statement on the website www.openlux.lu. In their investigation, journalists made the entire transparency register of beneficial owners of […]
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 […]