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, […]
An earthquake moment in the tax world: breakthrough for tax justice in Europe!
Dear friends, Today is truly a great day. For greater tax transparency, for our democracy and also for me personally. Because just now (Thursday, 25.02) the Ministers for Economic, Industrial and Research Policy in the EU have made a groundbreaking decision in the fight against tax avoidance of multinational companies. With a clear qualified majority, […]
An earthquake moment in the tax world: breakthrough for tax justice in Europe!
At the meeting of the Ministers for Economic, Industrial and Research Policy (COMPET) this afternoon (Thursday, 25 February), a landmark decision was taken in the fight against tax avoidance. With a broad and qualified majority, the COMPET adopted a proposal for public country-by-country reporting, despite a continued blockade by several Member States. The proposal of […]
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 […]