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”: […]
Public Hearing in the European Parliament on Cum-Ex/Cum-Cum, 24 February, 13:45
Dear friends and all those who are interested, On Wednesday, 24 February, the Subcommittee on Tax in the European Parliament will hold an open hearing to investigate the European response to the Cum-Ex/Cum-Cum scandal, following a Green initiative for renewed parliamentary scrutiny of this vast tax scam. Between 2002 and 2012, tax authorities in Europe […]
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 […]
Tax havens: EU’s procrastination on Turkey is an invitation to evade taxes
The permanent representatives of the EU member states are expected to announce the updated EU list of tax havens tomorrow (17 February). Turkey will receive a further deferral until the end of June 2021 to implement measures for greater tax transparency. The country has long been criticised for not implementing the automatic exchange of tax-related […]
Invitation: Social Economy Intergroup Public Hearing & Webinar on Skills & Digitalisation – Thursday, 18/2/2021 11 am CET
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 […]