Economy

A comprehensive economic and social transformation that enables our societies to deliver prosperity, and well-being, within the physical limits of our planet.

Tax avoidance

Troika Laundromat leak

Quotes from Judith Sargentini and Molly Scott Cato

The OCCRP have just released their investigation the "Troika Laundromat", exposing how 4.6 billion USD from Russia and elsewhere was channelled through European banks and businesses, in what appears to be efforts to obscure the origin of the funds involved.


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Images_of_Money | CC BY 2.0

Member States hostile to EU anti-money laundering blacklist

Quote from Judith Sargentini MEP

Judith Sargentini, Greens/EFA rapporteur on the Anti-Money Laundering Directive, comments.


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© Andrey Prokhorov

European Semester Winter Package

Quote from Sven Giegold MEP

The European Commission's has just published its European Semester 'winter package', which upgrades Greece's macroeconomic inequalities to "excessive", but leaves Germany with its previous assessment.


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Tax avoidance

European Parliament united on urgent need for stronger tax policies, demands that Member States stop blocking tax reforms

Tax justice

The European Parliament special committee on taxation (TAX 3) just voted on its final report, which calls for EU Member States to match the ambition of the European Parliament on tackling tax evasion, avoidance and money laundering.


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© European Union 2015 - Source EP

Greens/EFA Debriefing

Plenary week, 11-15 February 2019

Greens/EFA priorities for the plenary week included the EU-Singapore trade agreement, the protection of animals during transportation, the EU-Morocco fisheries agreement, the debate on the Future of Europe with the Italian Prime Minister, the final trilogues on copyright and on the gas directive, ...


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New EU blacklist successful tool to combat money laundering

Anti-Money Laundering

The European Commission has unveiled its 'blacklist' of 23 jurisdictions where there is a significant risk of money laundering. The list contains 'third country' jurisdictions and includes places such as the Bahamas, the US Virgin Islands, Panama and Saudi Arabia. The list will require all traders in the EU doing business in goods or services worth more than €10,000 in jurisdictions on the blacklist to undertake enhanced due diligence on transactions. The blacklist comes as a result of the EU's Anti-Money Laundering Directive, which is currently being ratified by Member States, and will see the Commission undertake enhanced assessments of the jurisdictions on the list.


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Money laundering and affordable housing - what’s the link?

Impact of money laundering on housing prices across the EU

Tax evasion and money laundering through real estate can contribute to the increase of rental and housing prices in your city. We Greens/EFA are fighting hard in the European Parliament against money laundering - not least, because everyone in Europe should have the right to affordable housing!


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Transparency International Corruption Index

Quote from Benedek Jávor MEP

Transparency International released their annual Corruption Perceptions Index, which showed that among others Hungary has slid in score considerably over the five years. Malta, Romania and Bulgaria have all slipped significantly in TI's rankings in the last year.


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Jigsaw and money © alexsl

Vast differences in corporate tax rates across EU shows urgent need for transparency – new report

Tax

Today, a new report by the Greens/EFA group in the European Parliament shows the privileges given to multinationals through low corporate tax rates across Europe. The report 'Effective Tax Rates of Multinational Enterprises in the EU' quantifies the difference between nominal and effective tax rates for multinationals in the EU. Effective tax rates in the European Union (15% on average) are well below nominal tax rates (23%). Multinationals may have an effective tax rate as low as 2% and as high as 30% across the EU.


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© luke-stackpoole-unsplash

Brexit and the future of tax havens

22.01.2019

The conference will address the UK’s role in financial secrecy services and the tools that the EU should mobilise to prevent the UK from evolving towards a tax haven on the EU’s doorstep. It will also assess the tax reforms that have been adopted in recent years at EU level and make recommendations to address the remaining loopholes in order to combat tax havens.


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Werbefabrik/Pixabay

Effective tax rates for multinational companies in the EU

A report commissioned by the Greens/EFA

A new research commissioned by the Greens/EFA Group in the European Parliament shows that many companies do not pay much tax in many EU countries – in absolute values or in comparison to nominal rates or to some other countries.


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© European Union 2015 - Source EP

Greens/EFA Debriefing

Plenary week, 14-17 January 2019

GREENS/EFA priorities for the plenary week included the special committee on pesticides, glyphosate, gender equality and taxation policies, Brexit, the Romanian presidency, nuclear decommissioning, rights and values, …


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