Finance

Epizentrum, CC BY-SA 3.0

EU fails to regulate the shadow banking sector

Money Market Funds

The European Parliament has adopted the draft European regulation on money market funds, as agreed in the inter-institutional negotiations. The Greens/EFA group voted against the proposal, citing inadequate supervision of these funds, which operate as shadow banks.

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Budget © nobiggie

No additional funds despite fresh commitments and ongoing crises

EU budget: MFF revision

The European Parliament has approved the Midterm revision of the Multiannual Financial Framework 2014-2020. The revision is a poor deal for the parliament, says Greens/EFA member of the European Parliament’s Budget committee Indrek Tarand.

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Panama Papers

One year on, Member States need to stop blocking tax reforms

Today marks the one year anniversary of the publication of the Panama Papers by the International Consortium of Investigative Journalists (ICIJ). It is time for EU Member States to stop blocking progress on tackling tax evasion and money laundering

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Revised legislation will improve long-term performance

Shareholder Rights Directive

The European Parliament has given its approval to the revised directive on shareholders' rights. This will strengthen both the long-term commitment of shareholders in listed companies and the link between directors' pay and long-term performance.

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Mohamed Yahya | CC-BY-SA-2.0

Panama Papers investigation

Has Société Générale told us the truth?

Almost one year after the Panama Papers scandal, the European Parliament committee (PANA committee) set up to investigate this matter is still looking into the issue and one of the key focuses of our work within the committee is the role of middlemen.

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European Parliament votes to protect whistleblowers

Citizens across Europe should be able to speak up about crimes

The European Parliament has voted in favour of a report on the protection of whistleblowers.

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TAAKS AVOID: A PRODUCT NO LONGER AVAILABLE?

How to hide tax money if you know the right tricks

A year ago, the Greens presented the latest IKEA product: Taaks Avoid, an easy-to-assemble item of furniture providing the opportunity to hide tax money if you know the right tricks.

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©Jainav 46

New regulation will help protect public interest in the financial sector

Economy committee backs report from Green MEP

The European Parliament’s Economy committee has backed a report from Greens/EFA rapporteur Philippe Lamberts. It will ensure greater financial stability for Finance Watch and Better Finance, who represent the public interest in financial regulation.

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Tax evasion

New report looks at the role of the middle-men

The Greens/EFA group in the European Parliament has published a report looking at the role of intermediaries (banks, accountants, lawyers) in tax evasion. The report draws on information from a database created by the International Consortium of Investigative Journalists using data from the Panama Papers, Bahamas Leaks and Offshore Leaks.

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Black silhouettes lobby business © nico_blue

Who are the middlemen helping to dodge tax or launder dirty money?

New report from the Tax Justice Campaign

Nine months ago, the biggest leak and international tax dodging scandal to date was revealed to the public by the International Consortium of Investigative Journalists. Greens have used the public data from the ICIJ to find out more about the intermediaries between wealthy clients and corporate service providers like Mossack Fonseca,

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Money laundering

European Parliament sends Commission back to the drawing board on money-laundering blacklist

The European Parliament today rejected a delegated act on third countries at high-risk of money laundering, and has urged the Commission to make a new assessment on which countries should be included on the blacklist.

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Greece

Financial assistance must not be at the cost of labour rights

The European Parliament will today debate the labour market reforms and labour relations in Greece. The European Commission, the European Central Bank and the International Monetary Fund (IMF) are pushing to make financial assistance conditional on the liberalisation of labour laws, despite the fact...

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