Tag Archives: european

Portugal continues to block assessment of multinationals in the EU

16 Monday Dec 2019

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The directive on sharing tax information of multinational corporations has been stalled for the last two years in the European Council. Portugal forms part of a group of member states holding up passage of this EU ruling. The stance contradicts what the government defends in its political programme. The position also contradicts the voting record of Portuguese socialist representatives.

European Financial Police

13 Wednesday Mar 2019

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A special committee of the European Parliament urges the creation of a European Police Force and a European Regulator dedicated to money laundering. The proposals of the Special Committee on Financial Crimes and Tax Evasion (TAX3) form part of a report with various recommendations, including the abolition of “Golden Visas”.

EU rejects “flawed” blacklist

09 Saturday Mar 2019

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European Union member states unanimously rejected a proposal to include Saudi Arabia and four US territories among countries blacklisted for lax controls on terrorism financing and money laundering. As reported by Reuters, member states criticised the European Commission’s methodology, claiming that the listing used criteria different from the Financial Action Task Force (FATF), considered to be the global standard for anti-money laundering.

EU unveils plans for pan-European personal pensions

08 Saturday Jul 2017

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The European Commission is developing a pan-European Pension Product (PEPP): a simple and cost-effective retirement plan which will be portable across EU member states. The PEPP will be designed to give hundreds of millions of savers throughout the EU more choice where currently options are often few and far between. It will also create new growth opportunities for pension providers to take advantage of a European single market for personal pensions estimated to grow to 2.1 trillion Euros over the next decade, as reported recently in the Financial Times.