Tag: Tax

  • Video

    Fabio De Masi: “Should US be included on blacklist?”.

    Fabio De Masi ask Michael Lennard in the PANA committee

    Fabio De Masi asks Michael Lennard from the United Nations: As we know for many developing countries, transfer pricing is a tough regime which they cannot successfully administer. Now that the EU is discussing country by country reporting and it wants to link it to a blacklist, should we put the US on ...

  • Fabio De Masi calling for tax justice in Bratislava

    A press release of Fabio De Masi

    The Vice Chair of the European Parliament's Committee of Inquiry on money laundering, tax avoidance and tax evasion (PANA), MEP Fabio De Masi (GUE/NGL), has been invited by the Slovak Council Presidency to address today's Interparliamentary Conference on stability, economic coordination and governance in the European Union at the National Council of the Slovak Republic in Bratislava with a key note speech on tax justice ...

  • PANA hearing: ICIJ journalists echo our demands

    The European Parliament's Committee of Inquiry into the Panama Papers (PANA) has held its first full hearing today with a number of ICIJ journalists. PANA vice-president Fabio De Masi (DIE LINKE.) comments after the exchange of views:

    "Today's hearing has provided ample evidence that the reaction to the Panama Papers scandal has been entirely insufficient so far. Even with the revised anti-money laundering directive as proposed by the European Commission, offshore money can still be kept under the veil of secrecy thanks to the nominee director loophole ...

  • Bahamas Leaks: 'Steely Neelie' must face tough sanctions

    A press release of Fabio De Masi

    GUE/NGL MEP Fabio De Masi, Vice-President of the European Parliament’s "Panama Papers" Committee of Inquiry into Money Laundering, Tax Evasion and Tax avoidance (PANA) commented on the Bahamas Leaks and the involvement of former EU Commissioner Neelie Kroes:   "The fish rots from the head. While ...

  • Press review: Bahama-Leaks

    A small press review

    ABC News, 22.09.2016 "[...] "The European Commission (EC) too often means European Corruption. It is this European Union of big business and ruthless theft of Brussels oligarchs which people disdain. The very same politicians that preach to our people to cut back on wages, pensions and public services join shady criminals in the trillion euro industry of tax dodging, money laundering and corruption," said left-wing German lawmaker, Fabio De Masi ...

  • EU tax haven list could name US

    EUObserver about the tax haven list of the European Union

    EUOberserver, 16.09.2016 "[...] Fabio De Masi, a German left-wing MEP who is vocal on tax avoidance and evasion issues, also feared that the list could fall prey to ”political capture”. ”It’s good if we can have Panama on the list,” De Masi said, ”but it’s pivotal that the US is included.” The US state of Delaware is a well-known "onshore" tax paradise ...
  • Video

    Speech: "What we need, is transparency!"

    Plenary speech in the european parliament

    Apple paid just 0.005 per cent tax on its profits in 2014 - that is €50 for every million euros earned. In his parliament speech, Fabio De Masi welcome the decision of the European Commission to reclaim 13 billion euros from Apple. Here you can hear his parliament speech:

  • Apple penalty masks deep-seated problems with EU tax avoidance measures

    A press release of Fabio De Masi

    The European Commission’s record fine over the Apple tax avoidance scandal in Ireland was debated by MEPs at the European Parliament today and although GUE/NGL MEPs welcomed the ruling, the current system remains unfit for purpose.   Irish MEP Matt Carthy (Sinn Féin), a member of the Committee ...

  • Press review: Tax haven Malta

    Fabio De Masi about the tax haven Malta

    Malta Today, 13.09.2016 "[...] The vice-chair of the European Parliament's Panama Papers committee, Fabio de Masi, was categorical in his description of Malta as a tax haven. “I do think that Malta plays a significant role in aggressive tax planning as Malta's imputation tax ‘fits nicely' with artificial interest or royalty payments ...
  • Video

    Cheque mate? EU's fight with US corporate giants

    Euranet-Video with Fabio De Masi

    Is Europe locked in a low-grade trade war with the United States? A series of decisions by EU Commissioner Margrethe Vestager, including a 13 billion euros fine of Apple for its Irish tax arrangements, have given this impression.

  • Apple must pay 13B Euro in Back Taxes

    A press review

    The European Commission’s decide that the Irish government provided Apple with illegal tax benefits of €13 billion. The concern has pay a tax of 0,0005%.  Common Dream, 30.08.2016 "[...] "The decision by the EU Commission against Apple is overdue. The EU should not give into American pressure just to spare U ...

  • Press review: Amazons tax strategy

    Bloomberg about Amazons tax strategy

    Bloomberg, 22.08.2016 "[...] The figures reported by Amazon are “absurd for anyone with a basic command of mathematics,” said Fabio de Masi, a German member of the European Parliament. Amazon defends its tax payments in Europe, asserting that regulators there are mistaking high revenue for high taxable profits ...

  • PANA committee: Time to act against organised crime

    A press release of Fabio De Masi

    The European Parliament’s committee of inquiry into the Panama Papers scandal (PANA) will hold its constitutive meeting today. It has been tasked to investigate alleged contraventions and maladministration of EU law in the fields of money laundering, tax evasion and tax avoidance (see mandate).   Vice-President of PANA, Fabio De Masi, comments:   “This investigation is not only about Panama, but about organised crime and even terrorist financing in our own backyard ...

  • Proposed AMLD revision fails to unlock secrecy behind letterbox companies

    A press release of Fabio De Masi

    In response to the Panama Papers scandal, the European Commission will today unveil another set of changes to the EU’s Anti-Money Laundering Directive (AMLD). This is in addition to new measures against tax evasion and tax avoidance which will also be announced on Tuesday afternoon. The AMLD’s fourth version had originally been adopted by co-legislators in 2014 and member states are currently in the process of transposing its provisions ...

  • GUE/NGL MEP slams LuxLeaks whistleblower verdict as shameful

    A court in Luxembourg has found former PricewaterhouseCoopers (PwC) employees Antoine Deltour and Raphaël Halet guilty of theft and breaches of confidentiality after leaking secretive tax documents that triggered the Luxembourg Leaks.    The two whistleblowers have been given 12 and nine-month suspended sentences respectively ...
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