Tag: Panama

  • Video

    PANA meeting on tax evasion, money laundering and tax transparency chaired by Fabio De Masi

    Presentation of the studies “The Impact of Schemes revealed by the Panama Papers on the Economy and Finances of a Sample of Member States” and "Fighting tax crimes – Cooperation between Financial Intelligence Units. Ex-Post Impact Assessment."

    Presentation of the studies “The Impact of Schemes revealed by the Panama Papers on the Economy and Finances of a Sample of Member States” and "Fighting tax crimes – Cooperation between Financial Intelligence Units. Ex-Post Impact Assessment."

  • PANA Inquiry in London: The British tax haven empire

    A press release of Fabio De Masi

    The European Parliament’s Committee of Inquiry into Money Laundering, Tax Avoidance and Tax Evasion (PANA) is going today, 9 February, to the United Kingdom on its first of four fact finding missions. Further visits will take place in Malta, Luxembourg and the United States. Fabio De Masi (GUE/NGL), ...

  • 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 ...

  • 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 ...

  • Panama Papers Committee: Left Members nominated

    A press release of Fabio De Masi

    The European Parliament has adopted a robust mandate for an inquiry into the so called "Panama Papers" scandal. The GUE/NGL group, which has been pushing for this inquiry, as for the currently on-going investigation of the Luxembourg Leaks, has selected its MEPs for the committee.   GUE/NGL will nominate the full members Fabio De Masi as Vice-Chair, Patrick LeHyaric as coordinator and Miguel Urban Crespo as shadow rapporteur ...

  • Panama Papers & Tax Avoidance: Pressure on the rich and powerful

    A press release of Fabio De Masi

    The plenary of the European Parliament has today adopted a mandate for a committee of inquiry into the Panama Papers scandal. At the same time, MEPs voted on a bill containing a toolkit of measures to fight corporate tax avoidance which the European Commission had proposed in January 2016 based on the OECD BEPS (Base Erosion and Profit Shifting) Project ...

  • Panama Papers: offences will be reported

    A press release of Fabio De Masi

    "I welcome the decision to publish documents from the Panama Papers in an online data base. In fact, publishing everything - like Wikileaks has demanded - would be desirable. That would end different speculations about the documents. Those who did not do anything illegal can surely declare their intentions," ...