The financial regulation and supervision
Draghi Certain that Core Inflation Will Grow There are two pieces of news from the June meeting of the Governing Council of the European Central Bank. The first is that the bank took a step towards tightening monetary policy. The second is that serious changes will not occur until basic inflation remains a straight line. There is ...
Mario Draghi: Do Not Forget To Complete The Euro Area! The regular monetary dialogue in the economic committee of the European Parliament with the head of the European Central Bank, Mario Draghi, on November 28 practically marked the end of forecasting and predictability. There were more “we do not knows” and “it cannot b ...
Moscovici vs. Schäuble on the Tax Avoidance Package Right at the start of the presentation of the package on fighting tax avoidance by multinational companies European Commissioner for tax affairs Pierre Moscovici (France, Socialists and Democrats) forecasted that discussions on it will not be easy. During the debates in the European Pa ...
A Step Forward to Financial Transaction Tax Implementation Regardless of the slow pace and multiple differences and despite losing a member, the group backing the Financial Transaction Tax (FTT) made progress during the ministers of finances’ meeting on December 8th. The main features of the future legislation under an enhanced cooperation procedu ...
A Tax Revolution in the Making in EU Europe’s stiff-neckedness is difficult to cure. To come to an agreement for supranational treatment of a certain issue there needs to be a large cataclysm or at least a large scandal. In the case of taxation policy the problem begins to gain urgent and most importantly European status afte ...
The Second CCCTB Proposal Seems Also Headed for a Failure With an agreement in principle, but with a lot of worries and hesitations ended the second discussion in the Council of EU finance ministers on the revived European Commission proposal to introduce a Common Consolidated Corporate Tax Base (CCCTB). Last October, the Commission tried to ...
A Second Attempt at the Common Consolidated Corporate Tax Base The European Commission is making a second attempt at implementing a common consolidated corporate tax base (CCCTB) after the previous attempt in 2011 failed. Chances of success are not too big this time either, but the Commission relies on the new approach towards one of the most cont ...
The Tax Avoidance Battle: Nations vs. Multinationals At least this is the goal – member states safeguarding their social models by preventing trans-border operating multinational companies from avoiding “their fair share” of the tax burden. According to the European Commission, small and medium-sized enterprises in the EU pa ...
Failure or Success of the EP Committee on Lux Leaks One year after the breakout of the “Lux Leaks” scandal the term of the special European Parliament committee, created to investigate this and other cases, draws to an end, but there still is no unequivocal answer to the question whether its work has been successful. Accordi ...
LuxLeaks Has Revealed Another Clash between National vs EU The LuxLeaks scandal is a classical example of the growingly frequent clash between the level of integration of the European economy (and the global for that matter) and the national sovereignty. Greece was first to prove that four years ago when it put to the test the very survival of the euro ...
Adelina Marini Adelina Marini Adelina Marini 
