Corporate Europe Observatory

Exposing the power of corporate lobbying in the EU

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Peers reject "flawed" EU transaction tax

LONDON (Reuters) - Britain must veto European Union plans to tax financial transactions as they are flawed and would likely prompt banks to relocate, a House of Lords' report said on Friday.
[...]
A report from Corporate Europe Observatory (CEO) released on Thursday said the financial industry had been successful in mounting a "full scale scaremongering lobby" against the tax.
"With the proposals now to be decided by the EU Council, which requires unanimity on taxation issues, Europe's financial transaction tax looks destined for the dustbin," said CEO, which tracks EU-focused lobbying.
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The Guardian
 

The corporate lobby tour

Law firms and their stake in TTIP
Which businesses are pushing most for the proposed EU-US trade deal TTIP? Who’s influencing EU negotiators? Corporate Europe Observatory’s new info-graphics reveal the corporate lobby behind the TTIP talks.
Following the publication of the Carte Blance for Fracking report earlier this year, CEO and Friends of the Earth Europe have submitted a complaint to the European Ombudsman about the industry dominated advisory group convened by the Commission to get fracking introduced through the back door.
Four months before world governments meet in Paris to negotiate the deal they claim will “save the climate”, 1500 protestors took matters into their own hands by entering an opencast lignite mine owned by energy provider RWE in western Germany.
The stubborn and aggressive imposition of privatisation by Troika goes against the will of Greek citizens and represents a direct attack on democracy.
Publicly, business lobby groups are heavily pushing the idea that TTIP will benefit small and medium-sized enterprises (SMEs). But behind closed doors they admit the reality: that small companies will “face increased competition” and that “benefits remain hypothetical”.

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