Corporate Europe Observatory

Exposing the power of corporate lobbying in the EU

Peers reject "flawed" EU transaction tax

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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
 
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.
Has the issue of tax avoidance ever been as important as in the current era of (Commission-backed) austerity? Public budgets continue to be slashed for want of public money, yet the news is filled with corporations avoiding taxes at the same time as their profits are at a record high. So it should be of serious concern to Europe's 500 million citizens that the European Commission has invited to its new advisory group on taxation the very same organisations involved in avoiding it, as well as their tax advisors.
Potential conflicts of interest continue to plague the European Parliament one year after elections, finds new research released today.
Sign the petition to ‪cancel Greek debt‬
An often asked question is whether TTIP will weaken Europe's rules over genetically modified organisms (GMOs). Meanwhile, the biotech industry is pushing for the products of the 'next generation' biotech crops to escape the EU's legislation on GMOs and therefore to go unregulated. Is there a link between this new push, and TTIP? Emails obtained via a Freedom of Information request show this might indeed be the case.
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.
Corporate Europe Forum