Vypočutia


Alleged financial crimes, tax evasion and tax avoidance in Malta

TAX3
Salvador de Madariaga (SDM) S1 - Strasbourg
Public hearing on “Alleged financial crimes, tax evasion and tax avoidance in Malta Public hearing on “Alleged financial crimes, tax evasion and tax avoidance in Malta
TAX3 Hearing of 11 February 2019 © Image used under the license from Shutterstock.com

Several money laundering cases have been published in the recent years affecting different EU Member States. Given that some Maltese political exposed persons have been mentioned in different money laundering cases, an exchange of letters took place between the TAX3 committee and Maltese authorities in order to better understand the government's role and actions taken the Maltese authorities.

The Maltese Minister of Justice Mr Bonnici will hold an exchange with TAX3 members to follow-up on the letter sent by the Committee on 7/12/2018. This exchange will be followed by a public hearing with Stephen Grey, journalist working on the Daphne project and Matthew Caruana Galizia, the son of Ms Caruana Galizia. Ms Caruana Galizia was an investigative journalist who was killed by a bomb in 2017 and her death remains a mystery.


Impact of tax evasion and money laundering on local real estate markets

TAX3
Paul Henri Spaak (PHS) 7C050 - Brussels
TAX3 Hearing on “Impact of tax evasion and money laundering on local real estate markets, in particular in European cities TAX3 Hearing on “Impact of tax evasion and money laundering on local real estate markets, in particular in European cities
TAX3 Hearing of 5 February 2019 © Image used under the license from Shutterstock.com

Accommodation is an important part of citizens spending that price increase in real estate impacts.

On 5 February 2019, the TAX3 committee will hold a public debate on the impact of tax evasion and money laundering on local real estate markets, in particular in European cities. Two panels composed of experts will address how money laundering through real estate impact price levels. Then discussion will address the possible way to fight against price increase in the real estate sector.


Public hearing on "Deutsche Bank"

TAX3
Altiero Spinelli (ASP) 1 G-3
TAX3 hearing on TAX3 hearing on
TAX3 hearing of 4 February 2019 © Image used under the license from Shutterstock.com

Deutsche Bank is one of the world systemic banks. In the recent years media have published different pieces of news on alleged money laundering and tax evasion activities involving Deutsche Bank. In order to shed some light to the different cases affecting the bank's public image a DB representative will describe the internal policy of this institution as well as the mechanisms in place to curb these activities.

In addition, the German Federal Financial Supervisory Authority will depict the system of banking supervision in Germany.


Money laundering cases involving Russian individuals and their effect on the EU

TAX3
Altiero Spinelli (ASP) 1G3, Brussels
Public hearing on “Money laundering cases involving Russian individuals and their effect on the EU” Public hearing on “Money laundering cases involving Russian individuals and their effect on the EU”
TAX3 Public hearing of 29 January 2019 © Image used under the license from Shutterstock.com

On 29th of January, from 14.30 to 17.30, the TAX3 committee will hold a public hearing on “Money laundering cases involving Russian individuals and their effect on the EU”. Two panels combining experts including among others Mr Bill Browder will shed light on the complex cases of money laundering recently discovered. These cases have affected banks and finance corporations across the EU and evidence shows linkages with organized crime, such as demonstrated in the murder of Mr Magnitsky.


The evaluation of the Tax Gap

TAX3
Altiero Spinelli (ASP) 1G-3, Brussels
Public hearing on the evaluation of the tax gap Public hearing on the evaluation of the tax gap
TAX3 Public hearing of 24 January 2019 © Image used under the license from Shutterstock.com

On 24th of January, from 10.30 to 12.00, the TAX3 committee will hold a public hearing on "The evaluation of the Tax Gap". The target of the hearing is to better understand the different methodologies to assess the amount of tax evasion and avoidance. The experts invited have published various and relevant articles and books aiming at better assessing the dimensions of this problem which would help policy makers to better tackle this issue.


Alleged financial crimes, tax evasion and tax avoidance in Slovakia

TAX3
Paul Henri Spaak (PHS) 4B001, Brussels
Public hearing on “Alleged financial crimes, tax evasion and tax avoidance in Slovakia” Public hearing on “Alleged financial crimes, tax evasion and tax avoidance in Slovakia”
TAX3 Public hearing of 24 January 2019 © Image used under the license from Shutterstock.com

On 24 January 2019, the TAX3 Committee will hold a hearing on “Alleged financial crimes, tax evasion and tax avoidance in Slovakia”. Investigative journalist Jan Kuciak and his partner Martina Kusnirova were shot dead in February in what was the first targeted killing of a reporter in the country's history. Mr Kuciak, who was 27 at the time of his murder, had been investigating alleged financial crimes and tax frauds.

The Committee has invited to this hearing the Slovak General Prosecutor's Office, the Financial Directorate of Slovakia, and an investigative journalist.


Public hearing on "Alleged aggressive tax planning schemes within the EU"

TAX3
Paul-Henri Spaak (PHS) 1A002
TAX3 public hearing on “Aggressive tax planning schemes within the European Union” on 27 November 2018 TAX3 public hearing on “Aggressive tax planning schemes within the European Union” on 27 November 2018
TAX3 public hearing with multinationals © Image used under the license from Shutterstock.com

Further to the hearing with multinational corporations held on 21 June 2018 at which McDonald’s and Nike Inc. participated, the TAX3 Committee decided to hold a second hearing on 27 November with the Kering Group, Google and Facebook.

The aim of this hearing is to assess the progress made by these multinationals in the implementation of the Profit-Shifting and Base Erosion (BEPS) project, and to hear their opinions on the EU initiatives on digital taxation which aim at making the digital economy contribute more fairly to national tax systems.


Cum-Ex scandal: financial crime and the loopholes in the current legal framework

TAX3 ECON
Paul-Henri Spaak (PHS) 3C050
Public hearing on “Cum Ex scandal: financial crime and the loopholes in the current legal framework” Public hearing on “Cum Ex scandal: financial crime and the loopholes in the current legal framework”
Joint ECON/TAX3 hearing on CumEX files revelations © Image used under the license from Shutterstock.com

On Monday 26 November 2018, from 19.00 to 20.30, TAX3 together with the ECON Committee will hold a public hearing on “Cum-Ex scandal: financial crime and the loopholes in the current legal framework”. The purpose of this hearing is to examine the recent revelation of the CumEx files, which has shown that over EUR 55 billion have been defrauded through various schemes.

This hearing will aim to examine the existing legal loopholes allowing to this situation as well as possible ways to improve administrative cooperation between Member States regarding tax matters.


Public hearing on “Combatting Money-Laundering in the EU Banking system”

TAX3
Paul-Henri Spaak (5B001)
Public hearing on “Combatting Money-Laundering in the EU Banking system” Public hearing on “Combatting Money-Laundering in the EU Banking system”
TAX3 Public hearing of 21 November 2018 © Image used under the license from Shutterstock.com

In light of the recent serious allegations of money laundering involving some EU financial institutions, particularly Danske Bank and ING Groep, the TAX3 Committee has decided to hold a hearing on money laundering in banks on 21 November 2018 with a view to improving the financial supervisory system. This hearing is the second one that held by the TAX3 Committee on this particular matter.

At the first one held on 26 April 2018, supervisory institutions and financial intelligence units of some Members States particularly vulnerable to money-laundering activities in banks (Malta, Estonia, Latvia) participated.

A first part of the hearing of 21 November will be devoted to discussing with Danske Bank, ING Groep, the Swedish Bankers' Association, a whistle blower and an expert, recent serious accusations of money-laundering and how to effectively implement effective anti-money laundering policies internally within banks. The second part of the hearing will consist of an exchange of views with the European Banking Authority and the Commission about seamless cooperation between anti-money laundering and prudential supervisors in the EU and the role of the EBA in anti-money laundering supervision of the financial sector.


Golden visas and other national schemes providing tax privileges

TAX3
József Antall (JAN) 6Q2
TAX3 public hearing on TAX3 public hearing on
TAX3 Public hearing of 15 October 2018 © Image used under the license from Shutterstock.com

On 15 October 2018, the TAX3 Committee will hold a public hearing on "Golden visas and other national schemes providing tax privileges (free ports, special economic zones)" consisting of two panels.

The first panel will be devoted to examining the possible money-laundering risks posed by the practice of golden visa programmes by which Member States award residence or citizenship, mainly to non-EU citizens, in exchange for investment. Representatives from the OECD and Global Witness will participate at this panel.

The second panel will cover the risks posed by freeports and special economic zones to the EU in the area of money laundering and tax evasion. An expert and a journalist specialised in money-laundering, tax evasion and tax avoidance will present their insights on the matter.
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