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.
Published by: 
The Guardian
 
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In the run-up to the European parliament hearings with the commissioners-designate, Corporate Europe Observatory (CEO) shows how the candidates from Portugal, Latvia and the Czech Republic have serious questions to answer regarding possible conflicts of interest and their recent career or political backgrounds.

Corporate Europe Forum