ESMA Report on Wirecard Scandal

The European Securities Markets Authority (ESMA) has presented its long-awaited report on the role of the German financial supervisor BaFin and the German Financial Reporting Enforcement Panel (FREP) in the Wirecard accounting scandal.  In Germany, BaFin and FREP are jointly responsible for the enforcement of financial reporting. ESMA publishes guidelines aimed at harmonising enforcement throughout…

Call for Tax Transparency

German Greens MEP Sven Giegold has written an pen letter to the EU residency called for an end to the “German blockade of tax transparency.” The letter, seen by this website, reads, “We can no longer afford tax dumping in the interest of large companies in Europe. Public funds are and will remain heavily strained…