World
MEPs accuse EU Commissioner of attempting to limit tax transparency
Members of the European Parliament (MEPs) grilled EU Finance Commissioner Mairead McGuinness on Thursday after they claimed a document sent by the bloc’s executive urges EU countries to weaken their tax transparency requirements.
McGuinness assured that the document, which provides EU capitals with technical guidelines on the so-called public country-by-country reporting Directive, aims to stop multinationals from benefiting from legal loopholes and in no way curbs member states’ ambition in clamping down on tax evasion.
But some MEPs believe the document is a covert attempt at limiting tax transparency.
“The guidance provided in the letter isn’t technical guidance. This guidance has political influence, and this constitutes a transgression,” said Evelyn Regner, Vice-President of the European Parliament for the Socialists and Democrats.
“The guidance clearly overshoots the mandate of the European Commission, and behind our back, the co-legislators,” she added.
Manon Aubry, an MEP for The Left said that “in the greatest secrecy, the Commission sends a note to member states asking them to apply minimum transparency rules. Who has given you this mandate?”
Two MEPs from the right-leaning EPP group came out in McGuinness’ support, defending the document as necessary to avoid legal fragmentation and warning against over-burdening corporates with transparency rules.
“It’s naive to think that if you make tax information public that then you collect more tax,” said German MEP Markus Ferber said.
“We need to strengthen cooperation between tax authorities. That’s what counts because they’re the ones that determine the tax burden and ensure companies are paying their fair share,” he added.
The tax transparency Directive entered into force in 2021 as part of the EU’s response to the 2016 Panama Papers scandal, which exposed how the super-rich benefited from secretive offshore tax regimes.
McGuinness, who voted for the Directive in 2021 when she was an MEP, said that the Commission’s intervention tackles the practice of ‘gold plating’, where governments add extra requirements and burdens when applying EU law, creating fragmentation between member states and negatively impacting the single market.
She also stated that gold plating could increase the risks of multinationals circumventing rules and structuring their business activities to take advantage of regulatory gaps.
“I also want to emphasise that informing member states of the drawbacks of gold plating does not mean prohibiting anything. Ultimately, member states can add reporting obligations as they see fit,” she said.
A group of MEPs responsible for drafting the Parliament’s report on the tax transparency Directive in 2021 addressed a letter to the Commission Wednesday asking for clarity on the intervention.
McGuinness committed to providing a written reply to their questions.
The 2021 Directive requires big companies with revenues of more than €750 million to publicly disclose where they are paying tax, and includes a clause encouraging governments to introduce measures beyond the EU requirements.
But opponents say the law does not go far enough, as companies would only have to declare the taxes they pay in EU countries and in 16 countries on the so-called ‘black’ and ‘grey’ list of fiscal havens.
Only ten member states have transposed the bill into domestic law. The deadline for doing so passing was 22 June 2023.
Interference in tax transparency rules recently came into the global spotlight globally when an allegation emerged against the OECD for lobbying the Australian government to water down its tax transparency rules.
World
In Homs, Smiles and Tears Amid a Ravaged Landscape After al-Assad’s Fall
The ancient city, an early stronghold of opposition to Bashar al-Assad’s oppressive regime, was ravaged by a government crackdown. New York Times correspondents in Homs spoke to people who were reacting to his fall with smiles and tears.
World
Pentagon says the number of US troops in Syria is much higher than previously reported
The Pentagon says there are 2,000 U.S. troops deployed in Syria, more than double what officials with the Department of Defense have been telling reporters for months.
“We have been briefing you regularly that there are approximately 900 U.S. troops deployed to Syria,” Pentagon Press Secretary Brig. Gen. Ryder told reporters during a press briefing on Thursday. “In light of the situation in Syria, and in significant interest, we’ve recently learned that those numbers were higher.”
Ryder asked to look into the numbers and said he learned on Thursday that there are about 2,000 U.S. troops in Syria.
“It was explained to me these additional forces are considered temporary rotational forces that deploy to meet shifting mission requirements, whereas the core 900 deployers are on longer term deployments,” he continued. “As you know, for many of our deployments, numbers will fluctuate from time to time, but given that this number is significantly higher than what we’ve been briefing, I wanted to let you know, as soon as I found out this information.”
TOP US ALLY, SDF COMMANDER IN SYRIA WARNS OF ISIS RETURN IF TURKISH AIRSTRIKES DON’T STOP
The lead spokesman said there are diplomatic and operational security considerations with deployments and the numbers of troops associated with those deployments, as was the case with Syria.
Ryder noted that the troops were in Syria before the fall of Syrian President Bashar al-Assad – who fled to Russia earlier this month and ended a nearly 14-year struggle to maintain power in his country – and help augment the defeat of ISIS mission.
After learning of the fluctuation in number of troops, Fox News’ Pentagon correspondent Jennifer Griffin pressed Ryder about the correction to the number of troops and timing.
US GROUP LOOKS FOR KIDNAPPED AMERICANS IN SYRIA AFTER FALL OF ASSAD REGIME
“This is more than double the number of troops that we’ve been told for quite some time. So, are we talking about this has been going on for months? For Years?” Griffin asked. “Is this something that just happened this summer? We need a time frame.”
“Yeah, I think it would probably be fair to say at a minimum, months,” Ryder said. “I’ll go back and look. But it’s…yeah, it’s been going on for a while.”
The news of additional troops in Syria comes as interest in the region is exceptionally high, especially after the fall of Assad.
ISRAEL’S UN AMBASSADOR INSISTS NATION IS ‘NOT GETTING INVOLVED’ IN SYRIAN REGIME CHANGE
Attacks by the Turkish military on Syrian Democratic Forces (SDF) have increased since the Syrian president fled to Russia on Dec. 8. In an interview with Fox News this month, Gen. Mazloum Abdi, the commander of the SDF, warned that if his Kurdish fighters have to flee, ISIS would return.
He also said half of his fighters guarding the ISIS camps had to withdraw.
“All of the prisons still are under our control. However, the prisons and camps are in a critical situation because who is guarding them? They are leaving and having to protect their families,” Gen. Mazloum said. “I can give you one example like the Raqqa ISIS prison, which contains about 1,000 ISIS ex-fighters. The number of guards there have diminished by half which is putting them in a fragile position.”
Fox News previously reported that the U.S. had 900 troops in Eastern Syria, but now that number is about 2,000, and they would likely have to withdraw if the allied Kurdish fighters retreat under attack from Turkey’s military, which views the Kurds as a terrorist threat.
World
EU countries inspect Chinese vessel after data cables damaged
The Yi Peng 3 has been anchored in the Kattegat Sea for a month while diplomats in Stockholm and Beijing discussed access to the vessel.
Representatives from Germany, Finland and Denmark have boarded a Chinese cargo ship believed to be connected to the rupture of two data cables on the Baltic Sea bed in November.
Swedish police and Chinese officials were also part of the inspection of the Yi Peng 3 vessel which is anchored in international waters between Sweden and Denmark.
Denmark’s Foreign Minister Lars Løkke Rasmussen said the visit was supposed to take place on Wednesday but was called off due to bad weather.
“It is our expectation that when the inspection is completed by this group of people from the four countries, the ship will be able to sail to its destination,” he told reporters.
The Yi Peng 3 has been anchored in the Kattegat Sea for a month while diplomats in Stockholm and Beijing discussed access to the vessel.
Sweden had formally asked China in November to cooperate with the investigation into how the undersea data cables were damaged after the China-flagged vessel was seen in the area.
Prime Minister Ulf Kristersson said at the time that it was, “extremely important to find out exactly what happened.”
The two cables, one running from Finland to Germany and the other from Lithuania to Sweden, were both damaged in Swedish waters.
The Wall Street Journal reported in November that investigators suspected the Yi Peng 3 had deliberately severed the fibre-optic cables by dragging its anchor along the seabed.
In a post on X, NORSAR, the Norwegian foundation that tracks earthquakes and nuclear explosions, said it hadn’t detected any “seismic signals” in the area, indicating there hadn’t been any explosions.
The Yi Peng 3 has been anchored between Sweden and Denmark where it was being monitored by several vessels, including those belonging to the Danish navy.
“These types of incidents, they annoy all of us, obviously, and those who are interested in safe navigation and safety as such on the Baltic Sea and in countries in the Baltic Sea region,” said Poland’s Prime Minister Donald Tusk at a press conference in November.
Tusk was referring to separate incidents which saw the Nord Stream pipelines and the Balticconnector damaged.
The Nord Stream 1 and 2 pipelines, which carried gas from Russia to Germany, were both damaged in explosions in 2022.
And the Balticconnector gas pipeline was seriously damaged the next year.
Finnish, Swedish and German authorities all launched investigations into the rupture of the two fibre-optic cables.
Germany’s defence minister said that the damage appeared to have been caused by sabotage.
Chinese authorities in Beijing said they had no information about the ship but denied any responsibility and said Beijing was ready to “maintain communication” with relevant parties.
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