European Commission Targets Bitcoin in Tax Evasion Clampdown
While there is an argument to be made for strengthening anti-money laundering rules,the implementation may leave much to be desired. In the end, it will all come down to how these new proposals will be enforced. Tax evasion through offshore accounts and shell companies remains a serious problem. The European Commission unveiled their plans to Clamp down on these practices moving forward. Clamping down on individuals and companies trying to avoid paying taxes is the primary objective right now.Moreover, the commission will also go after lawyers and tax advisers helping clients to sluice....
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The European Commission disagrees with some provisions in the crypto regulatory proposal approved recently by the European Parliament. The executive arm in Brussels is unhappy with certain anti-money laundering measures, according to a media report quoting unofficial correspondence.
European Commission Working on Compromise Proposal for EU Crypto Rules
Europe’s upcoming Markets in Crypto Assets (MiCA) legislation is facing challenges in the trilogue stage, less than two months after the European Parliament voted on the draft. Since then, discussions have been underway....
The European Commission (EC) is opposing the creation of the crypto crime victim superfund to be financed with $0.0001 per dollar on all cryptocurrency transactions occurring within the EU. The Commission says that it does not have the competence to set up and administer such a fund. It also argues that most crypto crimes occur outside the EU jurisdiction. EC Says It Lacks the Needed Competencies The EC made the remarks in response to a petition lodged with the European Union Parliament (EUP) by a consortium of crypto fraud victims. In their petition, the victims insist that the EC, which....
A PROMINENT former adviser to the President of the European Commission has described the EU’s treatment of Ireland throughout the financial crisis as “outrageous.” Philippe Legrain – an academic, headhunted by European Commission president, Manuel Barroso, in 2011 to advise him on economic strategy – gave a highly damning condemnation of what he described as “bullying” by the European Union. The same European Union that is now imposing negative interest rates. Legrain, who quit his job as special adviser to the European Commission, earlier this year has just released a book describing and....