On Thursday 4 May, the European Commissioner for Taxation, Pierre Moscovici of France, gave the MEPs of the committee of investigation into the Panama Papers scandal the first elements of his proposal to regulate the activities of financial advisers, to be presented this side of the summer.
He referred to a new directive, confirming that the Commission will indeed opt for binding legislation rather than just a recommendation. “There is a lot at stake (…). We need a proper system to...