European Community law on the free movement of capital and the EMU

European Community law on the free movement of capital and the EMU:

The aim of this book is to make a critical study of the relevant legal rules on the free movement of capital within the EC and between member states and third countries. It is a legal text, and does not seek to cover the economic and finance areas of this topic, except where clarification and background detail are required. In the context of capital freedom, the author performs a critical analysis, supported by case law, of the problems connected with the abolition of capital controls within the European Community and between the European Community and third countries. Chapters cover: original treaty provisions on capital movement, the legislative process towards capital liberalisation, the impact of Maastricht on the free movement of capital, capital movements and taxation on capital income, public policy limitation on capital movements, the precedence of national prudential rules over capital freedom, external aspects of the free movement of capital and capital movements and EMU. The author highlights some of the negative consequences of capital freedom, such as the scope for tax evasion and money laundering. In conclusion, the author offers some concrete solutions to some of the relevant issues and makes some predictions on the future development of the law.

This is a detailed text, which has been well laid out into sections to help the reader navigate through a complex and often confusing subject. It will be of interest to all specialists, practitioners and academic, in this field.