Search Results for: European Union
The Rise and Fall of the Cypriot Economy (Part 2)
October 20th, 2014
Part 2 – Decline & Deleveraging Stage 4 In the fourth stage people start to become poorer but still think of themselves as rich. The decline is gradual and at first people didn’t realise it and in cases where ...
Switzerland, EU finalize agreement on Corporate Tax Reform
October 17th, 2014
Switzerland and member states of the European Union (EU) have signed a joint statement that reaffirms Switzerland’s commitment to abolish contested corporation tax regimes and EU member states’ pledge to lift countermeasures. The agreement was signed on October 14, ...
E.U. Praise for Greece Fails to Stem Bond Sell-Off
October 17th, 2014
On Thursday, as more investors fled Greek bonds, they drove the government’s long-term borrowing costs to nearly 9 percent — up from 7 percent on Wednesday and the highest level since January. Although Greece appeared to be on the ...
Merkel urges EU to keep up reforms as crisis not over
October 16th, 2014
German Chancellor Angela Merkel told parliament on Thursday that Europe must push ahead with efforts to cut public deficits and improve competitiveness because the euro zone debt crisis has not yet been overcome and its causes have not been ...
New Report Charts EU Tax Policy Changes In 2014
October 16th, 2014
The European Commission has published a new report detailing key tax reforms implemented by European Union member states during 2014 and identifies the main policy challenges they are said to face. The report notes that the tax burden on ...
In Court, Lawyer Calls E.C.B. Bond Plan ‘an Egregious Extension’ of Powers
October 14th, 2014
In legal news, Europe’s highest appeals court began hearing arguments on Tuesday morning on a suit that aims to block a European Central Bank bond-buying program that has never been deployed — but whose mere announcement two years ago ...
Ireland Considers changes on Corporate Tax
October 13th, 2014
Multinational companies are bracing for their last serving of the “Double Irish.” Ireland is expected on Tuesday to announce changes to its tax code that could eventually close one of the world’s most famous corporate-tax loopholes, dubbed the Double ...
Statoil sells Shah Deniz stake for $2.25 billion to Petronas
October 13th, 2014
Norway’s Statoil (STL.OL) has sold its remaining 15.5 percent stake in the Azeri gas project Shah Deniz to Malaysia’s Petronas for $2.25 billion, the latest in a string of asset sales made to shore up returns to shareholders. ...
Google Provides Details on ‘Right to Be Forgotten’ Requests
October 10th, 2014
Google said that it had removed more links in Europe to content on Facebook from its search results than from any other website. Facebook, and Google’s own services, are among the websites to be most affected by Europe’s so-called ...
Espírito Santo Financial Files for Bankruptcy
October 10th, 2014
Espírito Santo Financial, which was a large shareholder of the bailed-out Portuguese lender Banco Espírito Santo, lost a bid last week for creditor protection in Luxembourg. The Espírito Santo Financial Group, which at one point held about 25 percent ...
