Search Results for: European Commission
MasterCard sued for £14bn in largest ever British legal claim
September 9th, 2016
MasterCard ‘firmly disagree’ with allegations in landmark case of overcharging 46m UK customers for card fees Credit card group MasterCard is being sued for £14bn, the largest legal claim in British history, in a landmark lawsuit over allegations that ...
ICAP Global Broking appoints Arjun Singh-Muchelle as Global Head of Regulatory Affairs
September 5th, 2016
ICAP plc (IAP.L), a leading markets operator and provider of post trade risk mitigation and information services, announces today that it has appointed Arjun Singh-Muchelle as Global Head of Regulatory Affairs of its Global Broking division (IGBB). Arjun was previously ...
Magic Circle law firm Freshfields to defend Apple in EU tax battle
September 2nd, 2016
Magic Circle heavyweight Freshfields Bruckhaus Deringer has secured the mandate to defend Apple against the single largest EU tax bill in history. With the global business community still reeling over the European Commission’s surprise decision to order Apple to ...
Why the EU says Apple must pay Ireland $14.5 billion in tax
September 1st, 2016
The European Commission (EC) ordered Apple Inc. to pay Ireland unpaid taxes of up to 13 billion euros ($14.5 billion) on Tuesday as it ruled the firm had received illegal state aid. What is the EC alleging? The European ...
ESMA Sees Risk Outlook Deteriorate For EU Securities Markets
August 31st, 2016
The European Securities and Markets Authority (ESMA) latest risk report has found that the overall assessment of risk levels in EU markets under its remit remains unchanged. Market and credit risks remain very high – the highest level – while liquidity ...
EU Apple Tax Ruling Stirs Fears of Revenue Loss in U.S.
August 31st, 2016
American politicians have spent years salivating over U.S. companies’ stockpile of untaxed foreign profits, now more than $2 trillion and growing. Europe got to that money pot first. The European Commission’s ruling Tuesday that Apple Inc. must pay $14.5 billion in back ...
Apple facing back taxes running into billions over Ireland deal
August 30th, 2016
Irish officials expect European commission to declare the arrangement with Apple unlawful under state aid rules Apple could face back taxes running into billions with the European commissionexpected to rule against the company on Tuesday over its arrangements with the ...
EU accused US of ‘acting like a tax haven’
August 29th, 2016
US accused of ‘acting like a tax haven’ for threatening retaliation against Brussels’ anti-trust investigations into Apple, Amazon and Starbucks The US has been accused of “behaving like a tax haven”, in an escalating war of words between Washington ...
U.S. Warns Apple Tax Probe in Europe Could Set ‘Undesirable Precedent’
August 25th, 2016
Just weeks before the European Commission is expected to make a decision in its landmark Apple tax probe, the U.S. Treasury department has criticized the Brussels-based body for “threatening international agreements on tax reform,” and warned that a decision against ...
CySec imposed administrative fine on a Cyprus Investment Firm
August 10th, 2016
The Board of the Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform the public that, at the meeting held on 25 July 2016, it decided to impose a total administrative fine of €2.000 to the Cyprus Investment ...
