Search Results for: European Parliament
Smirnoff owner Diageo to pay HMRC £107m in ‘Google tax’ crackdown
May 12th, 2017
Drinks company will challenge HMRC claim for tax and interest over ‘diverted profits’ Diageo, the drinks company behind Johnnie Walker, Smirnoff and Guinness, is to pay HMRC £107m under the “Google tax” crackdown aimed at multinationals. The FTSE 100 ...
Emmanuel Macron has pledged to reduce taxation on companies to 25 percent
May 10th, 2017
Emmanuel Macron, France’s president-in-waiting after a resounding poll victory Sunday, campaigned on a platform that combined unstinting support for the EU with tax cuts for business and a pledge to maintain the country’s social safety net. Following are key ...
Business cycles are credit cycles
May 7th, 2017
This article gets to the heart of why central banks’ monetary policy will never succeed. The fundamental error is to regard economic cycles as originating in the private sector, when they are the consequence of fluctuations in credit. It ...
Scientists estimated that VW’s emissions cheating will lead to some 1,200 premature deaths in Europe
May 4th, 2017
Scientists are working on an assessment of the health impact of excess emissions from diesel cars in Europe in the wake of the Dieselgate scandal. The assessment is a follow-up to a study published last March, in which it ...
British PM Theresa May called for a general election: What you need to know
April 19th, 2017
The UK looks set to have a general election on 8 June. Here’s what you need to know. What has happened? The UK Prime Minister Theresa May has announced that she wants to hold a general election on 8 ...
Facebook will start paying 18 percent VAT in Russia
April 11th, 2017
Social media giant Facebook has joined the list of IT firms registered with Russia’s Federal Tax Service as a foreign company selling electronic content in Russia. Beginning April 25, the California-based company will start paying 18 percent value added ...
Australia’s Law to End Double Taxation of Bitcoin Stalled
April 8th, 2017
Last year, Australian Treasurer Scott Morrison promised to swiftly act on changing the goods and services tax (GST) law, in order to end the double taxation of bitcoin and other digital currencies. However, over fourteen months have passed without ...
The Russian “Laundromat” exposed; how the complex money laundering scheme worked
March 23rd, 2017
Three years after the “Laundromat” was exposed as a criminal financial vehicle to move vast sums of money out of Russia, journalists now know how the complex scheme worked – including who ended up with the $20.8 billion and ...
E-commerce: EU-wide rules to protect consumers better and stop rogue traders
March 23rd, 2017
New powers for national authorities to check whether e-commerce websites geo-block consumers, track down rogue traders or even, subject to safeguards inserted by MEPs, order that websites hosting scams be shut down, were approved by the Internal Market and ...
Asian Stocks Mixed Before Fed as Yen Fluctuates
March 14th, 2017
Japan’s Topix index drops, while Chinese equities advance Yield on 10-year Treasury near highest level of the year Asian stocks were mixed with Treasuries trading near the highest level this year as investors anticipated a near-certain rate hike from ...
