Search Results for: Ireland
Why the EU is doomed
September 16th, 2016
We are accustomed to looking at Europe’s woes in a purely financial context. This is a mistake, because it misses the real reasons why the EU will fail and not survive the next financial crisis. We normally survive financial ...
Deloitte announces record global revenue of $36.8bn
September 8th, 2016
Deloitte has reported aggregate network revenue of $36.8bn for the fiscal year ended 31 May 2016, representing 9.5% growth in local currency terms. Risk advisory grew the most at 22.5%, driven by high demand for cyber and regulatory services, ...
Euro area unemployment at 10.1%
September 8th, 2016
Eurostat has issued a publication to inform regarding the unemployment rate in Euro area for July. The euro area (EA19) seasonally-adjusted unemployment rate was 10.1% in July 2016, stable compared to June 2016 and down from 10.8% in July 2015. ...
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 ...
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 ...
Geneva’s Corporate-Tax Fight Becomes ‘Mother of All Battles’
August 29th, 2016
When the European Union pressured Switzerland to scrap tax breaks for foreign companies, Geneva had the most to lose. Now, the canton that’s home to almost 1,000 multinationals is set to use tax to burnish its appeal. Geneva will ...
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 ...
What is the employment rate of young people in EU?
August 16th, 2016
Below is an overview of European Union (EU) statistics related to the employment rates of young people (those aged 20–34 years) who have recently graduated from either upper secondary or tertiary levels of education (as defined by the international ...
EU Criticizes France’s Inefficient VAT System
August 8th, 2016
The European Commission has released a paper recommending improvements to France’s “inefficient” value-added tax system, including that the country do away with broadly applying reduced VAT rates. The paper notes that France faces significant fiscal challenges; Its tax burden ...
