Search Results for: Luxembourg
European Parliament set to hold inquiry into VW emissions scandal
December 17th, 2015
The European Parliament plans to set up a committee to investigate Volkswagen‘s (VOWG_p.DE) emissions scandal and whether regulatory oversight of the car industry was too lax. Members of the European Parliament will vote on the issue around midday on ...
With change of tone, EU warms to Turkey, Serbia membership bids
December 15th, 2015
The European Union revived Turkey’s membership bid on Monday and opened accession talks with Serbia, showing how a migration crisis and Russia’s presence in the Balkans has prompted the EU to rethink plans to stop expanding. More than a ...
The Commission acts for full, proper and timely implementation of EU law
December 14th, 2015
The Commission ensures proper application of EU law for the benefit of citizens and businesses: This month’s infringement package includes 34 reasoned opinions, 9 referrals to the Court of Justice of the EU, and 83 closures. To help citizens ...
EU: Council agreed on first ever EU rules on cybersecurity
December 9th, 2015
MEPs close deal with Council on first ever EU rules on cybersecurity Transport and energy companies will have to ensure that the digital infrastructure that they use to deliver essential services, such as traffic control or electricity grid management, ...
ECOFIN: Main results on Tax Rulings
December 9th, 2015
The Council took a number of decisions on corporate taxation. It adopted a directive on cross-border tax rulings, which will improve transparency on tax rulings given by member states to companies about how taxation will be dealt with. Pierre Gramegna, ...
EU Hits McDonald’s With Full-Blown Tax Investigation
December 4th, 2015
U.S. fast-food chain’s Luxembourg unit has paid ‘virtually’ no corporation tax on profits since 2009 European Union regulators confirmed Thursday they have opened a full-blown probe into McDonald’s Corp.’s tax affairs in Luxembourg, warning that a tax deal granted ...
Brussels orders EU countries to claw back ‘illegal’ tax rulings
October 22nd, 2015
Europe’s competition chief ordered the Netherlands to recover €20-30 million in back taxes from Starbucks on Wednesday (21 October) and told Luxembourg to claim the same amount from Fiat Chrysler Automobiles. The move is a heavy blow to profit-shielding ...
EU countries warn of Volkswagen scandal fallout
October 21st, 2015
Several EU member states including major automaker France will urge Europe’s pollution regulator to thoroughly assess the consequences of the Volkswagen emission scandal, according to a document seen by AFP Monday. “The environmental dimension needs to be clearly assessed ...
The Common Reporting Standard: Automatic Information Exchange Goes Global
October 16th, 2015
Automatic exchange of information for tax law enforcement purposes started first in Europe with the EU Savings Tax Directive, went international with the US Foreign Accounts Tax Compliance Act, and, from 2017, will go global with the recently-agreed Common ...
SnapSwap granted first bitLicense in Europe
October 12th, 2015
SnapSwap International S.A. announced today that the company has been granted a license to provide services as a regulated payment institution by the Minister of Finance of the Grand Duchy of Luxembourg. The license allows SnapSwap to offer payments, remittances, ...
