Search Results for: euro
Online spending volume has expanded in the past few years
April 14th, 2022
Online spending volume has expanded in the past few years, with the value of digital payments worldwide expected to grow at a compound annual growth rate (CAGR) of 15% between 2021 and 2028. This includes both business-to-business (B2B) and ...
Poland blocks EU directive to implement global corporate tax deal
April 14th, 2022
Poland vetoed on Tuesday (5 April) a compromise proposal for an EU directive that would implement the internationally agreed 15% minimum effective taxation rate for large multinationals. With its veto, the Polish government frustrated the French EU Presidency’s goal ...
One of the world’s biggest hacker forums taken down
April 14th, 2022
The illegal marketplace ‘RaidForums’ has been shut down and its infrastructure seized as a result of Operation TOURNIQUET, a complex law enforcement effort coordinated by Europol to support independent investigations of the United States, United Kingdom, Sweden, Portugal, and ...
Employment up, labour market slack down in Q4 2021
April 14th, 2022
In the EU, the employment rate of people aged 20-64 stood at 74.0% in the fourth quarter of 2021, which represents an increase of 0.5 percentage points (pp) compared with the third quarter of 2021. The labour market slack, ...
How Long Until Inflation Breaks Germany?
December 14th, 2021
During the 1923 Weimar Republic hyperinflation, newly-destitute Germans burned their life savings to keep warm or carted wheelbarrows of cash to stores to buy bread and milk. This wipe-out of an entire generation’s wealth led directly to Hitler and ...
Swiss bank UBS fined over tax evasion in French appeal
December 14th, 2021
A French court fined Swiss bank UBS 1.8 billion euros on appeal for its role in helping French residents commit tax fraud. UBS took the fight to the Paris appeals court after being initially hit with a 3.7-billion-euro fine ...
Virtual assets-based money laundering and other crypto-enabled crimes
December 14th, 2021
The 5th Global Conference on Criminal Finances and Cryptocurrencies on 7-8 December 2021, co-organised by the Basel Institute on Governance, INTERPOL and Europol, saw several thousand participants from the public and private sectors gathering to exchange knowledge on virtual ...
Cloud computing used by 42% of enterprises
December 14th, 2021
Enterprises can access computing resources hosted by third parties on the internet instead of building their own IT infrastructure. This pool of resources is most commonly known as ‘cloud computing’. As cloud services are provided online, enterprises must have ...
ESMA fines trade repository €238,500 for EMIR data failures
September 29th, 2021
The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has fined trade repository UnaVista Limited €238,500 for eight breaches of the European Market Infrastructure Regulation (EMIR). The breaches relate to failures in ensuring the integrity of ...
EU set to remove Seychelles from tax haven blacklist
September 29th, 2021
European Union finance ministers are set to remove the Seychelles, Dominica and Anguilla from the bloc’s blacklist of tax havens next week, documents seen by Reuters indicate, while Panama has failed in its request to be delisted. The list ...
