Search Results for: Luxembourg
The ECB’s financial suttee
March 22nd, 2021
The European Commission is failing. Its response to Brexit and the pandemic, where it is now threatening emergency powers in order to secure vaccines is a latest throw of the political dice. Even before this development markets were getting ...
EU’s tax irregularities attract international attention
February 25th, 2021
Le Monde’s recent “OpenLux” revelations show that Luxembourg fails to act fairly within the European Union by offering low tax rates to corporates – underscoring the flaw of an unharmonised EU system, according to Jay Sanghrajka, partner at Price ...
Cookies penalty: AMAZON EUROPE CORE, GOOGLE LLC and GOOGLE IRELAND LIMITED fined multimillion euros
December 10th, 2020
The French data protection authority, Commission Nationale de l’Informatique et des Libertés (CNIL), has issued today two announcements to inform about the imposition of fines to AMAZON EUROPE CORE, GOOGLE LLC and GOOGLE IRELAND LIMITED for Cookies violations. AMAZON ...
How much do Europeans spend on housing?
December 10th, 2020
In 2019, households in the EU spent over €1 700 bn (equivalent to 12.3% of EU GDP) on ‘Housing, water, electricity, gas and other fuels’. This represents nearly a quarter (23.5%) of their total consumption expenditure and is by ...
Deliveries of oil products resuming slowly
October 22nd, 2020
EU countries gradually and partially lifted Covid-19 containment measures between May and August. As restrictions on air traffic and the movement of people relaxed, the use of common transport fuels started resuming from the low levels registered in March ...
EU expecting COVID-19 dent in 2020 VAT collections
September 30th, 2020
The European Commission has published its latest VAT gap report, which show that EU countries lost an estimated EUR140bn (USD165.7bn) in VAT revenues in 2018, down EUR1bn in nominal terms on the year prior. The “VAT gap” measures the ...
Paris wins legal battle against Airbnb hosts in European high court
September 23rd, 2020
The European Court of Justice has upheld a French law that gives cities and towns the right to block short-term property rentals, a decision that may open the way for European cities to take action against Airbnb and similar ...
Unemployment rate in Euro area increased
September 3rd, 2020
In July 2020, a month marked by some relaxation of COVID-19 containment measures in many Member States, the euro area seasonally-adjusted unemployment rate was 7.9%, up from 7.7% in June 2020. The EU unemployment rate was 7.2% in July ...
Annual inflation up to 0.4% in the euro area; The highest and lowest annual rates
August 26th, 2020
In July 2020, a month in which COVID-19 containment measures continued to be lifted, the euro area annual inflation rate was 0.4% in July 2020, up from 0.3% in June. A year earlier, the rate was 1.0%. European Union ...
Euro area annual inflation up to 0.4%
August 5th, 2020
In July 2020, a month in which COVID-19 containment measures continued to be lifted, Euro area annual inflation is expected to be 0.4%, up from 0.3% in June according to a flash estimate from Eurostat, the statistical office of ...
