Search Results for: European Union
EU charges Google with abusing market dominance of Android
April 21st, 2016
Google found itself under fire again on Wednesday from EU antitrust regulators who say it abused the dominant position of its Android mobile operating system, a move which could hit a key money-spinner for the company. The charges by ...
New Treasury report claims lawyers will be worse off as result of Brexit
April 21st, 2016
A new report issued by the Treasury has claimed lawyers and other professional services will be worse off if Britain leaves the European Union (EU) because of a reduction in access to the single market. The 200-page document, titled ...
Greece To Hike VAT To 24 Percent
April 20th, 2016
Greece has agreed to raise its value-added tax rate to 24 percent from July 1, 2016. The hike will push Greece’s headline rate closer to the highest value-added tax rate in the European Union, that of Hungary’s, at 25 ...
Once A Tax Haven, Gibraltar Now Says It’s Low-Tax
April 19th, 2016
Gibraltar, a tiny British territory at Europe’s southern tip, is famous for its geography — a huge limestone rock — that appears on the Prudential logo. It’s a global center for offshore banking, with the trappings of wealth to prove ...
A Brexit may shrink UK economy equivalent to £4,300 per household
April 18th, 2016
Leaving the European Union would take a severe financial toll on British families, Treasury officials warned on 18 April. In a 200-page official analysis, the Treasury forecasts that a vote for Brexit in June would see Britain’s economy shrink ...
How corporate tax avoidance is hurting America and the rest of the world
April 15th, 2016
Tax-haven abuse by multinationals is exacerbating the global wealth gap and putting an excessive burden on developing countries, according to a damning new report from the nonprofit Oxfam. Coming just a week after the release of what have come ...
Corvil announced the launch of its MiFID II solution
April 15th, 2016
Corvil today announced the launch of its MiFID II solution, which enables customers to meet electronic trading regulations, including real-time monitoring, surveillance, and precision clock-synchronised record-keeping with minimal impact to existing trade plants and software systems. Corvil’s solution leverages its ...
Estonian Supreme Court Rules Against Bitcoin Trader
April 13th, 2016
The Estonian Supreme Court has ruled in favor of restrictions on bitcoin trading activity in the wake of a lawsuit filed by a digital currency broker. The ruling, which came in the wake of a long-running lawsuit that began as a inquiry into ...
IMF Warns Of ‘Severe Economic Damage’ Of Brexit
April 12th, 2016
Brexit could cause severe damage to the global economy, the International Monetary Fund has warned. The IMF used its closely-watched World Economic Outlook report to slash its forecast for UK economic growth and warned if Britain were to leave ...
EU Seeks Tougher Tax Rules After Offshore Accounts Scandal
April 12th, 2016
The European Union’s executive wants thousands of multinationals doing business in its 28 nations to show where they pay tax and make their profit on a country-by-country basis to be able to close loopholes many have exploited to avoid ...
