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European Commission

ikea

New tax scandal as Ikea ‘avoids paying £775 Million in taxes using onshore havens’

15/02/2016(0)
FURNITURE giant Ikea has been accused of underpaying a staggering €1 billion (£773 million) in taxes between 2009 and 2014. The Swedish firm is under scrutiny for using “onshore ... Read More
european-union

European Commission and the United States Commodity Futures Commission: Common approach for transatlantic CCPs

11/02/2016(0)
Commissioner Jonathan Hill and the US Commodity Futures Trading Commission (CFTC) Chairman Timothy Massad have today announced a common approach regarding requirements for central clearing counterparties (CCPs). The US ... Read More
european-union

Commission extends by one year the application date for the MiFID II package

10/02/2016(0)
The Commission has proposed a one year extension to the entry into application of the revised Markets in Financial Instruments Directive, or MiFID II. This is to take account ... Read More
european-union

EU proposals will force multinationals to disclose tax arrangements

08/02/2016(0)
Large US firms such as Google and Amazon will be required to disclose tax bills in Europe under draft legislation from European commission US multinationals such as Google, Facebook and Amazon ... Read More
EU-Commission

EU Commission and United States agree on new framework for transatlantic data flows: EU-US Privacy Shield

03/02/2016(0)
The College of Commissioners approved the political agreement reached and has mandated Vice-President Ansip and Commissioner Jourová to prepare the necessary steps to put in place the new arrangement. ... Read More
law-antitrust

Europe fines car parts producers for participating in cartel

28/01/2016(0)
Antitrust: Commission fines car parts producers € 137 789 000 in cartel settlement European Commission has issued a press release to inform that: The European Commission has imposed fines ... Read More
UK-tax

UK Planning Law Change For VAT Groups

18/01/2016(0)
The UK Government has announced a consultation on changes to the nation’s VAT grouping provisions, following the European Court of Justice’s rulings in the cases Larentia + Minerva and ... Read More
EU-Commission

Rule of law in Poland: Commission starts dialogue

14/01/2016(0)
The Commission discussed the respect of the Rule of Law in Poland and launched a dialogue under the Rule of Law Framework. It also discussed migration, the Investment Plan ... Read More
EU-Commission

Mergers: Commission opens in-depth investigation into acquisition of oilfield service provider Baker Hughes by Halliburton

13/01/2016(0)
The European Commission has opened an in-depth investigation to assess whether the proposed acquisition of oilfield service supplier Baker Hughes by rival Halliburton would impede effective competition in breach ... Read More
european-union

Single Resolution Mechanism to come into effect for the Banking Union

04/01/2016(0)
The Single Resolution Mechanism (SRM) will become fully operational on 1 January 2016. The SRM implements the EU-wide Bank Recovery and Resolution Directive (BRRD) in the euro area. The ... Read More
Broker Cyprus TopFX