News by tag: EU Commission

07.12.2017

Brexit deadline for UK and Prime Minister May

The EU has declared there is still "no white smoke" over a Brexit deal and handed Theresa May a 72-hour deadline to make an acceptable offer. Michel Barnier has informed EU member states that Britain has just 48 hours to agree on a potential deal on the first phase of Brexit talks for talks to move onto trade and transition before 2018.

 
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05.12.2017

EU creates blacklists tax havens, Switzerland in the grey list

The EU has named and shamed 17 states in publishing the bloc’s first ever tax haven blacklist and put a further 47 states on notice, including four British overseas territories and crown dependencies. The decision was made at a meeting of finance ministers in Brussels as EU authorities move to counter tax avoidance and evasion - having urged dozens of nations to make greater commitments to transparency over the past year.

 
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05.12.2017

Apple closed the deal to pay Ireland over $15 billion in back taxes

Apple on MOnday reached an agreement with the European Union to begin depositing the €13 billion ($15.4 billion) in back taxes it was ordered to pay Ireland last year, following the landmark decision to crackdown on tax shelter policies and profit offshoring, according to The Wall Street Journal.

 
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07.11.2017

Paradise Papers: EU is going to discuss tax havens blacklist

European Union states will on Tuesday bring forward a discussion on plans for a tax havens' blacklists after newly leaked documents revealed investments by wealthy individuals and institutions around the globe, officials said. The subject's inclusion on the monthly meeting's agenda of EU finance ministers came after weekend media reports citing the "Paradise Papers", a trove of financial documents leaked mostly from Appleby, a prominent offshore law firm. EU finance ministers meeting for regular talks in Brussels will discuss tax avoidance on Tuesday after a trove of leaked documents exposed the great lengths to which the global elite will go to avert paying a fair tax.

 
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28.09.2017

Google Shopping is changing to avoid new EU fines

Three months after it was fined €2.4 billion by the European Commission for abusing its position on its online shopping service, Google is changing its website to comply with the Commission's demands and avoid a new penalty. On Thursday morning (28 September), the US company's shopping service will treat its own ads the same way as ads from external services.

 
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19.09.2017

Dilemma in the sky: EU warns Ryanair to respect the rules

More than 300,000 Ryanair passengers have had their travel plans thrown into disarray as a result of a rolling programme of flight cancellations that will hit 2 per cent of all of the airline’s flights between now and the end of October.  Ryanair chief executive Michael O’Leary blamed a “messed-up” rostering system and a need to give pilots “lots of holidays over the next four months”. He said the roster issues arose due to a change in the way the airline records flight hours. Under EU rules, pilots can only fly 900 hours a year, and 100 hours in any month.

 
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12.09.2017

Google will appeal against €4.2 bn EU antitrust fine

Internet giant Google is appealing against a record 2.4 billion euro fine the European Commission handed down in June, 2017. The world's most popular Internet search engine, a unit of the U.S. firm Alphabet, launched its appeal two months after it was fined by the European Commission for abusing its dominance in Europe by giving prominent placement in searches to its comparison shopping service and demoting rival offerings.

 
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11.09.2017

EU Members ask for a web tax on digital tech giants

The finance ministers of France, Germany, Italy and Spain have written a joint letter to the European Union's presidency and Commission calling for taxes on tech giants' revenues, not just their profits. The four nations want the Commission to produce an "equalization tax" that would make companies pay the equivalent of the corporate tax in the countries where they earn revenue. France is leading a push to clamp down on the taxation of such companies, but has found support from other countries also frustrated at the low tax they receive under current international rules.

 
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07.09.2017

Intel won the first round in $1.3 bn UE Antitrust fine battle

The European Union's highest court on Wednesday backed Intel Corp.'s appeal of a €1.06 billion ($1.26 billion) EU antitrust fine in 2009, referring the case back to a lower court and dealing a blow to an antitrust regulator that has taken a hard line on U.S. tech giants. Intel was fined by the European Commission in 2009 for abusing its monopoly of the computer processor market by bullying manufacturers into purchasing all their chips from Intel instead of rivals. The penalty was the biggest antitrust fine in the Commission’s history until the €2.4bn fine handed to Google this year.

 
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24.07.2017

German automakers collusion was the plot of Dieselgate?

German newspaper Spiegel cited documents submitted by VW and another by Daimler, purportedly revealing that Volkswagen, Daimler and BMW are being investigated by Germany’s Federal Cartel Office on suspected antitrust collusion over decades on technology relating to exhaust gas measures on diesel vehicles.  The report shows that the companies have been secretly meeting in various working groups since the 1990s, where they agreed on technologies, costs, suppliers and even how to work on emissions from diesel engines.

 
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