European banks storing €20bn a year in tax havens – Barclays and HSBC among banks booking money equivalent to 14% of annual profits in offshore entities Leading European banks are booking around…
Tag: EU Business
Amazon hit by record $887 million EU privacy fines - AMZN stock falls by 8%
Amazon (AMZN) faces a record-breaking £637 million ($887 million) EU privacy fines even though the tech giant was based in the tax haven in Luxembourg. The ramifications of this fine have…
EU launches Antitrust case against Google - The Google antitrust lawsuit 2021 begins!
The antitrust case against Google antitrust lawsuit 2021 Today The European Union announced it has launched an antitrust case against Google. It has initiated wide-ranging antitrust investigations against Google on…
EU agrees 'tough' new law for large multinational corporations
European Union (EU) government reached a deal with the EU Parliament on Tuesday over new rules that will force large multinational companies to disclose how much revenue and tax they…
EU President under pressure to quit after blocking UK
European Commission President Ursula von der Leyen is reportedly under pressure to resign her post, after a disastrous and short-lived where the EU President took a decision to block vaccines…
German government slashes GDP growth forecast 2021
The German government slashed this year’s economic growth predictions to 3% on Wednesday citing the impact of coronavirus lockdowns, a drop from last autumn’s 4.4% forecast. Chancellor Angela Merkel and state…
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