The EU has accused both Luxembourg and Amazon of finding a band-aid fix to avoid tax. Competition Commissioner Joaquin Alumina sent a 23 page letter to the Luxembourg foreign ministry. It is they said, “The commission’s preliminary view is that the tax ruling of 5 November 2003 by Luxembourg in favour of Amazon constitutes state…
Category Archives: Switzerland
The Consequences if Greece Leaves
As Greece contemplates the idea of leaving the EU, it’s certainly worthwhile to read analyses about the consequences that these actions would have. One article points out that, should it come to Greece leaving the EU, “A Greek default on its around 240 billion euros in rescue loans would send another shock wave to the…
EU Food Laws Changing…for the Better?
The EU law on food information for consumers (FIC) is changing which means that manufacturers can no longer hide ingredients under generic titles. And palm oil is one of those wildly used ingredients that will now come to light. Until now, palm oil has been listed as vegetable oil but many products are starting to…
EU Offering Aid to Bulgaria
The European Commission has proposed a grant to give Bulgaria EUR 10 million in aid for flood damage. The EU’s Economic and Financial Affairs Council is expected to approve of this proposal. The vote on the EUR 10 million aid package for Varna and Dobrich districts will take place on Friday, according to the Bulgarian…
China and the EU Come to Agreement
The EU has recently decided to drop its threat to levy punitive tariffs on Chinese telecoms exports. Beijing agreed to talk about limiting its exports credits to Chinese firms in the telcoms sector. showing the EU that it will heed the international binding rules on corporate subsidies. As Karel De Gucht, the EU Trade Commissioner,…
England’s Manufucturers Want to Stay with the EU
England’s manufacturers are saying they want to remain as part of the EU, according to a recent survey. The manufacturers’ organization EEF has found that 85% of people polled would select to stay with the EU, while only 7% want to leave. The EEF presents over 6000 companies and the survey included 160 of them….
Banning High Powered Hair Dryers & Other Appliances in the EU
If you live in the EU, you might want to grab that high powered hair dryer and hide it now. That’s because the hair dryer is on the list of 30 appliances that the EU is considering banning in order to curb energy consumption. A study that was commissioned by the EU has identified these…
EU Taking Hit from Russian Food Ban
The Russian food ban for US, Canadian and EU consumers is certainly going to have an impact – but it will create an even bigger impact for Russia itself. As David Cohen, the Treasury Department undersecretary in charge of economic sanctions explained, “What the Russians have done here is limit the Russian people’s access to…
200th Anniversary Commemorative Coin in Malta
The Central Bank of Malta will issue €2 commemorative coin marking the 200th anniversary of the creation of the Malta Police Force on Wednesday July 16th. The Governor of the Central Bank of Malta, Professor Josef Bonnici, presented the coin to the Acting Commissioner of Police, Raymond Zammit. At the Central Bank of Malta there…
Launch of New EU Financial Instrument and Advisory Service
A new EU financial instrument and advisory service has just been launched to help firms to access finance more easily. The agreement was just signed by European research, innovation and science commissioner Máire Geoghegan-Quinn on behalf of the EU in Greece. The goal, over the next seven years, is for InnovFin – EU Finance for…
