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…
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…
Eastern European News
Lithuania Propels into Fintech
Lithuania is fast gaining a reputation for being the most accelerated Fintech hub in all of Europe. It features year-on-year 40% growth in the area as well as a burgeoning talent base and quite unique regulatory route. This has rendered it Europe’s largest e-money license issuer. As such, large names are flocking to the area…
Business in Europe: Best Countries Report
Yesterday the European Chamber (EUCHAM) put out a report of “rank[ing] and analyz[ing] all 46 European countries according to their economic environment.” In brief, it was found that the list toppers were those from the Nordic regions (Denmark, Finland, Norway and Sweden). Next on the list was the UK. While in general the FSU countries…
