Friday

20th Oct 2017

Ticker

EU probes €1bn 'tax dodge' by Ikea

EU competition boss Margrethe Vestager is examining allegations that Swedish furniture maker Ikea dodged at least €1 billion in taxes over the past six years. Vestager confirmed to Bloomberg TV she is looking at documentation put forward by the European Parliament's Green group, and that her scrutiny is in “very, very early days". Ikea said recently its effective corporate income tax rate is just below 20 percent.

Investigation

The mysterious German behind Orban's Russian deals

Klaus Mangold, a German businessman with good connections in Russia, and who provided a jet for Commission vice-president Guenther Oettinger, played a crucial role in Hungary's controversial Paks nuclear deal with Russia, Direkt36's investigation has found.

Turkey funding cuts signal EU mood shift

EU leaders at their summit spent some three hours deliberating on relations with Turkey before asking the EU commission to come up with a plan on cutting and reorienting some €4.5 billion in pre-accession aid.

Agenda

Posted workers top EU agenda This Week

The posted workers file will be on the table of ministers and MEPs this week, while budget, journalism, Schengen and party funding are also on the EP's plenary menu.

News in Brief

  1. Rajoy to trigger Article 155 on Saturday in Catalan crisis
  2. EU conducts unannounced inspection of German car firm
  3. Lithuania calls for new EU energy laws
  4. EU leaders aim for December for defence cooperation
  5. Juncker says hands tied on Russia pipeline
  6. Czechs set to elect billionaire Andrej Babis
  7. Italian regions hold referendums on more autonomy
  8. EU leaders refuse to mediate Catalonia conflict

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