Thursday

21st Sep 2017

Ticker

Luxembourg changes tax rules for companies

Luxembourg's finance ministry announced on Tuesday the Duchy is changing its tax rules for companies, making it more difficult for multinationals to avoid paying taxes through international structure. Luxembourg was revealed in 2014 for having made sweetheart tax deals, and was told by the European Commission last year to claw back €20-30 million from Fiat. The ministry statement said the law was drafted after contacts with the commission.

EU takes time to ponder tax on tech giants

The EU commission published a paper that outlined several options on how to increase tax income from internet companies' activities, but fell short of proposing legislation.

Asylum seekers create EU 'limbo' nation

The number of asylum seekers "in limbo" in the EU is likely to be greater than the combined populations of Cyprus and Malta, estimates indicate.

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