Thursday

28th May 2020

Ticker

Google escapes €1bn French tax bill

Paris administrative court ruled on Wednesday that the French state could not ask Google to pay out €1,115-billion in taxes. It said the US tech company cannot be taxed for the activities of its AdWords service because it has no "permanent establishment" in France, pointing out that Google's European headquarters, staff and servers are in Ireland. The exemption was based on a law from 1928.

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Feature

Why developing countries may be last to get the vaccine

'The current standard for vaccines is to be kept at two to eight degrees and that is really tough in many developing countries when it can be up to 50 degrees outside,' warn experts on the challenges facing low-income countries.

Green Deal

EU Commission's green recovery criticised as 'brown'

The European Commission's €1.85 trillion recovery plan from the coronavirus crisis did not convince environmental NGOs, such as Greenpeace, which believes that the proposal fails to offer a truly 'green recovery' and alternatives to the existing economic model.

Coronavirus

Mix of loans and grants in Commission €750bn package

Italy and Spain, the worst-hit EU countries by the coronavirus pandemic, will get much of the new money under the European Commission's recovery plans - that mark a turning point for the bloc in moving towards joint debt.

Coronavirus

EU recovery agreement deal may need 'personal' summit

EU Commission vice-president Maros Sefcovic pleaded with EU affairs ministers for "rapid agreement" on the EU budget and recovery plans to be unveiled on Wednesday - but an agreement and ratification process has its risks.

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