Friday

29th Mar 2024

Ticker

Nike to face EU scrutiny on Dutch tax deals

EU competition commissioner Margrethe Vestager opened on Thursday an in-depth into the tax treatment of Nike in the Netherlands, saying the US-based company may have benefitted from an illegal advantage in relation to taxation of intellectual property rights. "Member States should not allow companies to set up complex structures that unduly reduce their taxable profits and give them an unfair advantage over competitors," she said.

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Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

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