Wednesday

12th Aug 2020

Ticker

Luxembourg faces EU action on money-laundering failure

Offshore banking centre Luxembourg is to face European Commission legal action for not writing the latest EU anti-money laundering and anti-tax avoidance laws into its national legislation, officials said Thursday. The duchy's tax rules let multinationals hide behind shell firms and benefit from "unlimited deductibility of interest" from taxes, the commission said. Luxembourg has a history of going slow on EU laws in the sector until threatened by court action.

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Column

Drums of war again, in Europe

Just a few weeks ago, as Europeans in several countries put their furious debates about masks and corona appsinto higher gear, Turkey and Greece almost came to blows in the Aegean Sea.

Minsk violence prompts talk of EU sanctions

Images of bloody injuries after police attacked protesters with batons and stun grenades marked Belarus' latest sham election, posing questions on EU sanctions.

Opinion

Schrems privacy ruling risks EU's ties to digital world

With more and more trade moving to the digital realm, Europe can ill-afford to cut itself off. Meanwhile, China continues to advance a vision for an internet that is fractured along national boundaries and controlled by governments.

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