Latest in Tag: Luxembourg Highlight

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Latest in Tag: Luxembourg

Where are Europe’s best bathing sites?

Austria, Cyprus, Greece, Luxembourg and Malta offer the cleanest bathing waters in Europe, the European Union’s environment watchdog said Tuesday.The findings were based on tests of water quality in more than 21,000 beach, river and lake sites across Europe during 2016, including non-EU members Switzerland and Albania. The top five countries scored “excellent” ratings for …

Deutsche Welle

Luxembourg sues VW over emissions scam

The EU country has launched criminal proceedings to identify those responsible for Volkswagen’s diesel emissions scandal, following reports that the German carmaker’s first big client is also taking legal action.Luxembourg announced on Monday that it was taking legal action against Volkswagen’s (VW’s) Audi division, trying to identify the “unknown persons” responsible for the carmaker’s EA …

Deutsche Welle

Founding EU members talk Brexit in Berlin

Germany’s top diplomat Frank-Walter Steinmeier urged Brexit talks to start “as soon as possible” after meeting representatives of the EU’s founding nations. His colleagues also put pressure on London to hurry talks up.

Deutsche Welle

EU to grill McDonald’s over Luxembourg tax deal

Europe’s top competition watchdog could be looking to take a big bite out of the world’s largest fast-food chain as it launches a full-blown investigation into McDonald’s dubious tax dealings with Luxembourg. European Competition Commissioner Margrethe Vestager on Thursday announced she was probing whether the Grand Duchy had granted the US multinational “advantageous tax treatment …

Deutsche Welle

Starbucks, Fiat to repay illegal tax advantages

US coffee retailer Starbucks and the financing arm of Italian carmaker Fiat must repay several million of euros in illegal tax advantages. The ruling is part of an EU clampdown on corporate tax avoidance. EU Competition Commissioner Margrethe Vestager announced Wednesday that tax rulings which “artificially reduce a company’s tax burden” were illegal because they …

Deutsche Welle

German farmers to profit most from EU financial aid

EU agriculture ministers have said German farmers are to get the biggest chunk of a special aid package. It’s designed to compensate them for rapidly dwindling milk and pork prices as a result of overcapacities. At their regular meeting in Luxembourg, EU agriculture ministers on Tuesday agreed Germany should get 69.2 million euros ($78.2 million) …

Deutsche Welle

Luxembourg bill for debut sukuk to take 2-5 months to pass

Reuters – Luxembourg’s parliament could pass a bill as soon as two months from now to facilitate its first issue of sovereign sukuk, though an upcoming budget vote may delay approval for five months, a legislative official told Reuters. Last month, the Luxembourg government presented a bill to parliament to allow the securitisation of assets …

Daily News Egypt

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