Highlights
A collection of news and information related to Luxembourg published by this site and its partners.
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Global shares sink, following 7.3 percent drop in Japan's Nikkei
ReutersLONDON (Reuters) - Share markets fell sharply on Thursday as investors piled back into safer assets, unnerved by the twin setbacks of unexpected weakness in China's economy and signals that the U.S. central bank may soon scale back its stimulus program....Tags: General Motors Corp., Sumitomo Corporation, Apple iPad, McDonald's, United Nations
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Europe targets Switzerland in fight against bank secrecy
ReutersBRUSSELS (Reuters) - Europe edged closer to lifting banking secrecy on Wednesday after Austria said it was ready to share data on foreign depositors but Vienna's support could fade should efforts to strike a similar deal with Switzerland fail. Austria'...Tags: Austria, Swiss Confederation, Angela Merkel, Jean-Claude Juncker, Economy, Business and Finance
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The Irish loophole behind Apple's low tax bill
ReutersLONDON (Reuters) - Apple's ability to shelter billions of dollars of income from tax has depended on an unusual loophole in the Irish tax code that helps the country compete with other countries for investment and jobs. A U.S. Senate investigation...Tags: Amazon.com Inc., Colleges and Universities, Dublin (Ireland), Finance, Annual and Special Corporate Meetings
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CORRECTED-FACTBOX-Apple, Amazon, Google and tax avoidance schemes
Reuters(Corrects Starbucks revenue figure) BRUSSELS, May 22 (Reuters) - European leaders meet on Wednesday to discuss tax policy and specifically their concerns over how a number of high-profile international companies have managed to pay next to no tax on...Tags: Google Inc., Amazon.com Inc., U.S. Senate, Republic of Ireland, Apple Inc.
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Factbox: Apple, Amazon, Google and tax avoidance schemes
ReutersBRUSSELS (Reuters) - European leaders meet on Wednesday to discuss tax policy and specifically their concerns over how a number of high-profile international companies have managed to pay next to no tax on their vast sales revenue generated in Europe....Tags: Google Inc., U.S. Senate, Amazon.com Inc., Republic of Ireland, Apple Inc.
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Luxembourg agrees to end bank secrecy with U.S. authorities
ReutersBRUSSELS (Reuters) - Luxembourg has agreed to automatically exchange information with United States tax authorities about the bank accounts held by U.S. citizens and residents, the finance ministry said on Tuesday. In April, Luxembourg announced an end...Tags: European Union
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FACTBOX-The 2013 Eurovision Song Contest
ReutersMay 17 (Reuters) - Malmo in Sweden is to host the grand final of the 58th Eurovision Song Contest on Saturday. Here are some facts about song contest: * The first contest took place in 1956. It was originally conceived in Monaco by Marcel Bezencon...Tags: Sweden, Eurovision Song Contest (tv program), Republic of Ireland, Swiss Confederation, Music
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After Google, Amazon to be grilled on UK tax presence
ReutersLONDON (Reuters) - Internet retailer Amazon.com Inc. will be called back to the British parliament to clarify how its activities in the UK justify its low corporate income tax bill, two lawmakers told Reuters. Amazon will follow search giant Google,...Tags: Amazon.com Inc., Parliament, Labor Legislation, Career and Workplace, Crime, Law and Justice
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Austria edges towards ending banking secrecy
ReutersBRUSSELS (Reuters) - Austria edged closer to ending bank secrecy for foreigners on Tuesday, bringing it into line with the rest of the EU, saying it would not block talks between the European Union and countries such as Switzerland over sharing bank...Tags: Vienna (Austria), Austria, Swiss Confederation, Economy, Business and Finance, Banking
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Swiss bankers drop opposition to information exchange
Reuters* Position shift comes after German tax deal failed * Swiss under pressure after Luxembourg, Austria loosen secrecy * Banking association head hopes for U.S. deal soon ZURICH, May 6 (Reuters) - The Swiss Bankers Association has dropped its outright...Tags: Austria, Swiss Confederation, G20, Economy, Business and Finance, Finance
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Luxembourg seeks to overcome tax haven stigma
Reuters* Finance minister says fighting tax evasion top of agenda * EU Commission welcomes further steps on transparency BRUSSELS, April 30 (Reuters) - Luxembourg is willing to discuss international moves to stop big companies using cross-border tactics to...Tags: Google Inc., Economy, Business and Finance, Finance, Politics, Microsoft Corporation
May 23, 2013
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May 22, 2013
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May 22, 2013
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May 22, 2013
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May 22, 2013
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May 22, 2013
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May 21, 2013
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May 17, 2013
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May 17, 2013
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May 14, 2013
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May 6, 2013
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Apr 30, 2013
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