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EU leaders shine spotlight on Amazon, Google over tax policy
Reuters* European leaders meet to discuss tax, energy policy * Tax avoidance schemes by major companies on agenda * EU losing 1 trillion euros a year to tax avoidance, evasion * OECD report urges EU to tackle aggressive tax planning By Luke Baker BRUSSELS,...Tags: Francois Hollande, David Cameron, Politics, Google Inc., Starbucks Corp.
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Morrisons falls after UBS confirms placing
ReutersLONDON (Reuters) - Shares in Britain's No.4 grocer Wm Morrison Supermarkets fell 3 percent on Wednesday after UBS confirmed it had placed around 100 million shares in the firm at 280 pence for an institutional seller. The sale represents a 4.4 percent... -
Britain's FTSE slips on profit-taking at 13-year highs
ReutersLONDON (Reuters) - Britain's FTSE 100 weakened early on Wednesday after hitting 13-year highs the previous session, as investors took profits in outperforming sectors such as technology and luxury. By 6.20 a.m. ET, London's blue chip index was down 8....Tags: Earnings Forecasts, U.S. Congress, Central Bank, Intel Corp., Credit Ratings
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IMF urges Britain to do more to boost growth
ReutersBy William Schomberg and David Milliken LONDON, May 22 (Reuters) - The International Monetary Fund called on Britain's government on Wednesday to do more to speed up slow economic recovery, hinting that the country might be able to afford to borrow...Tags: European Union, Finance, David Cameron, Politics, Economy, Business and Finance
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UK wine retailer First Quench in $242 million pension risk deal
ReutersLONDON (Reuters) - British alcoholic drinks retailer First Quench is insuring a chunk of its pension liabilities with specialist provider Pension Insurance Corporation, improving retirement benefits for its 1,966 members. A growing number of "final...Tags: Pension and Welfare, Finance, Politics, Economy, Business and Finance, Interior Policy
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UK coalition to last despite rifts, infighting: deputy PM
ReutersLONDON (Reuters) - Britain's deputy prime minister on Wednesday took the unusual step of holding a news conference to say the country's two-party coalition would hold together until 2015 as he tried to stabilize a government beset by infighting and rifts....Tags: David Cameron, Government, Parties and Movements, Parliament, Conservative Party (UK)
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'Investment calculator' offers UK investors transparency on fees
ReutersLONDON (Reuters) - A new tool launched on Wednesday promises British investors a way to cut through what its authors call the "smoke and mirrors" used by investment firms to charge hidden fees and get a more realistic valuation of their investments....Tags: Investments, U.S. Securities and Exchange Commission, Finance, Economy, Business and Finance, New Products
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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: Dublin (Ireland), Finance, G20, Intel Corp., Amazon.com Inc.
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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., Vodafone Group Plc, Starbucks Corp., Amazon.com Inc., E-Commerce Industry
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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., Vodafone Group Plc, Starbucks Corp., Amazon.com Inc., E-Commerce Industry
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Silver coffee pot could set $6 mln record at auction
ReutersLONDON, May 22 (Reuters) - An 18th century silver Rococo coffee pot is expected to become the most valuable piece of English silver ever sold at auction when it goes up for sale in July, auction house Christie's said. The ornate George II pot made in...Tags: England, Auction Service, Huguenot
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