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are fine under luxembourg law. the european commission are saying, wait a minute. if you look at arrangements other companies have in luxembourg this is not the same, therefore this constitutes illegal state aid. so luxembourg will have to recover the money potentially from know this is we know this is why is the commission getting involved, is there not the next element that jean—claude juncker was prime minister of luxembourg? he's working against his own government's decisions, in a way. the european parliament has in the last couple of yea rs parliament has in the last couple of years become increasingly frustrated with national governments. it can't stop them competing to attract businesses, for example by offering lower tax rates. it doesn't it has. why is the commission getting involved, is there not the next element thatjean—claude juncker was prime minister of luxembourg? he's working against his own government's decisions, in a way. the european parliament has in the last couple of yea rs parliament h
are fine under luxembourg law. the european commission are saying, wait a minute. if you look at arrangements other companies have in luxembourg this is not the same, therefore this constitutes illegal state aid. so luxembourg will have to recover the money potentially from know this is we know this is why is the commission getting involved, is there not the next element that jean—claude juncker was prime minister of luxembourg? he's working against his own government's decisions, in a way....
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presumably luxembourg will do the same thing?” luxembourg will do the same thing?|j think luxembourg will do the same thing?” think this will be a multi—year affairand in the think this will be a multi—year affair and in the meantime there are going to be other companies coming into the firing line. do you remember a leak from years ago the name 300 companies that had tax avoidance strategies. there will be more companies coming up and, in the meantime, amazon will be fighting as will luxembourg. the result probably is that there will be no admission of guilt, what the commission are trying to achieve here is a fair rate of tax for these companies and probably the countries will have to adjust their tax rate and avoid these sweetheart deals. this one was called a goldcrest project, it was a lot of intrigue and there will probably be less intrigue in the future. as soon as we get any announcement from the european commission today we will keep you right across the here on the bbc. moving on now to the latest bank in the firing line, the boss of wells fargo who
presumably luxembourg will do the same thing?” luxembourg will do the same thing?|j think luxembourg will do the same thing?” think this will be a multi—year affairand in the think this will be a multi—year affair and in the meantime there are going to be other companies coming into the firing line. do you remember a leak from years ago the name 300 companies that had tax avoidance strategies. there will be more companies coming up and, in the meantime, amazon will be fighting as will...
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amazon and luxembourg both deny this and amazon said they are now looking at all of the options to combat this decision, including a legal appeal. $290 million in back taxes, do you think the european commission can collect these huge sums of money from amazon? rico, remember the european regulators ordered apple to pay a record amount of money in back taxes to island. dublin was meant to collect that money in early january of this year, they haven't done it yet, and that's why they've been ordered to go to europe's highest court so the answer to that is maybe they'll get their money back but only after a long legalfight. they'll get their money back but only after a long legal fightm will be a long process! what about other multinationals, are they also being investigated by the european commission? the europeans have launched four different probes since 2014, apple in ireland, we talked about that already, starbucks has come under investigation with their dealings in the netherlands and fiat was investigated over their dealings with luxembourg, amazon is the fourth, and the europeans ar
amazon and luxembourg both deny this and amazon said they are now looking at all of the options to combat this decision, including a legal appeal. $290 million in back taxes, do you think the european commission can collect these huge sums of money from amazon? rico, remember the european regulators ordered apple to pay a record amount of money in back taxes to island. dublin was meant to collect that money in early january of this year, they haven't done it yet, and that's why they've been...
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from warehouses across europe almost a decade i was in a channel of the sales through luxembourg the e.u. says it had a special deal that meant it paid less tax than other companies use also taking action against arlen to make it came back more than fifteen billion dollars by apple today's decision to order luxembourg to recover unpaid tax from amazon and refer ireland to the you caught for failing to recover on pay tax from apple. i hope that. both decisions see. message that companies must pay their fair share of taxes as the huge majority of companies do it's been a new round of antigovernment protests in the west african nation of togo the streets of the capital no men went quiet with shops and businesses closing down to demand the president going to stand down after twelve years of rule they also want presidents only to be able to run for two terms in nursing the family's been in
from warehouses across europe almost a decade i was in a channel of the sales through luxembourg the e.u. says it had a special deal that meant it paid less tax than other companies use also taking action against arlen to make it came back more than fifteen billion dollars by apple today's decision to order luxembourg to recover unpaid tax from amazon and refer ireland to the you caught for failing to recover on pay tax from apple. i hope that. both decisions see. message that companies must...
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the small landlocked nation of luxembourg has a special offer for you and it's called asteroid mining there is no need for rockets or any scientific achievements all you gotta do is set up a company get the government's approval and your well on your way to the stars there are countless asteroids flying past our planet all loaded with precious minerals like platinum a recent one was estimated seven hundred million tons of it at seventy bucks a gram you could get lost in the zeroes now luxemburg provides all the legal framework all you got to do is pay the taxes five companies are already on board and sixteen more are in the process and luxembourg is not alone in this venture the united states call did was on its monopoly over asteroids in twenty fifteen by introducing the space resource exploration and utilization act so let's get this straight the united states and luxembourg both provide tax exclusive rights to mine asteroids everyone's happy not you see in one thousand nine hundred sixty seven members of the united nations signed the outer space treaty and here is what it stated ou
the small landlocked nation of luxembourg has a special offer for you and it's called asteroid mining there is no need for rockets or any scientific achievements all you gotta do is set up a company get the government's approval and your well on your way to the stars there are countless asteroids flying past our planet all loaded with precious minerals like platinum a recent one was estimated seven hundred million tons of it at seventy bucks a gram you could get lost in the zeroes now luxemburg...
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in luxembourg it is twice as much. there is a lot of confidence that europe is going to grow and this is ater, reliable partner and good economy for the future. julia: the problem is, the ongoing discussions with the u.k., negative headlines in the region. we have chancellor philip hammond calling brussels, the e.u., other e.u. nations the enemy, in the past week. do you feel that kind of standoff is going to achieve brexit talks? and is he being penalized? pierre: there are a few i am not going to mention that want to punish the u.k. because their people have decided to leave the european union. we believe that is not the right approach. we have to find a solution. we have to make sure that even after the brexit, the business relationship is good. i have many ideas how that can be done. luxembourg is reaching out and saying, we must be on the cooperative approach because it is in the best interest of the u.k. and the e.u. 2020 summit. you you leave the group, cannot pretend to have exactly the same advantages and use
in luxembourg it is twice as much. there is a lot of confidence that europe is going to grow and this is ater, reliable partner and good economy for the future. julia: the problem is, the ongoing discussions with the u.k., negative headlines in the region. we have chancellor philip hammond calling brussels, the e.u., other e.u. nations the enemy, in the past week. do you feel that kind of standoff is going to achieve brexit talks? and is he being penalized? pierre: there are a few i am not...
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the small landlocked nation of luxembourg has a special offer for you and it's called asteroid mining there is no need for rockets or any scientific achievements all you gotta do is set up a company get the government's approval and your well on your way to the stars there are countless asteroids flying past our planet all loaded with precious minerals like platinum a recent one was estimated seven hundred million tons of it at seventy bucks a gram you could get lost in the zeroes now luxemburg provides all the legal framework all you got to do is pay the taxes five companies are already on board and sixteen more are in the process and luxembourg is not alone in this venture united states call did was on its monopoly over asteroids in twenty fifteen by introducing the space resource exploration and utilization act so let's get this straight the united states and luxembourg both provide tax exclusive rights to mine asteroids everyone's happy not you see in one thousand nine hundred sixty seven members of the united nations signed the outer space treaty and here is what it stated outer
the small landlocked nation of luxembourg has a special offer for you and it's called asteroid mining there is no need for rockets or any scientific achievements all you gotta do is set up a company get the government's approval and your well on your way to the stars there are countless asteroids flying past our planet all loaded with precious minerals like platinum a recent one was estimated seven hundred million tons of it at seventy bucks a gram you could get lost in the zeroes now luxemburg...
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ordering amazon to repay 250 million euros it says the online retailer received in illegal state aid from luxembourg. and the china daily reports on a company that is designing office services with no humans so no friendly cashier in the canteen or meeting room booker. with me is mark davies — ceo of strategy consultancy camberton. good morning. let's start with the spanish, catalan independence referendum. the kings intervention dasha he rarely makes televised addresses — he has been accused of coming down on the side of madrid. he has come down on the side of the institution. you would expect him to come down on that side. it is amazing that both side have played this so badly. they called this referendum on the six of september. it was called illegal. they pushed forward with it. the government approached the date so appallingly, it was extraordinary. so there is the king and the president on the other and the catalans. it would have been more sensible to run this a lot longer, run a campaign much as in scotland, and get a better turnout and get a result that looked far more legitimate. yeste
ordering amazon to repay 250 million euros it says the online retailer received in illegal state aid from luxembourg. and the china daily reports on a company that is designing office services with no humans so no friendly cashier in the canteen or meeting room booker. with me is mark davies — ceo of strategy consultancy camberton. good morning. let's start with the spanish, catalan independence referendum. the kings intervention dasha he rarely makes televised addresses — he has been...
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amazon is ordered to repay more than £220 million in back taxes — over an unfair tax deal in luxembourg. and coming up in the sport on bbc news: the england all—rounder ben stokes will miss the ashes if he is still under police investigation when the tour to australia begins. good afternoon and welcome to the bbc news at one. theresa may has delivered a difficult keynote speech to delegates at the conservative party conference in manchester. the prime minister suffered coughing fits throughout the speech, repeatedly struggling with her voice. it was not the only setback for mrs may, who was interrupted by a prankster, who handed her a piece of paper marked p45. in her speech, the prime minister apologised for her party's performance in this year's general election, saying the campaign had been "too scripted, too presidential." and she promised to build a new generation of council houses by investing two billion pounds in affordable housing. our political correspondent alex forsyth reports. some thought she might not make it to this point. after a tough election, it has been a tricky c
amazon is ordered to repay more than £220 million in back taxes — over an unfair tax deal in luxembourg. and coming up in the sport on bbc news: the england all—rounder ben stokes will miss the ashes if he is still under police investigation when the tour to australia begins. good afternoon and welcome to the bbc news at one. theresa may has delivered a difficult keynote speech to delegates at the conservative party conference in manchester. the prime minister suffered coughing fits...
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luxembourg offered tax benefits that were not extended to local companies. both amazon and luxembourg say they may afeel tppeal the rulin. >>> the patriots have unveiled their new plane, the boeing 767 has been dubbed "air kraft." >> not a bad way to travel. >> it's a cool >> -- defense on it. >> ooh! >> you know. then again, how are the giants doing? >> a slow clap for yourself. that is good. >>> coming up right here, ryan gosling and harrison ford open up about their on-camera chemistry in "blade runner 2049." >>> first, the death of a fraternity pledge, was it the result of a hazing ritual? ist first here's a look at today's high temps. >>> "world news now" weather, brought to you by digestive advantage. [joy bauer] two thirds of americans have digestive issues. >>> "world news now" weather, brought to you by digestive advantage. probiotics don't survive your stomach's harsh environment. digestive advantage is different. it's natural protein shell is tougher than your stomach's harsh environment, so it survives a hundred times better
luxembourg offered tax benefits that were not extended to local companies. both amazon and luxembourg say they may afeel tppeal the rulin. >>> the patriots have unveiled their new plane, the boeing 767 has been dubbed "air kraft." >> not a bad way to travel. >> it's a cool >> -- defense on it. >> ooh! >> you know. then again, how are the giants doing? >> a slow clap for yourself. that is good. >>> coming up right here, ryan gosling...
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10/17
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it's been ordered to pay 250 million euros to luxembourg. the company says it's acted in full accordance with the law. well, let's start by discussing that fine for amazon. the latest example of the european commission flexing its muscles against an american technology giant. and, george, they're flexing their muscles but not necessarily in the interest of some of the countries involved? that's arguable i suppose. they've been ordered to pay back this money to luxembourg, but in the end, the european commission is doing a good job. the european citizens expect these multinational companies to be paying theirfair share of taxes and we've seen the european commission go after microsoft, after google, after amazon and in a way it reinforces the sense that the european union does have that economic muscle to take on those big american companies. it's got the world's richest market, 500 million people, and the competition department of the european commission is the one area where they really do wield some power. and is this a sign that national
it's been ordered to pay 250 million euros to luxembourg. the company says it's acted in full accordance with the law. well, let's start by discussing that fine for amazon. the latest example of the european commission flexing its muscles against an american technology giant. and, george, they're flexing their muscles but not necessarily in the interest of some of the countries involved? that's arguable i suppose. they've been ordered to pay back this money to luxembourg, but in the end, the...
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of illegal state aid or they weren't really paying taxes in luxembourg. it kind of echoes a lot of similar cases you have seen with regulators ramp in the not scrutiny with the major u.s. tech giants as well as non-tech comes to me as to starbucks operated in the e.u. cheryl: they are also taking ireland to the european court of justice art laffer covering 15.3 billion taxes from apple. where does that stand? >> yeah, that is being put on since august of last year. we still don't have complete resolution there. but it's interesting what the numbers and apple are much bigger from an investor's standpoint, what it means is a surer of earnings could be much bigger and that's what you see a bit more reaction on the amazon share price this morning. lauren: jeff bezos is counting his pennies now. thank you for putting it into perspective for us. cheryl:.is it for us. thank you for watching "fbn:am" this morning. i would like to send it out on trip over right now to memory apart a robot. maria: thank you for joining us this morning. maria bartiromo wednesday, oc
of illegal state aid or they weren't really paying taxes in luxembourg. it kind of echoes a lot of similar cases you have seen with regulators ramp in the not scrutiny with the major u.s. tech giants as well as non-tech comes to me as to starbucks operated in the e.u. cheryl: they are also taking ireland to the european court of justice art laffer covering 15.3 billion taxes from apple. where does that stand? >> yeah, that is being put on since august of last year. we still don't have...
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but at a meeting in luxembourg today, eu ministers warned there is still much work to do before things can move on. everybody wants this process to move forward , everybody wants this process to move forward, but there is a structured in negotiations. that structure is clear, there needs to be sufficient progress under three key issues in phase one before we can move on to phase one before we can move on to phase two. you need this progress and then it is important that we already can prepare now what could be the next stage. i think that is also important for the uk. satisfying all those involved in the negotiation is proving tough and time—consuming. everyone is keen to get a deal but no one is clear yet how they will do it. in a moment we'll speak to our assistant political editor norman smith in westminster, but first, let's go to luxembourg and adam fleming. accelerate these talks, that is what we keep hearing about the clock is ticking and no sign of acceleration just yet. well, the eu affairs minister is arriving here in luxembourg this morning, talking as they walked into the
but at a meeting in luxembourg today, eu ministers warned there is still much work to do before things can move on. everybody wants this process to move forward , everybody wants this process to move forward, but there is a structured in negotiations. that structure is clear, there needs to be sufficient progress under three key issues in phase one before we can move on to phase one before we can move on to phase two. you need this progress and then it is important that we already can prepare...
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it's been ordered to pay 250 million euros to luxembourg. the company says it's acted in full accordance with the law. well, let's start by discussing that fine for amazon. the latest example of the european commission flexing its muscles against an american technology giant. and, george, they're flexing their muscles but not necessarily in the interest of some of the countries involved? that's arguable i suppose. they've been ordered to pay back this money to luxembourg, but in the end, the european commission is doing a good job. the european citizens expect these multinational companies to be paying their fair share of taxes and we've seen the european commission go after microsoft, after google, after amazon and in a way it reinforces the sense that the european union does have that economic muscle to take on those big american companies. it's got the world's richest market, 500 million people, and the competition department of the european commission is the one area where they really do wield some power. and is this a sign that national
it's been ordered to pay 250 million euros to luxembourg. the company says it's acted in full accordance with the law. well, let's start by discussing that fine for amazon. the latest example of the european commission flexing its muscles against an american technology giant. and, george, they're flexing their muscles but not necessarily in the interest of some of the countries involved? that's arguable i suppose. they've been ordered to pay back this money to luxembourg, but in the end, the...
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luxembourg gave illegal tax breaks to amazon, they said in a statement, and as a result, almost three quarters of amazon's profits were not taxed. the european commission, the eu's enforcement branch concluded after a three-year investigation that luxembourg had allowed amazon in 2003 to shift assets from a subsidiary that's subject to taxation to another that's not. the eu prohibits states from offering tax breaks that are not available to others. amazon denied it had received special treatment and insisted it had followed the law. that from the hill today. >> house democrats gathered on the u.s. capitol steps this morning to call for legislation to prevent gun violence. former arizona congresswoman gabrielle giffords was shot done a constituent event in 2011, joined the lawmakers. >> good morning. thank you for being here this morning. this congress has failed the american people. after charleston and orlando, now las vegas, how many more must die? 100? 1,000? 10,000? a million? what is your blood price? how many more must die? how many mothers and fathers, sisters and brothers, son
luxembourg gave illegal tax breaks to amazon, they said in a statement, and as a result, almost three quarters of amazon's profits were not taxed. the european commission, the eu's enforcement branch concluded after a three-year investigation that luxembourg had allowed amazon in 2003 to shift assets from a subsidiary that's subject to taxation to another that's not. the eu prohibits states from offering tax breaks that are not available to others. amazon denied it had received special...
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commission is also ordering amazon to pay two hundred fifty million euros in back taxes to luxembourg vest august at the small western european country had granted the online shopping giant an illegal tax break meaning almost three quarters of its profits had gone taxed so the e.u. commission seems to mean business but why now well let's ask our brussels correspondent bob. both ireland and luxembourg and holland as well of course they're all know that for their generous tax rules in order to attract big corporations why is the european commission having a problem with it now. it's not having a problem now but it's going through the back catalogue and sort of making little points into all those cases that have been thrown up particularly if we remember three years ago as to the looks leagues of scandals where that which was one of those cases where the european commission suddenly had to look at all these practices and say no this can't be true this cannot be allowed those are cases of illegal state aid they are big big multinational companies are being favored by those states as oppos
commission is also ordering amazon to pay two hundred fifty million euros in back taxes to luxembourg vest august at the small western european country had granted the online shopping giant an illegal tax break meaning almost three quarters of its profits had gone taxed so the e.u. commission seems to mean business but why now well let's ask our brussels correspondent bob. both ireland and luxembourg and holland as well of course they're all know that for their generous tax rules in order to...
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what exactly are the social a fan minister in luxembourg discussing today. they're looking today into a proposal by the european commission to reform the posted worker a directive and that goes back to an initiative taken by the french president in particular but supported by many particularly western european countries the rich nations inside europe if you want who wants to eliminate unfair competition now the reason for that is we've seen in the report the example of. a builder but you can also take a carpenter let's say from bulgaria who is only needs to be paid the minimum wage if for instance he works here in belgium now the in addition to that he only has to pay the taxes back in his home country in bulgaria and also the social charges and that gives him a comparative competitive advantage that local companies contextually compete with so the idea of the ministers is now to restrict that post that worker status to to potentially even just one year and the big concern that eastern european countries in the e.u. have was that is that this would actually
what exactly are the social a fan minister in luxembourg discussing today. they're looking today into a proposal by the european commission to reform the posted worker a directive and that goes back to an initiative taken by the french president in particular but supported by many particularly western european countries the rich nations inside europe if you want who wants to eliminate unfair competition now the reason for that is we've seen in the report the example of. a builder but you can...
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what exactly are the social a fan minister in luxembourg discussing today. they're looking today into a proposal by the european commission to reform the posted worker a directive and that goes back to an initiative taken by the french president in particular but supported by many particularly western european countries the rich nations inside europe if you want who wants to eliminate unfair competition now the reason for that is we've seen in the report the example of. a builder but you can also take a carpenter let's say from bulgaria who is only needs to be paid the minimum wage if for instance he works here in belgium now the in addition to that he only has to pay the taxes back in his home country in bulgaria and also the social charges and that gives him a comparative competitive advantage that local companies can actually compete with so the idea of the ministers is now to restrict that post that worker status to to potentially even just one year and the big concern that eastern european countries in in the e.u. half was that is that this would actual
what exactly are the social a fan minister in luxembourg discussing today. they're looking today into a proposal by the european commission to reform the posted worker a directive and that goes back to an initiative taken by the french president in particular but supported by many particularly western european countries the rich nations inside europe if you want who wants to eliminate unfair competition now the reason for that is we've seen in the report the example of. a builder but you can...
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in the spotlight this time — luxembourg. it has been accused of offering illegal tax breaks to amazon. the decision is not against the retail giant itself, but against luxembourg, which can be forced to present amazon with a bill for the alleged back taxes. the case echoes a similar ruling against ireland, forcing it to claim 13 billion euro, or $15.3 billion, from apple. a decision which has been appealed by both the country and the company. we will have a discussion about this latest move on the part of the competition commission in europe in world business report. the boss of wells fargo was grilled by us lawmakers over the steps taken to change the bank‘s corporate culture. a culture that led to the creation of three and a half million fake accounts over eight years. the hearing comes just a year since the former wells fargo chief executive appeared before the same senate banking committee. if he was expecting a warmer reception mr sloan was disappointed. we will have a full report in wbr. the vatican is meeting child
in the spotlight this time — luxembourg. it has been accused of offering illegal tax breaks to amazon. the decision is not against the retail giant itself, but against luxembourg, which can be forced to present amazon with a bill for the alleged back taxes. the case echoes a similar ruling against ireland, forcing it to claim 13 billion euro, or $15.3 billion, from apple. a decision which has been appealed by both the country and the company. we will have a discussion about this latest move...
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commission is also ordering amazon to pay two hundred fifty million euros in back taxes to luxembourg for starters said the small western european country had granted the online shopping giant an illegal tax break meaning almost three quarters of its profits have gone on taxed now the u. commision seems to be getting impatient with the tax tricks of big multinationals but also with member states that actors tax havens so let's bring in our brussels correspondent barbara vessel barbara ireland was ordered to collect this tax bill from apple more than a year ago by the commission what was the hold up island doesn't want to do that it's as simple as that because the government in dublin said this is what our tax laws are and we protest and they went to the european court of justice to sort of go against this first ruling last year however the point is that going to court in protesting against the ruling from brussels doesn't necessarily mean that there is a suspense of effect they have to collect this money and thirteen billion i mean even for apple that's money and nonprofit says we're
commission is also ordering amazon to pay two hundred fifty million euros in back taxes to luxembourg for starters said the small western european country had granted the online shopping giant an illegal tax break meaning almost three quarters of its profits have gone on taxed now the u. commision seems to be getting impatient with the tax tricks of big multinationals but also with member states that actors tax havens so let's bring in our brussels correspondent barbara vessel barbara ireland...
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the european union ordering the company to pay back about 3$300 million in back taxes to luxembourg the european competition commission says the retailer was given an unfair tax advantage from 2003. this is a drop in the bucket for amazon in terms of the amount, 294 million, but it does signal the eu is serious about going after big technology companies for back taxes i think this whole idea of antitrust regulation, lawmakers shining a spotlight on the u.s. and in europe on these big tech companies that are -- >> good yes, sir >> that are monopolyish characters, they have become e huge, it's out there >> we'll watch amazon shares that could be part of the story. >> switching focus, must-read stories catching our attention mine is titled trump and the fed. the editorial board writing all of this, their discussion of it, it would make it a stun fer mr. trump bet on the yellen powell fed for the next four years. it would be comparable to promising a presidential candidate nominating antonin scalia to the supreme court and then nominating a younger version of ruth bader ginsburg so going th
the european union ordering the company to pay back about 3$300 million in back taxes to luxembourg the european competition commission says the retailer was given an unfair tax advantage from 2003. this is a drop in the bucket for amazon in terms of the amount, 294 million, but it does signal the eu is serious about going after big technology companies for back taxes i think this whole idea of antitrust regulation, lawmakers shining a spotlight on the u.s. and in europe on these big tech...
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luxembourg, apple and amazon can actually appeal the decision. even if they had to pay $300 million for amazon, sure, is a lot of money, but not necessarily for amazon, and the same for apple. we're talking roughly $13 billion. apple sitting on a cash flow of about $250 billion, in most of that is overseas anyhow. wall street is not super concerned. amazon actually gained 1%. christoph: jens in new york, thank you. the european commission also has to decide on whether or not to extend the license for glyphosate. is a highly controversial chemical that the world health organization listed as cancer-causing in 2015. it could be a heavy epochal to monsanto, as glyphosate is the main agreement -- ingredient in round up. reporter: a cotton farmer in the u.s. has a stern warning for brussels. he is fighting cancer in trying to prove in court his disease was caused by the wheat killer, round up. life thousands of farmers worldwide he used the pesticides for decades and was always told it was safe. >> i expose my sons to round up when i was farming. i wo
luxembourg, apple and amazon can actually appeal the decision. even if they had to pay $300 million for amazon, sure, is a lot of money, but not necessarily for amazon, and the same for apple. we're talking roughly $13 billion. apple sitting on a cash flow of about $250 billion, in most of that is overseas anyhow. wall street is not super concerned. amazon actually gained 1%. christoph: jens in new york, thank you. the european commission also has to decide on whether or not to extend the...
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but it was authorised by the luxembourg government so as far as amazon was concerned, it was perfectly legal. the commission has decided it is an artificial substitute and other companies would be able to have this kind of deal so luxembourg have to go back to amazon and recover that money. ina in a moment, all the business news but our latest bbc news headlines before that. one of the most gruelling speeches of her career, as theresa may tries to unite her party at the conservative party conference. police in los angeles have released footage of the first responders to the mass shooting. the shooter set up the mass shooting. the shooter set up cameras around his hotel room to watch the police approach. catalonia will declare independence from spain within days, the region's leader tells the bbc, following sunday's disputed referendum. hello. this is the business news. shares in energy companies have been falling after theresa may promised a cap on energy prices. annual bills have doubled over the past decade to an average of about £1,200. mrs may said the energy market was "broken".
but it was authorised by the luxembourg government so as far as amazon was concerned, it was perfectly legal. the commission has decided it is an artificial substitute and other companies would be able to have this kind of deal so luxembourg have to go back to amazon and recover that money. ina in a moment, all the business news but our latest bbc news headlines before that. one of the most gruelling speeches of her career, as theresa may tries to unite her party at the conservative party...
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brylin show luxembourg district is an affluent residential neighborhood home to lots of celebrities politicians and diplomats. then moshe's restaurant is in a side street on the ground floor of an apartment block from the one nine hundred seventy s. the premises used to house a gym glass opened in twenty thirteen. gavin moshe came up with the interior design himself he wanted to give his eatery the feel of a modern bistro. the kitchen is behind a mirrored screen. target with pre-k. is one of the restaurants signature dishes. israel is a country with many different cultures jewish muslim christian arab african immigrants from eastern europe and the us also live there this diversity is reflected in the cuisine. israeli cuisine is a mixture of mediterranean european north american and local arab influences. pre-k. is a cereal made from green durham wheat it contains plenty of minerals so it's considered to be very healthy. traffic is a fallacy in which but it is harvest of the bit early and in order to get it to ripen condition where you can in the book it should it's basically rose said on open f
brylin show luxembourg district is an affluent residential neighborhood home to lots of celebrities politicians and diplomats. then moshe's restaurant is in a side street on the ground floor of an apartment block from the one nine hundred seventy s. the premises used to house a gym glass opened in twenty thirteen. gavin moshe came up with the interior design himself he wanted to give his eatery the feel of a modern bistro. the kitchen is behind a mirrored screen. target with pre-k. is one of...
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the european commision has ordered amazon to pay about 250 million euros in back—taxes to luxembourg. the eu says luxembourg gave amazon a sweetheart deal which meant it didn't pay tax on three quarters of its profits. shares in energy companies took a beating after theresa may promised a cap on energy prices. mrs may said the energy market was "broken". richard dunbar from aberdeen asset management joins me now. let's look at those energy prices. what impact will this energy cap or proposed cap have on the company ‘s? it is hard to say. it is not going to be positive in the market has taken a cautious view, with centrica shares down 6% and scottish shares down 3%. the companies are obviously keen to get clarity. that is what centrica is saying, and they want something that is time—limited. it is unhelpful for profits and competition. price capping is not a strategy to normally encourage competition. we still have to find out the details of this cap, but which consumers will benefit most? ofgem are already looking at this market. the surprise today is perhaps that the government h
the european commision has ordered amazon to pay about 250 million euros in back—taxes to luxembourg. the eu says luxembourg gave amazon a sweetheart deal which meant it didn't pay tax on three quarters of its profits. shares in energy companies took a beating after theresa may promised a cap on energy prices. mrs may said the energy market was "broken". richard dunbar from aberdeen asset management joins me now. let's look at those energy prices. what impact will this energy cap or...
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luxembourg a small country to five hundred thousand people. the catalans have twelve times as many people and look somebody that also speaks some kind of german why doesn't he. make the move and ask for germany to integrate to germany then that would be already one stateless if that's his main problem. or leave it there ben the developments from the international commission of european citizens i got to talk to at this time thank you very much indeed thank you. now a think tank called european values has released a damning report about this channel and criticized more than two thousand people who appeared as guests the institute which gets funding from the u.s. and other western governments browns the guest useful idiots auntie's anastasio discussed the report as my colleague neil harvey it's a bit of a surprise for you the bashing continues now in this particular report the issues that artie's guests are having really a dig at themselves this is a report by think tank based in the czech republic called european values report is called the kre
luxembourg a small country to five hundred thousand people. the catalans have twelve times as many people and look somebody that also speaks some kind of german why doesn't he. make the move and ask for germany to integrate to germany then that would be already one stateless if that's his main problem. or leave it there ben the developments from the international commission of european citizens i got to talk to at this time thank you very much indeed thank you. now a think tank called european...
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appreciate your perspective coming out of luxembourg i want to broaden this discussion with christian shultz, economist from citi. the key question is will puigdemont declare independence unilaterally later today or not? what do you think he'll do >> i wish i knew that information. i think there's a range of options from declaration of independence as they promised in the pre-referendum law, it could ab more symbolic move towards independence, which would open the way for talks with spain or it could be even merely that the calling of new elections which will happen any way. for the catalans this referendum has lots of tricky issues. i think it's quite useful for them to call new elections to capitalize on that sympathy that they may have gained over that weekend of violence. if they do declare independence, and spain -- madrid moves in, madrid may declare new elections as well. i think new elections in catalonia in the regional parliament are likely. they may produce changes within that pro-independence coalition which we have running the country, which spans from the left to the rig
appreciate your perspective coming out of luxembourg i want to broaden this discussion with christian shultz, economist from citi. the key question is will puigdemont declare independence unilaterally later today or not? what do you think he'll do >> i wish i knew that information. i think there's a range of options from declaration of independence as they promised in the pre-referendum law, it could ab more symbolic move towards independence, which would open the way for talks with spain...
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of millions of euros in back taxes as it concludes its investigation into the tax arrangement with luxembourg >>> good morning great to have you with us on the show once again. just want to get through some data talking about the eurozone pmi's for the month of september the pmi print came in at 55.7. it seems according to market, the firms in the eurozone built up a big backlog of work, that's encouraging. we had a couple of individual pmis this morning from spain, for example, very interesting given the latest political woes in the country it was the september number, it didn't quite incorporate the events of the last one or two weeks that number at 56.7. that was stronger than expected. the french number, 57 for the services side, that was punchy germany a six-month high, that was in line with expectations as well quick look at the heat map in europe the stoxx 600 is off by just a smidge off by 0.1%. let me show you what the markets are doing one by one you'll see the ibex is underperforming quite a bit. we'll show you that in a second. the ftse mib knin italy is off y 1% the cac is off by
of millions of euros in back taxes as it concludes its investigation into the tax arrangement with luxembourg >>> good morning great to have you with us on the show once again. just want to get through some data talking about the eurozone pmi's for the month of september the pmi print came in at 55.7. it seems according to market, the firms in the eurozone built up a big backlog of work, that's encouraging. we had a couple of individual pmis this morning from spain, for example, very...
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it's ruled that luxembourg gave amazon illegal tax breaks worth around 250 million euros. amazon says it's paid all the money it legally owes. let's hear from the competition commissioner. a tax ruling granted by luxembourg has reduced amazon's tax bill in more than eight years between may 2006 and june 201a. it was notjustified. amazon now has to repay the tax benefit worth around 250 million euros. the company has said in a statement: the prime minister says she's planning a cap on energy prices. she says she's determined to end what she—called "rip off prices. that's really hit the the share price of big energy companies. economist samuel tombs joins me economist samuel tombsjoins me now. he is coming up. what impact will this have on the company ‘s? he is coming up. what impact will this have on the company 's?m he is coming up. what impact will this have on the company 's? it will lead to a squeeze on their profit margins and we have already seen a reactor in the markets in response to the news from the conservatives. that will ease the pressure on household budge
it's ruled that luxembourg gave amazon illegal tax breaks worth around 250 million euros. amazon says it's paid all the money it legally owes. let's hear from the competition commissioner. a tax ruling granted by luxembourg has reduced amazon's tax bill in more than eight years between may 2006 and june 201a. it was notjustified. amazon now has to repay the tax benefit worth around 250 million euros. the company has said in a statement: the prime minister says she's planning a cap on energy...
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so today's decision to order luxembourg to recover unpaid tax from a muslim and refer you to recover on tax from apple. i hope that those decisions see. message that companies must pay their fair share of taxes as the huge majority of companies do. after what he calls overwhelming opposition to fracking scotland's energy minister paul will house told members of parliament that the practice cannot and will not take place in scotland this comes after a lengthy review period according to will house ninety nine percent of the sixty thousand respondents in the public consultation portion of the review were opposed to the practice of using liquids to fracture shale rock deep underground to release fossil fuels scotland allows itself to process shale gas shipped in from foreign countries but an existing ban on extracting it from scottish land has been in place since two thousand and fifteen and will now continue the trade and worker unions there are not happy saying the ruling cost scottish jobs in oil and gas sector the b.m.g. trade union secretary for scotland gary smith says the governme
so today's decision to order luxembourg to recover unpaid tax from a muslim and refer you to recover on tax from apple. i hope that those decisions see. message that companies must pay their fair share of taxes as the huge majority of companies do. after what he calls overwhelming opposition to fracking scotland's energy minister paul will house told members of parliament that the practice cannot and will not take place in scotland this comes after a lengthy review period according to will...
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adam fleming there from luxembourg. after 33 years, the bbc has confirmed it's going to drop the night—time version of crimewatch. instead, it says it will increase the number of episodes it makes of the ‘rimewatch roadshow which will be broadcast during the day. keith doyle reports. this is about real—life crime, not the stuff of fiction. it's been a cornerstone of the bbc schedule since it was first broadcast in 1984, reconstructing crimes and appealing for public help. first hosted by nick ross, some of the bbc‘s biggest names have fronted the show, including jill dando. real crime cctv footage and mugshots of britain's most wanted got the public‘s assistance, and crimewatch helped bring many criminals tojustice, including the killers ofjames bulger, and michael sams, who murdered julie dart first hosted by nick ross, some of the bbc‘s biggest names have fronted the show, including jill dando. five arrests in this last month, all as a direct result of viewers' calls. her murder in 1999 also becoming a cri
adam fleming there from luxembourg. after 33 years, the bbc has confirmed it's going to drop the night—time version of crimewatch. instead, it says it will increase the number of episodes it makes of the ‘rimewatch roadshow which will be broadcast during the day. keith doyle reports. this is about real—life crime, not the stuff of fiction. it's been a cornerstone of the bbc schedule since it was first broadcast in 1984, reconstructing crimes and appealing for public help. first hosted by...
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so today's decision to order luxembourg to recover unpaid tax from a mission and refer you to recover on the tax from apple. i hope that those decisions see as a message that companies must pay their fair share of taxes as the huge majority of come from these do. after what he calls overwhelming opposition to fracking scotland's energy minister paul will house told members of parliament that the practice cannot and will not take place in scotland this comes after a lengthy review period according to will house ninety nine percent of the sixty thousand respondents in the public consultation portion of the review were opposed to the practice of using liquids to fracture shale rock deep underground to release fossil fuels scotland allows itself to process shale gas shipped in from foreign countries but an existing ban on extracting it from scottish land has been in place since two thousand and fifteen and will now continue the trade in worker unions there are not happy saying the ruling cost scottish jobs in oil and gas sector the b.m.g. trade union secretary for scotland gary smith says
so today's decision to order luxembourg to recover unpaid tax from a mission and refer you to recover on the tax from apple. i hope that those decisions see as a message that companies must pay their fair share of taxes as the huge majority of come from these do. after what he calls overwhelming opposition to fracking scotland's energy minister paul will house told members of parliament that the practice cannot and will not take place in scotland this comes after a lengthy review period...
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it says luxembourg approved an arrangement which allowed the company to avoid taxes on most of its eu profits for many years. a homeless man, aaron barley who murdered tracey wilkinson and her son pierce in stourbridge in the west midlands after the family had cared for him, has been given a life sentence with a minimum term of 30 years. an army fitness instructor, emile cillers, has gone on trial at winchester crown court accused of trying to kill his wife by tampering with her parachute. victoria cilliers almost died when both her main and reserve parachute failed to open. mr cillers denies all charges against him. today marks the start of an extended roll—out of universal credit, the new welfare payment which aims to simplify the benefits system by merging six benefits into one. it will be introduced to a5job centres this month and 50 a month from now on. but critics says a 6—week wait— before claimants can receive their money is pushing more people into debt. but in scotland claimants are being offered new ways to manage the money they receive, as our scotland editor sarah s
it says luxembourg approved an arrangement which allowed the company to avoid taxes on most of its eu profits for many years. a homeless man, aaron barley who murdered tracey wilkinson and her son pierce in stourbridge in the west midlands after the family had cared for him, has been given a life sentence with a minimum term of 30 years. an army fitness instructor, emile cillers, has gone on trial at winchester crown court accused of trying to kill his wife by tampering with her parachute....
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amazon sold goods from warehouses across europe for almost a decade and channeled the sales through luxembourg the e.u. says it had a special deal it meant to pay less tax than other companies the european union is also taking action against ireland to make it claim back around fifteen billion dollars from apple today's decision to order luxembourg to recover and pay tax from. angry for ireland to the e.u. for failing to recover on pay tax from apple. i hope that. both this is seen as message that companies must pay their fair share of taxes as the huge my durex of companies do. britain's prime minister tories i'm a has been trying to raise my ra all of her conservative party's annual conference it was an attempt to move beyond the party's infighting of a briggs it on the poor performance at the election in june but the speech didn't go according to plan as bobby phillips now reports she came to manchester hoping to reestablish or thorazine her final day speech was memorable but not as she would have intended. an apology for june's election campaign in which the conservatives lost their majori
amazon sold goods from warehouses across europe for almost a decade and channeled the sales through luxembourg the e.u. says it had a special deal it meant to pay less tax than other companies the european union is also taking action against ireland to make it claim back around fifteen billion dollars from apple today's decision to order luxembourg to recover and pay tax from. angry for ireland to the e.u. for failing to recover on pay tax from apple. i hope that. both this is seen as message...
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so today's decision is to order luxembourg to recover unpaid tax from a muslim and refer to the phasing to recover on the tax from apple. i hope that those decisions seen as message that companies must pay their fair share of taxes as the huge majority of companies do. after what he calls overwhelming opposition to fracking scotland's energy minister paul will house told members of parliament that the practice cannot and will not take place in scotland this comes after a lengthy review period according to will house ninety nine percent of the sixty thousand respondents in the public consultation portion of the review were opposed to the practice of using liquids to fracture shale rock deep underground to release fossil fuels scotland allows itself though to process shale gas shipped in from foreign countries but an existing ban on extracting it from scottish land has been in place since two thousand and fifteen and will now continue the trade and worker unions there are not happy saying the ruling cost scottish jobs in oil and gas sector the b.m.g. trade union secretary for scotland gar
so today's decision is to order luxembourg to recover unpaid tax from a muslim and refer to the phasing to recover on the tax from apple. i hope that those decisions seen as message that companies must pay their fair share of taxes as the huge majority of companies do. after what he calls overwhelming opposition to fracking scotland's energy minister paul will house told members of parliament that the practice cannot and will not take place in scotland this comes after a lengthy review period...
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so today's decision to order luxembourg to recover unpaid tax from a muslim and refer you to recover on tax from apple. i hope that those decisions seen as message that companies must pay their fair share of taxes as the huge majority of companies do. after what he calls overwhelming opposition to fracking scotland's energy minister paul will house told members of parliament that the practice cannot and will not take place in scotland this comes after a lengthy review period according to will house ninety nine percent of the sixty thousand respondents in the public consultation portion of the review were opposed to the practice of using liquids to fracture shale rock deep underground to release fossil fuels scotland allows itself to process shale gas shipped in from foreign countries but an existing ban on extracting it from scottish land has been in place since two thousand and fifteen and will now continue the trade and worker unions there are not happy saying the ruling costs goddess jobs in oil and gas sector the b.m.g. trade union secretary for scotland gary smith says the gover
so today's decision to order luxembourg to recover unpaid tax from a muslim and refer you to recover on tax from apple. i hope that those decisions seen as message that companies must pay their fair share of taxes as the huge majority of companies do. after what he calls overwhelming opposition to fracking scotland's energy minister paul will house told members of parliament that the practice cannot and will not take place in scotland this comes after a lengthy review period according to will...
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so today's decision to order luxembourg to recover unpaid tax from a muslim and refer you to recover on tax from apple. i hope that those decisions see. message that companies must pay their fair share of taxes as the huge majority of companies do. after what he calls overwhelming opposition to fracking scotland's energy minister paul will house told members of parliament that the practice cannot and will not take place in scotland this comes after a lengthy review period according to will house ninety nine percent of the sixty thousand respondents in the public consultation portion of the review were opposed to the practice of using liquids to fracture shale rock deep underground to release fossil fuels scotland allows itself to process shale gas shipped in from foreign countries but an existing ban on extracting it from scottish land has been in place since two thousand and fifteen and will now continue the trade in worker unions there are not happy saying the ruling cost scottish jobs in oil and gas sector the b.m.g. trade union secretary for scotland gary smith says the governmen
so today's decision to order luxembourg to recover unpaid tax from a muslim and refer you to recover on tax from apple. i hope that those decisions see. message that companies must pay their fair share of taxes as the huge majority of companies do. after what he calls overwhelming opposition to fracking scotland's energy minister paul will house told members of parliament that the practice cannot and will not take place in scotland this comes after a lengthy review period according to will...
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selling goods from warehouses across europe almost a decade i was in a channel of the sales through luxembourg the e.u. says it had a special deal that meant it paid less tax than other companies use also taking action against arlen to make it came back more than fifteen billion dollars by apple today's decision to order luxembourg to recover unpaid tax from amazon and refer ireland to the you caught for failing to recover on pay tax from apple. i hope that. both decisions see. message that companies must pay their fair share of taxes as the huge majority of companies do it's been a new round of antigovernment protests in the west african nation of togo the streets of the capital no men went quiet with shops and businesses closing down to demand the president going to stand down after twelve years of rule they also want presidents only to be able to run for two terms in nursing the family's been in power fifty years last month thousands took to the streets across togo to demand change. so just in the united states say they've made a major breakthrough in detecting cancer with a new handheld de
selling goods from warehouses across europe almost a decade i was in a channel of the sales through luxembourg the e.u. says it had a special deal that meant it paid less tax than other companies use also taking action against arlen to make it came back more than fifteen billion dollars by apple today's decision to order luxembourg to recover unpaid tax from amazon and refer ireland to the you caught for failing to recover on pay tax from apple. i hope that. both decisions see. message that...
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meanwhile luxembourg was also singled out by the commissioner on wednesday with the ruling that it had granted online shopping giant amazon under the tax benefits for the past eight years leaving around three quarters of its profits on taxed. it was not justified and this is now has to repay the tax benefit worth around two hundred fifty million euro's plus interest the commissions position is clear it states that no matter your flag or ownership paying your taxes is part of doing business in the european union. british airline monaco has gone bankrupt following alitalia and is the third major european airline to collapse this year. the message came early on monday a shock to many holiday makers over one hundred thousand tourists stranded many in the mediterranean the government is vowing to bring them home in what it calls the country's biggest ever peacetime repatriation we expect the vast vast majority of one hundred ten thousand. passengers who are currently on holiday with monarch to to come back to the u.k. within the next two weeks not exactly what is expected. britain's fifth b
meanwhile luxembourg was also singled out by the commissioner on wednesday with the ruling that it had granted online shopping giant amazon under the tax benefits for the past eight years leaving around three quarters of its profits on taxed. it was not justified and this is now has to repay the tax benefit worth around two hundred fifty million euro's plus interest the commissions position is clear it states that no matter your flag or ownership paying your taxes is part of doing business in...
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tax rules instead meanwhile luxembourg was also singled out by the commission on wednesday ruling that it has granted online shopping giant amazon on due tax benefits for the past eight years leading around three quarters of its profits untaxed the e.u. says that gave it an unfair advantage over other companies. not justified amazon now has to repay the tax benefit worth around two hundred fifty million euros plus interest the commission's position is clear it states that no matter your flag or ownership paying your taxes is part of doing business in the european union. the crisis in spain over the catalonia independence vote has investors on the edge of their seats most european markets finished wednesday's trading session with losses there was one notable exception germany's benchmark index the dax reached a record high in wednesday's session the only top european index to end in positive territory strong u.s. data and gains from carmakers helped the dax hit the high but it wasn't smooth sailing. i think the worries over catalona catalonia dampened the market and the market lost stea
tax rules instead meanwhile luxembourg was also singled out by the commission on wednesday ruling that it has granted online shopping giant amazon on due tax benefits for the past eight years leading around three quarters of its profits untaxed the e.u. says that gave it an unfair advantage over other companies. not justified amazon now has to repay the tax benefit worth around two hundred fifty million euros plus interest the commission's position is clear it states that no matter your flag or...
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ordered to pay at least 250 million euros in back taxes its european hq its european h0 is based in luxembourg... and it's 60 years to the day since the first man—made satellite — sputnik one — was launched by the russians, marking the start of the space race good morning. welcome to bbc newsroom live. in the next half an hour theresa may is expected to tell her party to "shape up" when she addresses the conservative conference in manchester. she will set out her vision for the uk, while emphasising the need to improve the lives of ordinary working people. other speeches are going on at the conference. we will bring you that speech live when it begins. the leader of catalonia's devolved government has told bbc news that his region will declare independence from spain in a matter of days. the dispute over catalan independence from spain escalated on sunday with violence and protests as voters went to the polls for a controversial referendum. our correspondent jon donnison reports. in barcelona last night a show of strength in numbers. hundreds of thousands of catalans protesting the centr
ordered to pay at least 250 million euros in back taxes its european hq its european h0 is based in luxembourg... and it's 60 years to the day since the first man—made satellite — sputnik one — was launched by the russians, marking the start of the space race good morning. welcome to bbc newsroom live. in the next half an hour theresa may is expected to tell her party to "shape up" when she addresses the conservative conference in manchester. she will set out her vision for the...
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meanwhile luxembourg was also singled out by the commissioner on wednesday with the ruling that it has granted online shopping giant amazon un to tax benefits for the past eight years leaving around three quarters of its profits on taxed. it was not justified and this is now has to repay a tax benefit worth around two hundred fifty million euro plus interest the commission's position is clear. it states that no matter your flag or ownership paying your taxes is part of doing business in the european union. british airline monaco has gone bankrupt following alitalia and is the third major european airline to collapse this year. the message came early on monday a shock to many holiday makers over one hundred thousand tourists stranded many in the mediterranean. the government is vowing to bring them home in what it calls the country's biggest ever peacetime repatriation we expect the vast vast majority of one hundred ten thousand monarch passengers who are currently on holiday with monarch to come back to the u.k. within the next two weeks out that's exactly what is expected britain's fi
meanwhile luxembourg was also singled out by the commissioner on wednesday with the ruling that it has granted online shopping giant amazon un to tax benefits for the past eight years leaving around three quarters of its profits on taxed. it was not justified and this is now has to repay a tax benefit worth around two hundred fifty million euro plus interest the commission's position is clear. it states that no matter your flag or ownership paying your taxes is part of doing business in the...
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companies, multinationals, operate, changing as a result of the eucommission‘s mission to get the likes of luxembourg the likes of sweetheart deals to amazon and apple? this thing started off with ireland in dire straits after the financial crisis in 2008 —09, so to entice amazon and apple on a low rate of tax, 4%, is exciting for them, so they make a lot of money, help the irish economy recover, then the eu says, you are so 13 billion euros in back tax. ireland don't even want them to pay it. and until everyone says tax loopholes are closed, it is all was going to be a negotiation. ireland were playing the game, maybe not to this extent, before the crash. it has been a long—running strategy, rather than just a recovery. will it be levelled out not necessarily by the actions of the european commission but national governments like donald trump who wants to reduce corporation tax in the united states, here in the uk we talked about that, you know, countries competing...? there about that, you know, countries competing... ? there is about that, you know, countries competing...? there is no doubt, b
companies, multinationals, operate, changing as a result of the eucommission‘s mission to get the likes of luxembourg the likes of sweetheart deals to amazon and apple? this thing started off with ireland in dire straits after the financial crisis in 2008 —09, so to entice amazon and apple on a low rate of tax, 4%, is exciting for them, so they make a lot of money, help the irish economy recover, then the eu says, you are so 13 billion euros in back tax. ireland don't even want them to pay...
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meanwhile luxembourg was also singled out by the commissioner on wednesday with the ruling that it has granted online shopping giant amazon un to tax benefits for the past eight years leaving around three quarters of its profits on taxed. it was not justified amazon now has to repay a tax benefit worth around two hundred fifty million euro plus interest the commission's position is clear it states that no matter your flag or ownership paying your taxes is part of doing business in the european union. british airline monaco has gone bankrupt following alitalia and is the third major european airline to collapse this year. the message came early on monday a shock to many holiday makers over one hundred thousand tourists a stranded many in the mediterranean the government is vowing to bring them home in what it calls the country's biggest ever peacetime repatriation we expect the vast vast majority of one hundred ten thousand. passengers who are currently on holiday with monarch to come back to the u.k. within the next two weeks that's exactly what is expected. britain's fifth biggest air
meanwhile luxembourg was also singled out by the commissioner on wednesday with the ruling that it has granted online shopping giant amazon un to tax benefits for the past eight years leaving around three quarters of its profits on taxed. it was not justified amazon now has to repay a tax benefit worth around two hundred fifty million euro plus interest the commission's position is clear it states that no matter your flag or ownership paying your taxes is part of doing business in the european...
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meanwhile luxembourg was also singled out by the commissioner on wednesday with the ruling that it had granted online shopping giant amazon un to tax benefits for the past eight years leaving a round three quarters of its profits on taxed. it was not justified. amazon now has to repay a tax benefit worth around two hundred fifty million euros plus interest the commission's position is clear it states that no matter your flag or ownership paying your taxes is part of doing business in the european union. british airline monaco has gone bankrupt following alitalia and is the third major european airline to collapse this year. the message came early on monday a shock to many holiday makers over one hundred thousand tourists a stranded many in the mediterranean. the government is vowing to bring them home in what it calls the country's biggest ever peacetime repatriation we expect the vast vast majority of one hundred ten thousand monarch passengers who are currently on holiday with monarch to come back to carry within the next two weeks not that's exactly what is expected britain's fifth
meanwhile luxembourg was also singled out by the commissioner on wednesday with the ruling that it had granted online shopping giant amazon un to tax benefits for the past eight years leaving a round three quarters of its profits on taxed. it was not justified. amazon now has to repay a tax benefit worth around two hundred fifty million euros plus interest the commission's position is clear it states that no matter your flag or ownership paying your taxes is part of doing business in the...
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Oct 4, 2017
10/17
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the company had been given a generous deal in luxembourg but the company denies receiving special treatment. the spanish government has rejected calls by mediation in the crisis over catalonia's campaign for independence and says it will not give in to black bow. it was responding to a statement made by the president of catalonia devolved government in which he called for mediation. in strasbourg, the european parliament held special debate on the crisis and the vice president of the european commission described the vote as illegal. respect for the rule of law is not optional, it is fundamental. if the law does not give you what you want, you can pose the law, you can work to change the law but you cannot ignore the law. so it is a fundamental... applause ....soitis applause so it is fundamental applause .... so it is fundamental that applause so it is fundamental that the constitution is of every one of our member states are upheld and respect it. it has been a busy day, particularly in the light of what happened at the conservative party conference. we can give you a look at the newspape
the company had been given a generous deal in luxembourg but the company denies receiving special treatment. the spanish government has rejected calls by mediation in the crisis over catalonia's campaign for independence and says it will not give in to black bow. it was responding to a statement made by the president of catalonia devolved government in which he called for mediation. in strasbourg, the european parliament held special debate on the crisis and the vice president of the european...
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Oct 9, 2017
10/17
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jomana is live from luxembourg that seems like the last hooray from mr. schauble. who will be the main voice in the euro group going forward >> reporter: becky, that's the big question love him or hate him, at the end of the day schauble was the figurehead for the euro group and the foreign ministers. he's been there since 2009 and was the captain of the ship during 2011, 2012 that only feels like it's turning a corner now. perhaps he feels vindicated. you heard us speaking earlier. portugal was one of the hardest hit during the crisis. if you ask them how they feel about schauble pushing at reforms, they said, actually, we did manage to put together this turn around economically the situation is a lot better today and that he will be someone who is missed. he was very well respected by the rest of the committee. now refer to that interview that you mentioned yesterday, schauble said he is interested in maintaining the stability the real challenge for the rest of the euro group going forward is to continue those strengths, continue that era of cooperation and hopef
jomana is live from luxembourg that seems like the last hooray from mr. schauble. who will be the main voice in the euro group going forward >> reporter: becky, that's the big question love him or hate him, at the end of the day schauble was the figurehead for the euro group and the foreign ministers. he's been there since 2009 and was the captain of the ship during 2011, 2012 that only feels like it's turning a corner now. perhaps he feels vindicated. you heard us speaking earlier....
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Oct 16, 2017
10/17
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at a meeting of eu foreign ministers in luxembourg. we think in the uk it is time to get on with these negotiations. it is for the great ship to go down the slipway and into the open sea and for us to start some serious conversations about the future. but as time ticked by during the prime minister's dinner, little progress of that sort was made, at least that's been disclosed. at the end, there were kisses of au revoirfrom the eu commission chief, but no promises of trade talks. no press conference either. instead, this bland joint press statement. the prime minister and the president of the eu commission reviewed the progress made in the article 15 negotiations over, and agreed these efforts should accelerate over the months to come. as she headed out of brussels, theresa may's face said it all. she wants talks to accelerate now. so why won't the eu budge? reports in london, denied by berlin, suggests some eu countries are willing but powerful germany says no. i think this is completely nonsense. the brexit debate in germany is in th
at a meeting of eu foreign ministers in luxembourg. we think in the uk it is time to get on with these negotiations. it is for the great ship to go down the slipway and into the open sea and for us to start some serious conversations about the future. but as time ticked by during the prime minister's dinner, little progress of that sort was made, at least that's been disclosed. at the end, there were kisses of au revoirfrom the eu commission chief, but no promises of trade talks. no press...
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both ireland and luxembourg and holland as well of course they're all know that for their generous tax rules in order to attract big corporations why is the european commission having a problem with it now. it's not having a problem now but it's going through the back catalogue and sort of making little points into all those cases that have been thrown up particularly if we remember three years ago as with the looks leagues scandals where that which was one of those cases where the european commission suddenly had to look at all these practices and say no this can't be true this cannot be allowed those are cases of illegal state aid they are big big multinational companies are being favored by those states as opposed to normal regular local companies or even european companies who don't get the same treatment so this has to stop and now they are just going through the catalog and it's a major exercise of housecleaning more or less what we see you know ok but those big u.s. companies certainly some from silicon valley are already threatened that it would invest less in those countries i
both ireland and luxembourg and holland as well of course they're all know that for their generous tax rules in order to attract big corporations why is the european commission having a problem with it now. it's not having a problem now but it's going through the back catalogue and sort of making little points into all those cases that have been thrown up particularly if we remember three years ago as with the looks leagues scandals where that which was one of those cases where the european...