[Ticker] Juncker to work for 'fair taxation' after latest LuxLeaks

van EU Observer - wo, 12/10/2014 - 12:28
"The EU commission will continue to work for fair taxation, as (President) Jean-Claude Juncker has said," a spokesman for the EU commission said Wednesday after the publication of new revelations into Luxembourg's tax schemes allowing Skype and other companies to dodge taxes, at a time when Juncker was PM.

Categorieën: Europees nieuws

Canada's Strict New Anti-Corruption Rules Might Lead To Yet More Corporate Sovereignty Lawsuits Against It

van TechDirt - wo, 12/10/2014 - 10:07

Recently, we wrote about the extraordinary free trade agreement between Canada and China that places itself above the Canadian constitution. Here's another development where Canada can serve as a warning to the rest of the world about the dangers of giving too much power to corporations in free trade agreements, as reported by the The Globe and Mail: Canada risks being hit with a World Trade Organization challenge and NAFTA investor lawsuits over its threat to bar some companies from selling to the government for up to 10 years, warns a report commissioned by the Canadian Council of Chief Executives (CCCE) and delivered to federal officials.

And a number of foreign multinationals are already exploring possible trade action, according to an industry source, who declined to be named.
The problem is that Canada has introduced new anti-corruption rules: Under the newly revised federal regime, companies seeking to bid on federal contracts must certify that neither they nor their affiliates have been charged with a long list of criminal offences anywhere in the world, including bribery and fraud, dating back 10 years. Apparently, the inclusion of affiliates is much stricter than anti-corruption laws elsewhere, and that might open up Canada to claims that it is unreasonable for Canadian subsidiaries of foreign companies to be held responsible for the actions of other affiliates over which they have no control. No lawsuits have yet been filed, so it's too early to say how serious this threat is. But it certainly emphasizes how signing up to corporate sovereignty chapters in free trade agreements -- in this case, the 1994 North American Free Trade Agreement -- increases the risk that companies will use them in unexpected ways to attack governments when they introduce new policies, however praiseworthy those may be.

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Categorieën: Technieuws

EU leaders to pledge more Ukraine money, threaten Russia sanctions

van EU Observer - wo, 12/10/2014 - 09:29
The EU is prepared to inject more money into Ukraine and to impose further sanctions on Russia if need be, draft summit conclusions say.

Categorieën: Europees nieuws

Online businesses in despair over EU tax rules

van EU Observer - wo, 12/10/2014 - 09:28
New VAT rules coming into force on 1 January to close a loophole worth billions of euros have left some businesses overwhelmed and "confused".

Categorieën: Europees nieuws

[Ticker] Greek stock market in historic collapse

van EU Observer - wo, 12/10/2014 - 09:15
The Greek stock market Tuesday plunged by almost 13%, its worst ever performance, according to MarketWatch. The crash followed a government announcement to hold presidential elections on 17 December. PM Samaras nominated former European Commissioner Stavros Dimas as the coalition's top candidate. The move could spark a snap general election.

Categorieën: Europees nieuws

[Ticker] Portuguese jets intercept Russian bombers

van EU Observer - wo, 12/10/2014 - 09:15
A Nato spokesperson on Tuesday said four Tu-95 Bear strategic bombers and two Tu-22M Backfire long-range bombers were intercepted in international airspace by Portuguese Nato F-16 fighter jets. The spokesperson said the interception of the six bombers "represented a significant level of activity by Russia".

Categorieën: Europees nieuws

[Ticker] 3,400 boat migrant deaths in 2014: UN

van EU Observer - wo, 12/10/2014 - 09:12
The UN refugee agency Wednesday said over 3,400 people died this year attempting to reach Europe by crossing the Mediterranean Sea, reports AFP. The total number of migrant deaths recorded worldwide is 4,272. Some 207,000 migrants crossed the Mediterranean since the start of the year.

Categorieën: Europees nieuws

[Ticker] EU states complicit in CIA torture, says Amnesty

van EU Observer - wo, 12/10/2014 - 09:10
A US senate report on CIA torture of al-Qaida suspects is adding pressure on some EU member states to probe their role in the secret programme. "The CIA and other US authorities did not act alone," says Amnesty International. Poland, Italy, Lithuania, Romania, Sweden, the UK, and others were involved.

Categorieën: Europees nieuws

Skype among newly revealed Luxembourg tax deals

van EU Observer - wo, 12/10/2014 - 09:08
Political pressure on European Commission president Juncker is set to rise again following new revelations about tax avoidance schemes in Luxembourg.

Categorieën: Europees nieuws

[Ticker] Hungary signs Russian nuclear contracts

van EU Observer - wo, 12/10/2014 - 09:05
Hungary on Tuesday signed three contracts with Russian firm Atomenergoprom to construct new reactors at its nuclear power plant, reports AP. Construction is set to start in 2018. Russia's state-owned nuclear company Rosatom runs Atomenergoprom. Critics, such as the US, say it makes Hungary's energy supply more dependent on Russia.

Categorieën: Europees nieuws

[Ticker] Campaigners give EU anti-free trade petition

van EU Observer - wo, 12/10/2014 - 09:04
A petition for the European Commission to stop the free-trade agreement with the US, signed by 1.1 million people, was handed over to the EU by "Stop TTIP" coalition campaigners on Tuesday. The handover was timed to coincide with EU commission president Jean-Claude Juncker' birthday. Juncker turned 60 on Tuesday.

Categorieën: Europees nieuws