Search Results for: Finland

BY KEITH NUTHALL
IT was telling that the first step taken by President Bush against Islamic terror groups following the World Trade Centre disaster was to freeze bank accounts. The international community has now responded by agreeing common controls to stop terror groups laundering funds.…

BY KEITH NUTHALL
HEALTH experts have been discussing a report from the Organisation for Economic Cooperation and Development, (OECD), which has shown Britain performs poorly against its competitors in western Europe and north America, regarding the number of nurses employed per head of population in the late 1990’s.…

BY KEITH NUTHALL
THE EUROPEAN Commission has approved the proposed take-over of Haindl, a German family-owned paper company, by Finland’s UPM-Kymmene and the subsequent sale of two of the Haindl mills to Norwegian paper manufacturer Norske Skog. Brussels concluded following an inquiry that the deal would not erode effective competition in European Union paper markets, notably in those for newsprint and wood-containing magazine paper.…

Keith Nuthall
THE EUROPEAN Commission has blocked the planned takeover by London-based CVC Capital Partners Group Ltd, (CVC), of Austrian man-made fibres manufacturer Lenzing AG. Because CVC already controls Acordis, Lenzing’s principal rival in Europe, and only rival in the United States, Brussels has ruled that a merged company would have a dominant position in a number of fibres markets, that could “reduce choice and lead to higher prices for customers and end consumers.”…

BY KEITH NUTHALL
THE TERRORIST attacks on New York and Washington DC have not just galvanised the developed world into military action, it has encouraged governments and international organisations to pass new anti-terror laws affecting travel, data protection, criminal investigations and money laundering.…

BY ALAN OSBORN
AN ADVOCATE General of the European Court of Justice has ruled that by using the value of a new car as a yardstick for determining the taxes on an imported second-hand vehicle, Finland is violating EU treaty regulations.…

BY KEITH NUTHALL
THE EUROPEAN Commission is threatening to take Belgium and Finland to the European Court of Justice, claiming that their mandatory no-claims bonus systems for motor insurance breaks the EU’s third non-life insurance directive.

Brussels claims that the regulations deny insurers the freedom to set scales of premiums allowed in the EU legislation.…

Keith Nuthall
EUROPEAN Union competition Commissioner Mario Monti has announced that Brussels is to clamp down on special tax regimes affecting financial services in 11 Member States, which it claims are probably so lax, they constitute illegal state aid payments that could unfairly favour local companies.…

BY ALAN OSBORN
BRITAIN comes fourth in an international league of 17 developed countries which ranks them according to their achievements, resources and capacity for future development in the field of innovation, the European Commission said today Monday. Sweden comes top followed by the US and Finland.…

BY ALAN OSBORN
THE EUROPEAN Commission is preparing a potentially groundbreaking initiative to overcome the problems created by the existence of 15 different tax systems throughout the European Union, which could involve setting a harmonised EU corporation tax. In a report due to be released shortly, obtained by Accountancy Age, the Commission says differing tax national systems have caused losses in economic efficiency, generated compliance costs and contributed to a lack of transparency.…