Search Results for: Belgium

THE EUROPEAN Commission has effectively declared illegal under European Union (EU) a tax break for multi-nationals operating in Belgium enabled them to discount profits on their Belgian tax returns. This ‘excess profit’ tax ruling system assumed that Belgian wings of multinationals made extra profits in Belgium by benefiting from economies of scale generated by activities in other countries.…

A two-year joint-operation between Europol and the Spanish Civil Guard (Guardia Civil) has shut down a EUR300 million money laundering and counterfeit goods network focused on Spain. ‘Operation Snake’ closed in on the gang on May 11, with more than 200 officers searching 65 residences and making 35 arrests.…

The European Commission has launched a review of whether subsidies promoting electricity generating and distributing capacity breaks European Union (EU) state aid rules. These are designed to make sure member states do not give their industries an unfair advantage in the EU’s single market.…

Manufacturing powerhouse South Korea began its cap-and-trade system on January 1, 2015 as a part of an overarching goal to reduce greenhouse gas emissions by 4% reduction below 2005 emissions levels. If achieved, that would leave emissions at 30% lower in 2020 than they would be if current increases are maintained.…

The latest report from European Union (EU) police agency Europol report has revealed the true extent of “the complex reality” of counterfeit goods networks across Europe. But what are the latest scams and how successful has Europol been in tackling them?…

BRUSSELS DETAILS UPCOMING EU VAT REFORMS

THE EUROPEAN Commission has released a statement outlining the subject of planned VAT legislative proposals to be made next year (2016). These will reduce the administrative burden on businesses through VAT regimes varying between European Union (EU) member states.…

The UK may still be a world-beating performer for developing offshore wind energy, but more still can be done onshore, as demonstrated by China’s wind-power growth, the Global Wind Energy Council’s (GWEC’s) secretary general Steve Sawyer has argued. Indeed, unveiling GWEC’s, Global Wind Report: Annual Market Update 2014, in a webinar April 1 from Istanbul, Sawyer noted that the UK at 813 megawatts (MW) of installed capacity produces more offshore wind energy than the rest of the world combined, with Denmark “a distant second”.…

THE POLISH, Scottish, Austrian and Belgian meat sectors are significant winners in the latest announcement of European Union (EU) marketing financing designed to help food companies seize more sales within and outside the EU.
They will benefit from multi-million Euro sales and marketing programmes, 50% funded by the EU, announced yesterday (Tues April 21).…

In the highly competitive global lollipops market, manufacturers are creating innovative additions to this traditional confectionery to attract consumers with innovative designs attempting to generate an emotional response to these products. Around the world, lollipop manufacturers are tailoring shapes and designs to match seasonal holiday images; incorporating glow-in-the-dark features; and combining confectionery items such as lollipops and gum.…

TAXES on wages in developed countries within the Organisation for Economic Cooperation & Development (OECD) have risen by about 1% between 2010 and 2014 even though a majority of OECD governments did not increase statutory income tax rates. A new OECD report Taxing Wages 2015 said in 2014, the tax burden paid by average OECD workers increased 0.1% to 36%.…