Search Results for: France

FRANCE is being taken to the European Court of Justice (ECJ) by the European Commission for giving unfair tax benefits to France-based bodies pursuing general-interest objectives. Donations or bequests to such organisations funding science, culture or art in France are exempt from registration duties.…

THE ORGANISATION for Economic Cooperation and Development (OECD) has released a full version of a new global standard for the exchange of information between jurisdictions. Its ‘Standard for Automatic Exchange of Financial Account Information in Tax Matters’ calls on governments to obtain detailed account data from financial institutions and exchange it automatically with other jurisdictions annually.…

THE EUROPEAN Commission has used the momentum created by Europe’s financial crisis to push through legislation on taxation issues that have been politically unpalatable during times of prosperity and growth. But it has not brought European Union (EU) countries’ tax systems closer together through overall harmonisation, to the chagrin of small- and medium-sized enterprises (SMEs), which still struggle with different systems across EU member states.…

A SINGLE global standard for automatic information exchange (AIE) between tax authorities worldwide is in the final stages of preparation by the Organisation for Economic Cooperation & Development (OECD). G20 finance ministers will consider it in September before sanctioning its implementation.…

THE EUROPEAN Union’s (EU) confectionery sector was one of Europe’s major export earners in 2013, with the latest EU trade data showing that Euro EUR3.6 billion’s worth of chocolate, confectionery and ice cream was sold outside the EU last year.

Overseas chocolate sales were particularly impressive, rising 8.2% year-on year, rising to EUR31 million in 2013.…

Latin America’s cosmetics and personal care products sector has boomed as consumers take advantage of their rising disposable incomes. The region (including Mexico) accounted for 17% of global sales in the beauty and personal care industry, according to market analysts Euromonitor International in 2013. …

The European Commission has fined two of three companies Euro EUR32.23 million involved in a cartel for private label canned and jarred mushrooms from 2010 to 2012.

Brussels has also given Lutèce, of the Netherlands, immunity from what would have been a EUR20.7 million fine, given it blew the whistle on the cartel’s existence.…

Governments from European countries called on garment companies who sourced from Rana Plaza, Bangladesh, to fund compensation to victims of the building’s collapse one year ago. The message came in a joint statement from the governments of France, the Netherlands, the UK, Germany, Denmark, Italy, and Spain, made by Lilianne Ploumen, Dutch minister for foreign trade and development cooperation at an international Organisation for Economic Co-operation & Development (OECD) meeting yesterday (June 26) in Paris.…

Big data is creating a growing range of opportunities that can help the global pharmaceutical industry develop and manufacture drugs more effectively. However, the industry faces a number of challenges in the way it manages and analyses the increasingly broad range of data that is available, with collaboration essential for the industry to capitalise on the potential of the big data explosion.…

European Union (EU) police agency Europol has hailed as a success a two-day operation against illicit scrap dealers, which yielded 271 arrests and identified 146 cases of theft across Europe. Law enforcement teams, backed by the EU unit, checked 8,300 scrap metal dealers in 20 European countries.…