Micro News

Micro News

US tech giant Apple has reportedly settled the Ireland's government over EUR €14 billion as viewed by the European Commission as using the company’s Irish subsidiary to be unlawful; and has ordered Apple to pay state aid to Ireland in compensation. Both Apple and Ireland still can't help contradicting…


Luxembourg tax authorities have had access to data collected by legal and financial institutions on taxpayers for tax evasion and anti-money laundering reasons since August 2017. The data incorporates identification of effective Beneficial Owners, all steps taken by the experts to comprehend the possession…


The German expense experts are at present systematically investigating foreign organisations that own private property in Germany, for suspected evasion of Real Estate Transfer Tax (RETT) due to intra-aggregate restructuring and acquisitions. The subsequent criminal tax procedures have started to be…


UK taxpayers who are required to report their undeclared overseas income tax, capital gains tax or inheritance tax have until the end of the month (September 30th 2018) to notify the HMRC in order for them to make the necessary corrections by the end of the year (December 29th) or risk facing penalties.…


As it became known, the leaders of South Korea conglomerates Samsung and Hyundai were included in the delegation of President Moon Jae-in during his visit to the DPRK. This will be the third meeting of the Korean leaders. The first two were held in April and May this year. It is reported that the next…


Mr Adrien Baron, the former CEO of Budapest-based Loyal Bank has conceded to the courts on accounts of tax fraud by neglecting to adhere with FATCA regulations (the US Foreign Account Tax Compliance Act). The Chief Executive was forced to leave Budapest to go to the US in July earlier this year, after…


Under new European Commission recommendations, going forward, all tax avoidance enforcement bodies overseeing European financial institutions have to focus their efforts inside the European Banking Authority. The Vice President of the EC made a controversial announcement stating that tax evasion supervision…


BlackRock, the world's largest asset management company, received regulators permission to establish a new investment firm in France. This is another demonstration of the increased interest from Paris to financial firms after the UK's withdrawal from the EU. The President of France, Emmanuel Macron…


Several members of the European Parliament warned the President of Cyprus about possible consequences or even sanctions if Cyprus and Russia cooperate in conducting an investigation in the case concerning the founder of Hermitage Capital Bill Browder. It was stated that Cyprus is not obliged to cooperate…



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