Monday, 17 January 2022

Tag Archives: Luxembourg

EU takes Poland to court over judicial independence

BRUSSELS: The European Union referred Poland to its top court on Monday, in the latest legal confrontation between Brussels and populist member governments. EU leaders say they had to move quickly to halt an alleged legal threat to the independence of Poland’s judiciary from its own rightwing government. But the ...

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Pakistan becomes visa-free for many foreign tourists

ISLAMABAD: Encouraged by the positive response from foreign tourist organisations and backpackers, Pakistan has now decided to allow tourists from 24 countries to visit the country without visas. According to an official statement issued here on Friday by Pakistan’s Ministry of Interior group, tourists from the UK, the US, China, ...

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Amazon Must Pay $295 Million in Back Taxes, EU Says

BRUSSELS: Amazon has to pay $295 million in back taxes to Luxembourg, the European Union ordered Wednesday, in its latest attempt to tighten the screws on multinationals it says are avoiding taxes through sweetheart deals with individual EU states. Margrethe Vestager, the EU official in charge of antitrust issues, also ...

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McDonald’s moves non-US tax HQ to Britain from Luxembourg

NEW YORK: McDonald’s will move fiscal headquarters for the majority of its non-US operations to Britain, it said Thursday, following an EU crackdown on tax deals struck by multinationals including the fast-food giant. McDonald’s is establishing a new Britain-based holding company to cover royalties from most licensing agreements outside the ...

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