BRUSSELS: The EU on Thursday announced a major probe into a British scheme protecting multinationals from tax avoidance rules, in the latest move in the bloc's campaign to get international companies to pay their share. Europe's competition chief Margrethe Vestager will investigate whether certain exemptions allowed under British rules amount to a breach of European Union regulations against state aid. The EU has waged a major crackdown on member states bending rules to give big international firms unfair tax breaks in…
KIEV: Several multinational companies said on Tuesday they were targeted in a massive wave of cyberattacks which started in Russia and Ukraine before spreading to western Europe. Danish sea transport company Maersk, British advertising giant WPP and the French industrial group Saint-Gobain were among those who said they came under attack and put protection protocols in place to avoid data loss. The first reports of trouble came from Ukrainian banks, Kiev's main airport and Russia's Rosneft oil giant, in a major…
CHENGDU: The world's major economies need to deepen cooperation on tax collection and information sharing as companies seek to minimise the amount they pay to governments, finance ministers said Saturday.
LONDON: Britain plans to introduce a tax to target multinationals such as Google Inc and Amazon Inc accused of using complex accounting schemes to cut their payments on earnings in the country.