In a recent joint letter to the Commission, Germany, France, Italy and Spain’s finance ministers announced plans to tax tech multinationals, such as Amazon and Alphabet Inc./Google, based on their local revenue.
On 15 August, Air Berlin was forced to file for bankruptcy after the withdrawal of funding from Abu-Dhabi based Etihad Airways, which holds 29 percent stake in the German carrier.
Originally suggested and then subsequently shelved in 2011, the Common Consolidated Corporate Tax Base is a policy designed to create a unified set of rules to calculate companies’ taxable profits across the EU.
On Monday, our French partner Institut Economique Molinari released its latest study, shedding late on out-of-control public expenditures across the European Union.