Leftists’ Win in Greece Stirs Fears of Instability
Anti-austerity party gets voted into Greek parliament, potentially increasing uncertainty in Europe.
Document Leak Exposes Secret Luxembourg Tax Deals
PwC helped multinational companies obtain at least 548 tax rulings in Luxembourg from 2002 to 2010, according to papers obtained by the ICIJ.
Ireland to Scrap ‘Double Irish’ Tax Loophole
Popular with companies whose chief asset is intellectual property, the evasion tactic will be closed in 2015.
EU Watchdog Opens Probe of Amazon Tax Break
According to the European Commission, Amazon is being allowed to understate its taxable profits in Luxembourg.
EU to Detail Probe of Apple’s Irish Tax Break
The European Commission is also investigating tax breaks allegedly granted to Starbucks in the Netherlands.
Global Banks Struggle to Report Counterparty Risk
Large financial institutions still have trouble accurately identifying and reporting their counterparties on derivatives contracts.