Márton Jász 2021.04.26.
Over many decades, global companies have perfected the art of tax evasion to the fullest extent possible. It seems that now, global leaders from different countries have had enough of companies playing by their own rules, so under the leadership of Joe Biden, they want to end the heyday of tax havens. EU Commissioner for the Internal Market, Thierry Breton, welcomed the U.S. concept of setting a minimum tax for multinational companies, regardless of the country to which their profits are tied. However, the new economic policy would affect Hungary, where the current level of corporate tax is only 9 percent. Analysis.
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BRUSSELS (Reuters) -Daimler’s Spanish unit can be liable for damages sought by companies affected by the German carmaker’s role in a truck cartel fined by EU antitrust regulators five years ago, an adviser to Europe’s top court said on Thursday.
FILE PHOTO: Daimler AG sign is pictured at the IAA truck show in Hanover, Germany, September 22, 2016. REUTERS/Fabian Bimmer/File Photo/File Photo
Should the court follow the non-binding opinion in the coming months, it could pave the way for companies to sue subsidiaries of other cartel members and other illegal price-fixing groups.
The European Commission in 2016 handed out a then record 2.9 billion euro fine to the cartel which included Daimler, Swedish company Volvo, Iveco, which is part of Italian truck and tractor maker CNH Industrial, and DAF Trucks, owned by U.S. company Paccar.
A cyclist passes a closed bar in Dublin, Ireland, last October. (AP Photo/Peter Morrison)
LUXEMBOURG (CN) When Peadar Mac Fhlannchadha walked into a pharmacy to pick up medicine for his dog, he was not expecting to start a five-year legal battle over pharmaceutical labeling, culminating in the first Irish language case before the European Union’s high court. He just wanted his 10-year-old dog Samhain to feel better.
On Wednesday, the European Court of Justice found that Ireland must require the labels for pet medication to be written in both English and Irish, the country’s two official EU languages. The five-judge panel handed down their ruling on St. Patrick’s Day, including a version in Irish.
Cows grazing in Tubbercurry, County Sligo, Ireland. (Barbara Leonard photo, special to Courthouse News)
LUXEMBOURG (CN) The European Union’s high court held on Wednesday that EU law doesn’t preclude Ireland from requiring foreign lawyers to work with local counsel.
Finding that the requirement doesn’t create an undue burden on litigants or violate the EU’s free movement of goods and services, the European Court of Justice ruled against Volkmar Klohn, an organic farmer living in Tubbercurry, County Sligo.
After a local board upheld planning permission in 2006 for the construction of a dead animal processing plant near his farm, Klohn brought a series of unsuccessful appeals ultimately ending in defeat before the Irish High Court.