Search Results for: multinationals

TTIP’s 11th round starts in Miami but EU-US businesses see no sunny side

After almost three months since the last official meeting between the senior negotiators of the European Union and the United States, the Transatlantic Trade and Investment Partnership (TTIP) negotiations resumed yesterday in Miami. Unfortunately, at least for those who still believe in this gigantic trade agreement between the two blocs, the nice and warm location is just one […]

The EU Parliament blasts the Council about the tax dealings of the wealthy

The European Parliament once more honored its role as the authentic exponent of the will of the European citizens. Last Tuesday it dismissed as a “missed opportunity” the EU Council’s decision to water down the mandatory exchange of the ‘tax rulings’ between member states. A ‘tax ruling’ is a special taxation arrangement accorded to a […]

How dearly will Germany pay for the Volkswagen emissions rigging scandal

The Volkswagen emissions scam exposed by the US authorities last week has more substance than the vast and varied financial, commercial and legal consequences wherever in the world the company is present. VW has a great weight in the German car universe with its 12 brand names (VW, Audi, Porsche, the Volkswagen trucks Scania and […]

Google and Apple suddenly realise that doing business in EU is tough?

Last week was definitely a reference for digital European Union. For those who have felt that the European Commission has specifically targeted Google for some reason, or are particularly interested in the impact that regulators can have on big companies like Google last week must have truly paid off in terms of newsfeed. The Google bias? Let’s start with Google’s story. Last week, European Competition Commissioner […]

A new crop of EU ‘Boards’ override the democratic accountability and undermine the EU project

Last Wednesday 16 September the European Economic and Social Committee, an authentic representative of the European organized civil society, adopted an opinion aimed at improving the democratic function and the accountability of the EU decision-making bodies. The EESC acted at the request of the European Parliament. Actually, the Lisbon Treaty contains untapped potential to bring […]

TTIP wins first crucial EU test: MEPs give in to the trade agreement

The long and much discussed Transatlantic Trade an Investment Partnership question in Europe might have reached a new phase, and all the stagnation of the past months seems now to make way for some evolutions. The European Parliament’s Committee on International Trade passed a key resolution last Thursday, backing the EU-US free trade agreement. Although it still needs to […]

Youth Entrepreneurship Issue of the month: JEN, organisers of JADE October Meeting, on why JEs should come together

There is a great debate around which are the most important incentives of entrepreneurship in general. JADE Network, unlike any other Junior Enterprise confederation in the world, is unique in country diversity and heterogeneous in regional development. According to recent studies, done by prestigious organisations like the Global Entrepreneurship Development Institute, show strong correlations between […]

New VAT rules in the EU: how a digital sea could have become an ocean

From 1 January 2015, a major change to the European Union VAT rules occurred affecting the digital world, which is destined to be discussed widely for a long time. A new regulation has come into place where VAT on digital products sold in the EU will be chargeable in the place of purchase rather than […]

A few, or rather two, trade and economic alliances may rule our brave new world

Jean-Claude Juncker, the EU Commission President together with the Japanese Prime Minister Shinzo Abe gave a Press conference following the 23rd EU-Japan Summit which took place in Tokyo on 29 May. The focal point of the meeting was supposed to be the free trade agreement (FTA) between the two sides. However the EU dignitary spoke […]

The West and Russia accomplished the dismembering and the economic destruction of Ukraine

With the Minsk Agreement the West and Russia finally got what they wanted or close to that from Ukraine, not minding much about leaving the miserable country in ruins, its map ruthlessly chopped and the economy in a perfect chaos. On the one side the EU or rather Berlin and Paris plus Washington and on […]

German stock market is not affected by the Greek debt revolution while Athens is running out of time

More than a week has passed since the Greek elections and the main European markets, except for the Greek one, do not seem to be influenced to a great extent by the victory of the left-party SYRIZA. The attempt of the Greek Prime Minister to calm down not only the markets but also the European […]

The eighth round of TTIP negotiations concludes in Brussels amid scepticism and new fears

The eighth round of the Transatlantic Trade and Investment Partnership (TTIP), negotiations between the European Union and the United States, concluded last Friday in Brussels. It might be that the entire world is looking towards Ukraine and all media are focusing on the severe crisis between the former Soviet Republic and Russia, but it seems that […]

Benjamin Franklin was wrong: Amazon can tax evade

“In this world nothing can be said to be certain, except death and taxes”, Benjamin Franklin said back in the 18th century. Three hundred years later in principle it maintains validity, when it comes to the former. Of course for most developed societies tax is a de facto obligation of the citizen. Most of us we […]

China’s impact as a global investor; the Sting reports live from World Economic Forum 2015 in Davos

The Sting continues its exclusive live coverage from the World Economic Forum 2015 in Davos with a critical piece on China. Yesterday afternoon all the panelists took their seats to participate in what was to become a fresh revealing dialogue on Chinese investment around the globe. The panelists of the session were Mr Cai Jin-Yong, Executive […]

Parlamentarians to “break up” with reality in the Google antitrust case

How many years can an antitrust case endure in the EU? It certainly depends on many factors but in the case of Google 4 is the minimum. This is because the topic of a ‘digital monopoly’ of a search engine is so refined and sophisticated that for the majority of EU stakeholders it is “terra incognita”. Also […]

Lessons from the Global Entrepreneurship Index

Written by Alexandru Dragos Ene, Vice President, Director of Communication, JADE – European Confederation of Junior Enterprises ’’The globalization of entrepreneurship is producing an explosion of programs, startup communities, policy interventions and investments across the world. Now, ideas, capital and talent speed across borders finding “founder teams” to create new ventures that fuel economic growth and stability. […]

EU makes key TTIP document public as protests get louder

The Transatlantic Trade and Investment Partnership, known as TTIP, has always been largely criticized, and this is not news. However, the demonstrations that took place across Europe on Saturday, with large numbers of events in 22 countries across Europe, might tell that the time of huge protests against the agreement is here. Tens of thousands […]

European Youth, quo vadis?

European Youth Insights is a platform provided by the European Youth Forum and the European Sting, to allow young people to air their views on issues that matter to them. Written by Lidija Globokar I’m concerned. And I’m not talking about the high youth unemployment rates in Europe. I’m concerned about the future. What does all this […]

“Health and environment first of all”, EU says with forced optimism after 7th round of TTIP talks

Last Friday the United States and the European Union concluded the seventh round of the Transatlantic Trade and Investment Partnership talks in the US. After a year of negotiations in both Washington and Brussels, and many notable obstacles on the way, the diplomats last week displayed some optimism. The official outcome was that the process […]

Canada and EU officially sign the trade agreement that could open-up the road to TTIP

Last Friday the European Union and Canada officially marked the end of five years of negotiations and talks: the Comprehensive Economic and Trade Agreement (CETA) between the two parts was signed. The agreement was presented by the outgoing Commission President Manuel Barroso, the European Council President Herman Van Rompuy and Canada Prime Minister Stephen Harper […]

European Commission: Does Apple, Starbucks and Fiat really pay their taxes?

The European Commission (EC) decided two days ago to conduct an investigation which will focus on the tax affairs of Apple, Starbucks and Fiat Finance and Trade in Ireland, the Netherlands and Luxembourg respectively. Basically, EC’s purpose is to examine if the tax authorities of the aforementioned countries are in line with the rules of […]

More state aid to big firms, no special provisions for the SMEs

Rules for state aid covering research, development and innovation investments (R&D&I) are already relaxed in the European Union, in order to facilitate growth and job creation. Mind you that in this case the bending of competition rules is not confined to very small businesses, the SMEs and mid cups, but covers the entire constellation of […]

The Commission unsuccessfully pretends to want curbing of tax evasion

The European Commission, after having facilitated for decades the tax avoidance and evasion practices of multinationals with the ‘Parent-Subsidiary Directive’, yesterday decided to just reduce the size of the extra-large loop holes the big multinationals use for years to avoid and evade taxation. With a Press release issued yesterday, the Commission almost recognised that it […]

The MH17 tragedy to put a tombstone on Ukrainian civil war

The anthropoid beast that pressed the button to release the missile which brought down the MH17 Malaysian Airlines flight, killing all the 298 people aboard must be held responsible before humanity. Probably though, it will never be clarified for sure who was behind this hideous crime. The search for the culpable party may start from […]

TTIP fight round 6: last chance for the negotiators to finally open up as they touch the Brussels ring

The next round of the EU-US talks on the ‘infamous’ trade and investment deal, known as the Transatlantic Trade and Investment Partnership, is just around the corner now, but new, fierce critics against the deal are launching back. The gigantic trade agreement, known as TTIP, has been largely criticized from the day 1 by many detractors, who claimed major risks […]

Financiers can turn the world into a dirty and dangerous place

Despite the fact that the civil society is fed up with the absolute indifference of the financial sector about what happens in the real economy, the western political elites continue to nurture the insatiable appetite of the banking system for more book profits. In view of that, the European Economic and Social Committee issued yesterday […]

Samsung’s profits fall as cheaper smartphones gain market share

Last Friday tech giant Samsung Electronics hit the market with its ultimate creature. The Galaxy S5 was released worldwide, in more than 100 countries. Samsung said there was high demand for its latest flagship smartphone in many countries across the globe such as France, India and Canada, reporting that there were long queues for the device, […]

Israel @ MWC14: Israel The Start App Nation

Written by Amit Lang, Director-General, Israeli Ministry of Economy The vast array of innovative Israeli companies at this year’s Mobile World Congress attests to the fact that the “Startup Nation” is well on its way to becoming a premier “Start App Nation” as well. Add that to the recent number of billion dollar exits coming out […]

EU: Protecting victims’ rights from cartels and market abuses

It was high time that the European Union took care of citizens and companies, usually SMEs, who have suffered economic losses and other damages from infringements of the EU antitrust rules, such as cartels and abuses of dominant market positions. Until now it was very difficult for the victims to substantiate their claims for damages […]

AIESEC @ European Business Summit 2014: The Digital Era: A New Business Frontier

Written by Babajide Okusanya, National Director of Marketing & Communications of AIESEC Belgium We are at the start of the 21st century and technology is evolving faster than we could imagine; driving innovation in all facets of the life – from basic everyday activities to space exploration – technology is fuelling humanity’s progress and growth. All […]

Arlington, USA: kick-off of the fifth round of the EU-US boxing match

The time for the fifth round of negotiations on the Transatlantic Trade and Investment Partnership, TTIP, has come, and lights were concentrated on Monday in Arlington, Virginia for the fifth round of negotiations. In the week of the European Parliament elections, which could change the Union’s political scene, there might be more news to come for […]

EU Parliament: A catastrophic crisis management by European leaders

The European Parliament once more confirmed its reputation as the authentic channel transiting the social and the economic realities the European people have to endure to decision makers. Yesterday, the MEPs disagreed with the Commission President Manuel Barroso and Dimitrios Kourkoulas, the Greek deputy Foreign Minister speaking for the Council Presidency, that economic recovery was […]

EU Commission: The banks are not obliged to finance the real economy

At a time when the Eurozone banks have received for free €4.5 trillion of taxpayers’ money and at least another €3 trillion from the ECB at close to zero interest rates, the Commission dares to ask the pension funds and the Internet to replace the banks in financing economic growth in the crisis stricken and […]
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