Antitrust: European Commission fines Google €1.49 billion for abusive practices in online advertising

The European Commission has fined Google €1.49 billion for breaching EU antitrust rules. Google has abused its market dominance by imposing a number of restrictive clauses in contracts with third-party websites which prevented Google's rivals from placing their search adverts on these websites. Commissioner Margrethe Vestager, in charge of competition policy, said: "Today the Commission has … Continue reading Antitrust: European Commission fines Google €1.49 billion for abusive practices in online advertising

EU updates list of non-cooperative tax jurisdictions

EU Finance Ministers have updated the EU list of non-cooperative tax jurisdictions, based on an intense process of analysis and dialogue steered by the European Commission. The list has proven a true success with many countries having changed their laws and tax systems to comply with international standards. Over the course of last year, the … Continue reading EU updates list of non-cooperative tax jurisdictions

Antitrust: European Commission fines car safety equipment suppliers € 368 million in cartel settlement

The European Commission has fined Autoliv and TRW a total of € 368 277 000 for breaching EU antitrust rules. Takata was not fined as it revealed the cartels to the Commission. The companies took part in two cartels for the supply of car seatbelts, airbags and steering wheels to European car producers. All three … Continue reading Antitrust: European Commission fines car safety equipment suppliers € 368 million in cartel settlement

No deal a good deal for criminals Law Society warns

If the UK leaves the EU without a deal in four weeks’ time cross-border criminals will have much to celebrate, the Law Society of England and Wales said today. “When it comes to criminal justice and terrorism we currently operate in a climate of co-operation with the 27 other countries that make up the EU … Continue reading No deal a good deal for criminals Law Society warns

Justice in England and Wales on its knees as crisis escalates in the wake of years of neglect

People accused of crimes in England and Wales have a diminishing chance of seeing justice as the criminal justice system slides further into crisis due to years of underfunding and neglect. “The reputation of our justice system - one of England and Wales’ most precious assets - is in great danger at a time when … Continue reading Justice in England and Wales on its knees as crisis escalates in the wake of years of neglect

New EU rules to eliminate the main loopholes used in corporate tax avoidance come into force on 1 January

The Commission welcomes the entry into force of new rules to eliminate the most common corporate tax avoidance practices. As of 1 January 2019, all Member States shall apply new legally binding anti-abuse measures that target the main forms of tax avoidance practiced by large multinationals. Pierre Moscovici, Commissioner for Economic and Financial Affairs, Taxation and … Continue reading New EU rules to eliminate the main loopholes used in corporate tax avoidance come into force on 1 January

Auditors publish report on SRB’s, Commission’s and Council’s contingent liabilities

The Single Resolution Board (SRB) and the European Commission should continuously assess their financial risks and accounting thereof, arising from contingent liabilities related to bank-resolution lawsuits as from their 2018 accounts, according to a new report by the European Court of Auditors. The auditors reviewed the possible obligations of the SRB, Commission and Council arising … Continue reading Auditors publish report on SRB’s, Commission’s and Council’s contingent liabilities