The European Commission said on Tuesday it would continue its investigation into Luxembourg’s tax treatment of Amazon after reports the online retailer had changed its tax practices in Europe. The Commission launched an in-depth investigation last October into alleged state aid Luxembourg was granting to Amazon by offering a low corporate tax rate on European profits, most of which are booked in the Grand Duchy.
An Italian court on Tuesday banned unlicensed car-sharing services such as those offered by Uber, in another setback for the fast-growing U.S. car service whose smartphone app summons rides at the touch of a button. Uber has been gaining popularity among passengers seeking lower cost car rides, triggering protests across Europe by heavily regulated traditional taxi drivers. The court in Italy’s business capital Milan said the Uber POP service, which
Yahoo Finance’s Midday Movers is live each weekday at 12pm ET, covering all the latest news on the markets, the economy and the biggest stories of the day.
Yahoo Finance’s Midday Movers is live each weekday at 12pm ET, covering all the latest news on the markets, the economy and the biggest stories of the day.
New U.S. single-family home sales rose more than expected in April and the median price surged, suggesting the housing market recovery was gaining traction.
New U.S. single-family home sales rose more than expected in April and the median price surged, suggesting the housing market recovery was gaining traction.
There’s an ever-increasing probability of a financial “accident” involving debt-strapped Greece, Mohamed El-Erian tells CNBC.
There’s an ever-increasing probability of a financial “accident” involving debt-strapped Greece, Mohamed El-Erian tells CNBC.
Internet retailer Amazon.com.’s main German operating unit paid just 11.9 million euros ($16 million) in tax in 2014, despite the group recording $11.9 billion in sales to German customers last year, regulatory filings show.
Some of Cyndi Lauper’s music can be quite inspirational… That probably wasn’t why Jeopardy! contestant Choyon Manjrekar wrote “What is Kinky Boots?” as his challenge…