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Ireland's tax regime for companies is clear, transparent, and enshrined in law, Taoiseach Enda Kenny said Wednesday, adding that the country is at the forefront of plans to build international standards on taxes."Ireland's corporate tax rate is statute based, very clear, and very transparent," he told reporters on his way into a meeting of European Union leaders. "We do not do special deals with any companies on any tax rate."He was asked about Apple Inc. (AAPL), which takes advantage of the country's long-standing low corporation tax regime. A U.S. Senate investigation revealed that, through its use of technicalities in Irish and U.S. tax law, but without doing anything illegal, Apple has paid little or no corporate taxes on at least $74 billion over the past four years.He said the EU hadn't been in touch about Apple's tax affairs."We have continued, and will continue, to compete for international business in the context of multinationals," he said. "Our country has had a stable corpo...
The Bank of Japan should stick with its expanded quantitative easing to achieve its inflation target, but this may not be enough to foster sustainable economic growt...
Igor Luksic, leader of the Social Democrats in Slovenia's ruling coalition, disagrees with the European leaders who say his country should privatize its three bigges...
The U.S. unemployment rate continues to tick down, hitting a more than four-year low of just 7.6% in March. In much of Europe, however, the situation is very differe...
A large number of borrowers Thursday came to the European credit market offering bonds, presenting investors with a wide choice of currency, size and geography to ch...
The head of Slovenia's largest bank backed a government estimate of around 1 billion euros to recapitalize the country's three main lenders after the figure was ques...
Pursuing real tax havens such as Caribbean Islands and the U.S. state of Delaware at the level of the Group of 20 countries is more important than criticizing Austri...
The European Union on Wednesday proposed to expand the bloc's powers to protect its companies against unfair competition from abroad, in a sign of Europe's increasin...
The European Union on Wednesday proposed to expand the bloc's powers to protect its companies against unfair competition from abroad, a sign of its increasingly comb...
Slovenia's government is moving too slowly in cleaning up its lending sector but the country has enough cash to stay afloat until autumn, the head of its banking ass...
Growth is picking up in most industrialised countries, including in the euro zone, the OECD said on Wednesday, with the United States leading the way.The Paris-based...
The cost of fixing Slovenia's banking sector could be significantly higher than estimated, the Organization for Economic Cooperation and Development said Tuesday.Slo...
Although Chile produces a third of the world's copper and most of larger mining companies on the planet have operations in the country, the local mining industry is ...
The Irish government Tuesday denied it is sheltering some of the world's largest corporations, like Apple Inc. (AAPL), from paying taxes, saying the country's longst...
A report from the U.S. Senate Permanent Subcommittee on Investigations, led by Sens. Carl Levin (D., Mich.) and John McCain (R., Ariz.), will say Apple (NASDAQ:AAPL)...
Japan risks missing, yet again, an opportunity to use foreign investment to help fuel sustained economic growth that has eluded it for the last two decades.Prime Min...
Spain's Telefonica expects Mexico's new government to quickly implement new regulations designed to challenge billionaire Carlos Slim's dominance in the local teleco...
Brazilian stocks were nearly flat at closing Tuesday, when early optimism about the global economy was tempered with some disappointing results by local companies an...
EnergyAustralia, the Australian unit of Hong Kong-listed power generator CLP Holdings Ltd. (0002.HK), has agreed to sell its majority stake in a wind farm to Canada'...
Italy is now in a position to ask the European Union to ease up on the country's deficit target, according to Pier Carlo Padoan, chief economist at the Organisation ...