Multinational firms which exploit loopholes to avoid paying tax in the UK will be pushed to “damn well pay,” David Cameron said on Thursday. The PM’s statement was denounced as disingenuous by global tax expert and UK economist Richard Murphy.
The EU won’t provide any new funds for Ukraine to pay off its gas debt to Russia, and Moscow has no guarantees should Kiev use agreed funding elsewhere, said the EU Energy Commissioner’s spokeswoman Marlene Holzner.
If all you ever did was look at economic figures you might be forgiven for thinking the global economy is beginning to pick up after the worst recession in living memory. But the reality is rather different.
The payment schedule and the gas price at which the remaining part of Ukraine’s gas debt will be paid, which is on top of the $3.1 billion agreed to be repaid by year end, will be settled at Stockholm arbitration, Gazprom CEO Aleksey Miller has said.
Apple is in early stage talks with Iranian distributors about entering the country’s market after the US began to loosen sanctions on exports to Iran. A sign of warming relations with Teheran is seen after a 35 freeze that began in 1979.
The Federal Reserve has officially announced an end to its quantitative easing bond-buying program, but economists are split over whether the central bank’s decision will help or hinder post-recession recovery.