Contrary to CEO Tim Cook's assertion to a U.S. congressional committee in 2013 that Apple pays "all the taxes we owe, every single penny," the European Commission alleges the company has underpaid.
Apple on Monday filed its appeal of a $14 billion bill for back taxes owed the European Union. The government of Ireland has also filed an appeal contesting the demand.
Source: ThinkstockThe European Commission (EC) has been searching for a way for a long time to cut what it calls “unjustified high” credit and debit card fees. The commission might have just...
The proposed merger between Dow Chemical and DuPont ran into another snag when European regulators suspended their review of the deal for the second time.
The European Commission on Tuesday announced that it has reached a preliminary view that Amazon has violated EU antitrust rules.
The U.S. Air Force wants to replace its aging fleet of electronic warfare planes. The need is so urgent that the service wants to buy 10 new aircraft immediately on a no-bid contract worth more than...
Source: courtesy of Google Inc.The European Commission’s (EC) competition committee today issued a statement setting for its view that Google Inc. (NASDAQ: GOOG) engages in anti-competitive...
The European Commission on Tuesday announced three probes into Apple's requirements for how app developers must pay for in-app purchases and how they are not allowed to offer their apps at different...
Source: ThinkstockTo virtually no one’s surprise, the European Central Bank (ECB) this morning announced that it will leave its key interest rate unchanged at a record low of 0.75%. Now everyone...
The European Commission has formally stated its objections to the way Apple distorts competition in the App Store.
Among other company news items from the past weekend, Apple splashed out big bucks for the worldwide rights to a hot film screened at the Sundance Film Festival.
Source: ThinkstockEurope believes that it is doing poorly, financially. The European Commission (EC) put out its forecast for gross domestic product (GDP) activity for this year and next. This year,...
The deep recession in Europe was supposed to be over, but the European Commission sharply cut its growth forecasts.
The European Commission has proposed a plan to tax digital companies based on the location of their users, not their bases of operations. This could cost some U.S. firms hundreds of millions in...
What does a massive round of quantitative easing in Europe, an environment of deflationary pressures and a testing of negative interest rates tell you?