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Tuesday 20 September 2016 10:33 amEU competition chief defends Apple tax ruling on visit to WashingtonBy: Lynsey BarberShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleMargrethe Vestager, th
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e EU chief who presided over the decision to slap Apple with a euro;13bn tax billhas met with counterparts in Washington in an attempt to smooth over relations on the issue of tax.Vestagersaid she had a good, frank discussion with US Treasur
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y Secretary Jacob Lew about state aid and taxation but fired back stronglyagainst accusations that the competition commission was unfairly targeting US companies in aspeech in the US capital.Read more: Brexit Britain could be new sweetheart after EU-US relations soured by Apple
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tax rulingEurope is open for business, but not for tax evasion.We have a different history in the US and Europe, and we don t always do things the same way, said Vestager as she announced a new investigation into a company closer to home. Good, frank discussion with Secretary of the Treasury Jacob Lew on state aid and taxation ndash; amongst other things. pic.twitter/Oav9kXG5RXmdash; Margrethe Vestager @vestager September 19, 2016 We have taken a number of decisions about illegal subsidies by way of tax rulings and schemes. And we continue this work. Just today, we opened an in-depth investigation into Luxembourg s tax treatment of the French electric utility company Gsdr Babcock snaps up LGE Process for pound;23m
Thursday 28 January 2010 8:46 pm|Updated:Saturday 01 June 2019 11:08 amHM sees profits leap as it hits the global expansion trail againBy: KCS-contentShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleSWEDISH retailer HM yesterday said it would open 240 new stores this year in Europe, Asia and the US after net profits rose in 2009.Group profit after tax rose by seven per cen
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t to 16.38bn kronor pound;1.39bn compared to 15.3bn kronor in 2
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008.HM said most of the new stores will be in the US, Britain, China, France, Germany and Italy.But it will also open its first store in Seoul in the spring and a second one in the autumn. The company said it would also enter the Israeli market with stores in Tel Aviv, Jerusalem and Haifa. The group said in a statement: HMrsquo growth target is to increase the number of stores with 10-15 percent per year with continued high profitability. HM remains positive towards the future expansion and the companyrsquo business opportunities. The company, which employs 53,500 people, said sales excluding value-added tax amounted to 101.4bn kronor last year, an increase of 15 per cent compared to 2008. HM said net profit rose by a better-than-expected 21 per cent in the fourth quarter.Share this articleFacebookXLinkedInWhatsAppEmailSimilarly tagged content: SectionsNew
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