Oliver Schmidt jailed for seven years for Volkswagen emissions scam

Oliver Schmidt jailed for seven years for Volkswagen emissions scam

A senior Volkswagen executive was sentenced to seven years in prison by a US court on Wednesday after being found guilty of concealing software used to evade pollution limits on nearly 600,000 diesel vehicles. Oliver Schmidt, a German national who was the general manager in charge of VW’s environmental and engineering office in Michigan, had pleaded guilty to his part in the cover-up and argued he was “misused” by VW in its attempts to circumvent US emissions tests. But at the sentencing in Detroit judge Sean Cox sided with the…

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The tax shift is benefiting Belgian employers

The tax shift is benefiting Belgian employers

The tax shift is benefiting Belgian employers. Belgium has dropped a place on the table of the most expensive countries for employers. In its 8th study of European salaries, Deloitte revealed Belgium has dropped from 2nd to 5th place in two years. “Despite the improvement in its position, Belgium is still among the most expensive as it has not capped employer costs”, Deloitte says. “Social security costs dropped to an average of 30.46% and will continue to drop, reaching 25% in 2019. Thanks to the tax shift, Belgium is in…

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The Dutch Prime Minister “does not want to end up like Belgium”

The Dutch Prime Minister “does not want to end up like Belgium”

The Dutch Prime Minister Mark Rutte “does not want to end up like Belgium”, he said during a press conference on Saturday. He had to defend his plan to scrap the tax on dividends. “Belgium now only has one international company: InBey. All the others have left”, he added. The Dutch Prime Minister wants to scrap the tax on dividends between now and 2019. Businesses in the Netherlands currently pay 15% tax on the dividends they pay to shareholders, but Mark Rutte believes it is damaging his country’s competitiveness. However,…

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Theresa May poised for early morning dash to Brussels over Brexit

Theresa May poised for early morning dash to Brussels over Brexit

Theresa May is ready make an early morning dash to Brussels as British negotiators worked through the night to find an agreement with the Democratic Unionist party and Irish government on how to avoid a hard border with Ireland. With the EU’s deadline rapidly approaching, the prime minister cleared her diary to travel to meet the European commission president, Jean-Claude Juncker, and the European council president, Donald Tusk, on Friday morning. The developments came as May edged closer to a deal with the DUP over the Irish border, as the…

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