EU economy reaches landmark decision on multinational tax transparency

EU economy reaches landmark decision on multinational tax transparency

The EU’s co-legislators reached a provisional political agreement on the public country-by-country reporting (CBCR) directive, which will allow the public and tax authorities to see what taxes are being paid and where, but there’s a but. The new system will be limited to the EU countries and certain countries that are considered to be non-compliant with tax norms. “Corporate tax avoidance and aggressive tax-planning by big multinational companies are believed to deprive EU countries of more than €50 billion of revenue per year. Such practices are facilitated by the absence…

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Germany to speed up wind and solar energy expansion

Germany to speed up wind and solar energy expansion

The German government plans to speed up the expansion of wind and solar energy by 2030 as part of its climate protection programme, a draft law seen by Reuters showed on Wednesday (2 June). The new plan aims to expand installed production capacity of onshore wind energy to 95 gigawatts by 2030 from a previous target of 71 GW, and of solar energy to 150 GW from 100 GW, the draft showed. Germany’s installed capacity of onshore wind power stood at of 54.4 GW and of solar energy at 52…

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Belgian Sport bar launches bacon beer

Belgian Sport bar launches bacon beer

Flavoured beers have been increasingly in style for a long time, but one Belgian burger bar is aiming to turn heads with its soon to be released bacon Beer. To celebrate the reopening of indoor dining the Huggy’s Bar worked in partnership with Brasserie C – a brasserie in the centre of Liege – to create the meaty draft. “Not all of our burgers have bacon, but when we add a few slices, it immediately becomes something else,” Thomas Mémurlin, CEO of Huggy’s Bar told the press. “So we thought…

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Five million Belgians are vaccinated with at least one dose

Five million Belgians are vaccinated with at least one dose

Vaccines: Over five million Belgians have gotten their first dose. Over five million persons in Belgium have received at least a first dose of a vaccine against the Coronavirus (COVID-19), according to data published on Sunday on the website of the Sciensano public health institute. Half of this number, about 27.1% of the adult population, also received a second dose. Fewer than 1,000 persons infected with COVID-19 are still hospitalised in Belgium, a level lower than any other tally since early October. The exact number was 979 on Saturday, 19%…

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