The European Union wants to take tougher action against cross-border tax evasion. The EU wants tax havens to end the secrecy over bank accounts. The EU alone loses one trillion euros a year through tax evasion.
The EU has slammed US President Donald Trump's plans to raise tariffs of up to 25 percent on imported cars. 'A solution in search of a problem' is how EU trade commissioner Cecilia Malmstrom put it.
Airbnb has been handed an ultimatum by the European Union, who have instructed them to abide by their rules or risk financial penalties. According to the EU Commission, Airbnb's pricing is not sufficiently transparent.
Chinese authorities have issued new rules to make it harder for movie stars to evade tax. Beijing is looking to cap the salaries of actors following a series of fake contracts aimed at falsifying income declarations.
US President Donald Trump has hit out again at US trading partners, indicating he is ready to impose tariffs on every product imported from China into America. Trump also ramped up attacks on the EU and Federal Reserve.
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