Fideuram acquires a private equity bank in Luxembourg
Compagnie de Banque Privée Quilvest to be merged with Fideuram Bank Luxembourg of the Intesa Sanpaolo group to create a company with over €9 billion in assets under management
Stock exchange: FCA on shields, but yields on taxes in Luxembourg
The auto group benefits from the maxi industrial recovery plan announced by Germany and the near go-ahead for the loan guaranteed by Sace, and is among the best in the Ftse Mib. But in the meantime it sets aside 58,7 million in taxes for the…
Free public transport in Luxembourg: first country in the world
From Sunday 1 March in the small European state anyone will be able to travel for free on buses, trams and trains, as long as they are in second class and within national borders.
Glyphosate, Luxembourg bans its sale
First EU country to outlaw 15 types of packaging. The risks to health and the environment and the resistance of pesticide manufacturers.
Pessina, over 7 billion in profits for its holding company in Luxembourg
The profits of Alliance Santé Participations, the Luxembourg safe of Stefano Pessina and Ornella Barra, carried forward and after deducting the 126 million distributed as dividends, rose from 6,83 billion to 7,03 billion.
Amazon: the EU wants 400 million in taxes
The news was reported by the Financial Times which speaks of a figure corresponding to 400 million in taxes evaded. According to Brussels, the tax deal signed in 2003 between the company led by Jeff Bezos and Luxembourg under which…
Luxottica: Del Vecchio tightens the chain in Luxembourg
Delfin will absorb two sub-holdings
Pessina, CEO of Walgreens pharmacies: stellar profits
The Luxembourg holding of Stefano Pessina, the CEO of the Walgreens Boots Alliance pharmacies, marked a leap in profits in 2015 which rose to 4 billion euros
Banco Pop sells Luxembourg to B. Havilland
The sale price is approximately 21,5 million euro - Before the completion of the transaction, Banco Popolare Luxembourg distributed available reserves and repaid capital to the shareholder Banco Popolare for a total amount of 52 million.
Banco Popolare sells subsidiary in Luxembourg
A preliminary price of 30,9 million euro was agreed for the sale to Banque Havilland, to which must be added the net profit that the subsidiary will realize from the beginning of the year to the closing date - They will remain with Banco…
Amazon, the EU prepares intervention for state aid
The preliminary document of the EU Commission favors the start of the procedure. Amazon accused of having received tax aid from Luxembourg since 2003 - FCA, Apple and Starbucks also under the scrutiny of the European antitrust authorities
LuxLeacks, Juncker: "No conflict of interest"
European Commission President rejects allegations over tax deals European companies have entered into with Luxembourg government - 'I am fit to lead the Commission and I would definitely be re-elected today'
LuxLeacks: pressure on Juncker rises
The EPP defends the president of the EU Commission, the social democrats ask for clarifications - A frontal attack is coming from Bloomberg.
Amazon, EU opens investigation into Luxembourg tax treatment
Commissioner Joaquin Almunia: "It is right that the branches of multinationals pay their share of taxes and do not benefit from preferential treatment which would amount to disguised subsidies". The commission intensifies the action already started on the treatment for Fiat. The…
Fiat replies to the EU accusations, the stock rebounds in Piazza Affari
The company deems the tax ruling relating to Fiat Finance and Trade in Luxembourg legitimate: In any case, "the potential financial impact on the group is not significant", writes Lingotto in response to EU allegations of violation of rules on…
Stock market, Fiat still in the red: Ford's profit warning and the troubles with the EU Antitrust weigh heavily
The wave of sales on the Lingotto stock continues - The drop is linked to two factors: the profit warning launched by the American Ford and the accusations by the European Antitrust for the agreement signed in 2012 between Fiat Finance and the tax authorities of…
Stock Exchange, the European Antitrust weighs on Fiat
In a letter published today, Brussels argues that the 2012 agreement between the Luxembourg tax authorities and Fiat Finance and Trade constitutes state aid, violating the competition rules of the EU internal market - The news sinks…
Italy-Luxembourg: the agreement on the exchange of information against fraud is law
The agreement between Italy and Luxembourg signed on 21 June 2012 becomes law after approval by the Senate with a large majority - The measure aims to avoid double taxation on assets and income, preventing fraud and tax evasion.
Tax, EU: Luxembourg and Austria accept automatic exchange of information
After a long back and forth, Luxembourg and Austria have abandoned bank secrecy on taxation, to apply the global standard on automatic information - All EU member states will now practice automatic exchange on the taxation of savings of…
Mincione transfers Bpm stake to Luxembourg
Raffaele Mincione has transferred his stake in Bpm to Luxembourg, transforming it from a trust into a fund, in view of the shareholders' meeting of the Milanese institute on 21 December for the renewal of the supervisory board.
Della Valle: leaves Luxembourg, ok to merge Dorint with Italian parent company
The operation aims at a partial reorganization and the achievement of greater simplicity of the corporate structure of the Della Valle group.
EU, Luxembourg: goodbye to banking secrecy since 2015
Starting from 2015 January XNUMX, Luxembourg will begin the exchange of information on current accounts with other EU countries - this was announced by Prime Minister Jean-Claude Juncker, in front of Parliament.
More optimism on the stock exchange: thanks Germany. And luxury runs in Piazza Affari
The German Zew index on business confidence, better than expected, gives a (positive) jolt to European stock markets - Piazza Affari also gains, where the luxury effect is also felt: Prada's good accounts give confidence to all sector…
Dexia: agreement reached with the three states for guarantees, now under EU scrutiny
An agreement has been presented to the European Commission between Belgium, France and Luxembourg which plan to provide temporary guarantees to the credit institution for a maximum value of 45 billion euros - In Brussels the task of evaluating whether the plan…