World Blacklist of tax havens. The European Union gives Turkey one last chance
Amazon 'paying less business rates than retailers'
Amazon has been accused of paying less business rates tax than British bricks and mortar retailers. © Getty Images The online retail giant's recent financial results revealed that UK sales for 2020 totalled $26.5bn (£19.3bn) - a 51% jump from $17.5bn in 2019.Amazon added that its business rates bill for 2020-2021 came to £71.5m - just 0.37% of its retail sales.Researchers say this is far lower than what the retail sector typically pays.Amazon insists that it pays its tax and has created thousands of jobs in the UK.
Ankara has obtained a suspension to supply the elements requested by the Europeans. Failure to do so by October, the European Union could include Turkey on its list of tax havens.
postponed to October a possible listing of on and has put Ankara on formal notice to respect its commitments in terms of tax evasion by June, several diplomats said Tuesday, February 16, 2021.
Turkey is accused of failing to comply with international standards for automatic exchange of tax information.
A year ago, Brussels asked Ankara to come into good standing before the end of 2020. But Turkey has failed to meet this deadline, citing laborious checks to determine the tax residency of its millions of EU nationals.
Tesco tells Sunak 'hit online shops with sales tax'
Boss Ken Murphy has asked Chancellor Rishi Sunak for a "level playing field" when it comes to tax.Boss Ken Murphy has also joined bosses at Morrisons, Asda and Waterstones to ask Chancellor Rishi Sunak for a "level playing field" when it comes to tax.
Five European countries impose an ultimatum on Ankara
Faced with this lack of cooperation, a group of five countries (Austria, Cyprus, France, Greece, Denmark) defended a hard line, demanding at least strict conditions, with specific dates , to grant a new delay which would then be the last.
Another group, around Germany, categorically refused to be blacklisted at this point and wanted "a little less strong language" .
A compromise was adopted ahead of a meeting of EU finance ministers (Ecofin) on Tuesday. According to several European diplomatic sources, he plans to force Ankara to set up, by June, the automatic exchange of tax information with the six EU countries for which it does not exist. again.
In addition, by September 1, Turkey must have communicated the information for the year 2019 to all Member States.
Amazon's own investors are reportedly telling the company to stop pressuring warehouse workers who have begun to vote on forming the firm's first union
Amazon investors are telling the firm to stop interfering in a unionization vote, the FT reported. Alabama warehouse workers are currently voting on whether to form the firm's first-ever union.Nearly 6,000 workers at an Alabama warehouse are voting on whether to form a union, the first in the history of Amazon, which has long been staunchly opposed to its employees unionizing. The workers were due to receive their ballots on Monday as part of a mail-in election and have until March 29 to place their vote.
In the event of non-compliance, it will be subject to entry on the blacklist of tax havens in October, during the next update of this list, which takes place twice a year.A context complicated by tensions between Greece and Turkey
Relations between the EU and Turkey have been strained since Ankara has carried out several gas explorations in Greek waters in recent months, causing a diplomatic crisis with Athens. Turkey and Greece, however, resumed dialogue at the end of January.
Some Member States wanted the blacklist decision to take into account the diplomatic context and European interests beyond just tax issues. Others fear, on the contrary, that it will turn into a political weapon, when its criteria were supposed to be technical and objective.
This list, supposed to fight against the tax evasion of multinationals and big fortunes, was created in December 2017 after several scandals, including the "Panama Papers" and "LuxLeaks" . Sanctions against "blacklisted" countries may include the freezing of EU funds.
On Tuesday, the EU decided to remove Barbados from the blacklist and add Dominica, which joins eleven other countries: Anguilla, American Samoa, Fiji, Guam, Palau, Panama, Samoa, Seychelles , Trinidad and Tobago, the US Virgin Islands and Vanuatu.
EU: targeted sanctions in Russia, privileged diplomacy for Burma .
© REUTERS - YVES HERMAN Brussels, February 22: Josep Borrell, head of European diplomacy welcomed his counterparts for a council largely devoted to the sanctions that could be taken against countries that violate fundamental rights. The 27 foreign ministers of the European Union are physically meeting in Brussels for the first time this year. On the menu of their discussions: the situation in Hong Kong, Russia, Venezuela and Burma.