June 4, 2019 Euro area (EA19) annual inflation is expected to be 1.2% in May 2019, down from 1.7% in April according to a flash estimate from Eurostat, the statistical office of the European Union. Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in May (3.8%, compared with 5.3% in April), followed by food, alcohol & tobacco (1.6%, compared with 1.5% in April), services (1.1%, compared with 1.9% in April) and...

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May, 31, 2019 The international community has agreed on a road map for resolving the tax challenges arising from the digitalisation of the economy, and committed to continue working toward a consensus-based long-term solution by the end of 2020, the OECD announced today. The 129 members of the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS) adopted a Programme of Work laying out a process for reaching a new global agreement for taxing multinational enterprises. The document, which calls for...

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June 3, 2019 The European Commission has cleared the acquisition of a joint venture by VW Group, Intel and Allied Holdings, and the acquisition of Euroports by MRG, PMV and SFPI-FPIM. Commission clears acquisition of a joint venture by VW Group, Intel and Allied Holdings: The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of a newly created joint venture by Volkswagen Finance Luxembourg S.A. (“VWFL”) of Luxembourg, Mobileye Vision Technologies Ltd. (“Mobileye”) and Champion...

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