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Vestager did say she welcomed actions taken by the Netherlands to reform its corporate taxation rules and to help to ensure that companies operate on a level playing field. The Commission said its new investigation concerned the tax treatment of two Nike companies based in the Netherlands – Nike European Operations Netherlands BV and Converse Netherlands BV – which market and record sales in Europe, the Middle East and Africa gucci cufflinks lion. They received licenses to use intellectual property rights of Nike and Converse products in the region in return for tax-deductible royalty payments to two other Nike entities also based in the Netherlands, but not taxable there..
The Commission said the royalty payments appeared higher than what independent companies would have agreed between themselves. As a result the Netherlands may have allowed the Nike companies to pay a lower amount of tax. If this was confirmed, it would amount to illegal state aid gucci cufflinks lion. The Commission will allow the Netherlands and interested parties to submit comments. The Commission is also conducting an in-depth investigation into Dutch tax rulings in favor of IKEA and an investigation into a tax scheme for multinationals in Britain..
LONDON (Reuters) – Britain’s biggest carmaker Jaguar Land Rover said it will cut around 4,500 jobs, mainly in its home market, as it tries to tackle a slowdown in China and a slump in demand for its diesel-powered vehicles gucci cufflinks lion. The firm, which employs about 40,000 people in Britain, also said it will begin producing electric drive units at its Wolverhampton engine plant and will create a new battery assembly center at Hams Hall near Birmingham as it develops a greener range of cars. “We are taking decisive action to help deliver long-term growth in the face of multiple geopolitical and regulatory disruptions as well as technology challenges facing the automotive industry,” said Chief Executive Ralf Speth..
DUBAI (Reuters) – Foreign investors flocked to buy Saudi Arabia’s first dollar bonds since Jamal Khashoggi’s death, in a clear vote of market confidence after the country’s reputation was damaged over the journalist’s murder. The finance ministry in Riyadh said on Thursday the order book for the $7.5 billion sale of longer-term debt sale peaked at $27.5 billion, with final pricing only a few basis points above corresponding secondary market yields. Almost all the paper was bought by foreign investors, with U.S.-based buyers in particular snapping up 40 percent of the bond due in 2029 and 45 percent of the note due in 2050 gucci cufflinks lion. Middle East buyers only got 3 percent and 2 percent of the two issues, respectively..
Riyadh’s stock among investors took a hit with the killing of Khashoggi in the Saudi consulate in Istanbul in October, for which a definitive explanation has yet to emerge, and as the humanitarian consequences of its war in Yemen have become clearer. But this week’s sale coincided with improved conditions across emerging markets, with yields compressing over the past few weeks, and Timothy Ash, senior emerging markets strategist at Bluebay Asset Management, on Wednesday called it “opportunistic” gucci cufflinks lion.