Massive tax scam cost Europe 55 bn euros: Report
Thursday, October 18, 2018, 5:15 PM
A gigantic years-long tax scam saw banks drain 55 billion euros from national treasuries in Europe, a far larger sum than previously thought, media from across the continent reported. The so-called "cum-ex" deals relied on complex tax trickery that allowed owners of shares to claim several times over refunds for tax paid only once on dividend payouts-effectively syphoning off taxpayers' money into investors' pockets.
Denmark mulls labelling food for climate impact
Wednesday, October 10, 2018, 1:15 PM
Denmark is planning to label food products with stickers that would rate their impact on the environment and climate. "We want to give consumers the means to assess in supermarkets the environmental impact of products," Danish officials said. Meanwhile, the Danish Agriculture and Food Council said nutritional value must not be forgotten alongside environmental impact.