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Belgium's $762 Million Tax Loophole Shut in EU Payback Order

2016-01-12 02:08:33| Appliances - Topix.net

The European Union ordered Belgium to recover about 700 million euros in illegal tax breaks given to at least 35 companies, including Anheuser-Busch InBev NVand BP Plc, as regulators continued a crackdown on overly generous tax schemes throughout the 28-nation bloc. The European Commission told Belgium to recoup the full unpaid tax, saying that excess-profit rulings allowed global corporations to reduce their tax base by as much as 90 percent.

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Beijing to shut 2,500 firms this year to fight pollution

2016-01-09 09:39:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Beijing will close 2,500 small polluting firms this year in its latest effort to combat pollution, state news agency Xinhua reported on Saturday, citing the municipal government. Pollution is a sensitive topic in China, with thousands of protests sparked every year by concerns about environmental degradation, particularly from factories. Four districts in the capital, which has been hit by bouts of choking smog this winter, will be required to shut down 2,500 companies by the end of the year,...

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Mondelez subsidiary Enjoy Life Foods plans to shut allergy-free snacks plant in Chicago

2016-01-08 01:00:00| Food Processing Technology

Enjoy Life Foods, a subsidiary of Oreo manufacturer and specialist in allery-free snacks Mondelez International, has plans to shut down its Schiller Park facility in Chicago, US.

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