Taxing your Big Mac

EC to probe McDonald’s tax arrangements with LuxembourgThe European Commission is to investigate McDonald’s over a tax arrangement with Luxembourg. It is not known what aspect of the group’s Luxembourg tax arrangements has triggered the state aid investigation but the decision to launch the probe follows a report on the “LuxLeaks” documents from the charity…

EU data fines

Business could face higher fines for data protection breaches  New laws proposed by the European Parliament could see businesses operating in the EU fined up to 4% of their annual global turnover for breaching data protection rules. The new rules would replace a patchwork of national laws dating back to 1995. Businesses have pushed back…

LIBOR SENTENCE

Lawyers to challenge Libor convictionThe Court of Appeal will begin hearing arguments today from lawyers for Tom Hayes, the first banker to be jailed for Libor rigging. Advocates for Mr Hayes, who was sentenced to 14-years, will ask Lord Thomas of Cwmgiedd, the Lord Chief Justice, Lord Leveson and Lady Justice Gloster to overturn the…

No abortion illegal 

NI abortion law “breaches human rights”Abortion legislation in Northern Ireland is in breach of human rights law, the Belfast High Court has ruled. The Northern Ireland Human Rights Commission brought the case to extend abortion to cases of serious foetal malformation, rape or incest. Currently, termination of pregnancy is only allowed if a woman’s life…

KPMG arrests

 KPMG hires lawyers to help with probe KPMG has appointed C&H Jefferson to help it with an investigation into four senior partners at the firm’s Belfast offices who were arrested on Thursday. HMRC raided KPMG’s offices last week as part of a probe into Jeap, a property investment company the four may have been using…

Whiplash Whiplash cash ban Cash payments for minor whiplash claims are be banned, George Osborne has announced, potentially saving the insurance sector as much as £1bn a year. In future, claimants who say they are suffering from whiplash after minor car bumps and scrapes will be offered physiotherapy and treatment by their insurers rather than…