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Google to pay $185 million UK back taxes, critics want more

January 23, 2016 by · Leave a Comment 

Google has agreed to pay 130 million pounds ($185 million) in back taxes to Britain, prompting criticism from opposition lawmakers and campaigners who said the “derisory” figure smacked of a “sweetheart deal”. Google, now part of Alphabet Inc , has been under pressure in recent years over its practice of channeling most profits from European clients through Ireland to Bermuda, where it pays no tax on them. In 2013, the …

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Google to pay $185 million UK back taxes, critics want more

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VW China Chief: ‘volume isn’t everything’ in contest with GM

January 23, 2016 by · Leave a Comment 

Volkswagen AG's China chief said on Saturday he's optimistic in the company's outlook for this year, saying “volume isn't everything” in the competition with General Motors Co to lead the

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VW China Chief: ‘volume isn’t everything’ in contest with GM

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Iran oil minister says proposed OPEC emergency meeting may hurt market

January 23, 2016 by · Leave a Comment 

Iran's oil minister said on Friday any emergency meeting of the Organization of Petroleum Exporting Countries would hurt the crude oil market if it made no decision to shore up falling prices. Venezuela has been calling for an emergency meeting to discuss steps to prop up prices, which are at their lowest

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Iran oil minister says proposed OPEC emergency meeting may hurt market