The European stock indexes closed sharply higher on Monday on signs of progress in U.S. negotiations to avert the looming $600 billion “fiscal cliff” of tax hikes and spending cuts.
Danish conglomerate AP Møller-Maersk has delivered a damning assessment of the state of the container shipping sector by signalling it will switch investment to its other businesses. The FT reports.
High tax levels in France have recently made the headlines, whether it be regarding the new 75 percent income tax, or over celebrities leaving the country on a quest for tax havens. But France’s main tax issue may lie elsewhere, Fanny Combourieu, lawyer at SJ Berwin, a law firm specializing in tax law, told CNBC.