Tag Archives: EU

Google is a success story and the European Commission fined them a record $2,7 billion today

Google is a success story and the company is up over 40% since June last year. The company is well-known for its search engine which is the best in the world. Some people in this world doesn`t like this success and one of them is the European Commission.

The European Commission have received many complaints from competitors who claimed that Google abused its search market dominance to give its own business an advantage over other retailers. This is a clear picture of the relationship between Europe and the U.S right now.

 

 

“What Google has done is illegal under EU antitrust rules. It denied other companies the chance to compete on the merits and to innovate. And most importantly, it denied European consumers a genuine choice of services and the full benefits of innovation,” European Competition commissioner Margrethe Vestager said in a statement.

The European Commission has been working on this case for over seven years, and the action came after complaints from rivals such as Yelp, TripAdviser, UK price comparison site Foundem, News Corp and lobbying group FairSearch.

This is not the first time the European Commission has attacked a U.S company. Last year they attacked Apple, and at that time, Commissioner Margrethe Vestager, in charge of competition policy said: “Member States cannot give tax benefits to selected companies.

This is illegal under EU state aid rules. The Commission`s investigation concluded that Ireland granted illegal tax benefits to Apple, which enabled it to pay substantially less tax than other businesses over many years. In fact, this selective treatment allowed Apple to pay an effective corporate tax rate of 1% on its European profits in 2003 down to 0,005% in 2014.”

Apple has their own tax structure in Europe, which is Apple Sales International and Apple Operations Europe. Both are two Irish incorporated companies that are fully owned by the Apple group.

In 2001, the European Commission sent a sternly worded missive to Microsoft. EU accused the software maker of having illegally extended its dominance in operation systems for personal computers (PC`s) into adjacent markets, for tying Windows to programs that play music and videos.

The European Commission said Microsoft was too dominant in the market in 2001. Last year they claimed Google was too dominant in the internet search market. Google were also ruling the smart phone market with their Android system, which will be their next problem.

EU regulators in Brussels fined Google a record $2,7 billion today, ruling that the search-engine giant violated antitrust rules for its online shopping practices, and this is the largest doled out by Brussels.

Google disagreed with the EU action.

«We respectfully disagree with the conclusions announced today (Tuesday).We will review the (European) Commissions decision in detail as we consider an appeal, and we look forward to continuing to make our case,» Kent Walker, Googles Senior vice-president and General Counsel, said in a statement today.

It doesnt stop here. Next time, Brussels will attack Googles Android mobile operating system, which is a case that could potentially be the most damaging for Google.

Theodore Roosevelt led a populist party in 1912, and Ralph Nader campaigned against the power of large corporations such as auto companies. Now, 105 years later, EU is doing the same.

 

 

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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The Labour Party`s leader Jeremy Corbyn is a self-confessed Marxist

Theresa May will have a meeting with her new cabinet today which is a bit angry. The Tory members of Parliament are blaming May for the catastrophic election campaign that cost her party (the Conservatives) their parliamentary majority.

The party that took seats from May and her party was the Labour party, and the man behind that party is Jeremy Corbyn. This is a man who said the Labour Party is ready to serve Britain. Labour`s 9,6% vote swing was its largest since 1945. Who is Jeremy Corbyn?

 

 

Jeremy Bernard Corbyn is born 26 May 1949. He is a British politician who has served as Leader of the Labour Party and Leader of the Opposition since 12 September 2015. He has been the Member of Parliament (MP) for Islington North since 1983.

His parents were peace campaigners who met in the 1930`s at a committee meeting in support of the Spanish Republic at Conway Hall during the Spanish Civil war. While still at school, Corbyn became active in the Wrekin constituency young Socialists, his local Labour Party, and the League Against Cruel Sports.

As a backbench MP Corbyn was known for activism and rebelliousness, frequently voting against the Labour whip, including when the party was in government under New Labour leaders Tony Blair and Gordon Brown.

As Labour leader, Corbyn advocates reversing austerity cuts to public services and welfare funding made since 2010, and proposes renationalisation of public utilities and the railways.

A longstanding anti-war and anti-nuclear activist. Corbyn supports a foreign policy of military non-interventionism and unilateral nuclear disarmament. He was the national chair of the Stop the War Coalition and a member of the Socialist Campaign Group until his election as leader of the Labour Party.

In the snap election 2017, Corbyn and his Labour party went to be the second biggest party in parliament, and they increased their shares of the popular vote to 40%, resulting in a gain of 32 seats, and a hung parliament.

In the early 80`s he spoke in a debate, describing a motion calling for greater support for law and order as «more appropriate to the National Front than to the Labour Party».

He worked on Tony Benns unsuccessful deputy leadership campaign in 1981. He was keen to allow former International Marxist Group member Tariq Ali to join the party, despite Labours National Executive having declared him unacceptable, and declared that «so far as we are concerned…. hes a member of the party and hell be issued with a card.

In May 2015 he wrote for the Morning Star, saying that «the Star is the most precious and only voice we have in the daily media»

Corbyn was a campaigner against apartheid in South Africa, serving on the National Executive of the Anti-Apartheid Movement, and was arrested in 1984 while demonstrating outside South Africa House.

In the Main Stream Media (MSM) we can still see articles about people’s own Facade, telling you that you shouldn`t care much about how you look like. Your hair, back, stomach, your wight and so on.

During the BBC`s Newsnight in 1984, Conservative MP Terry Dicks asserted that so-called Labour scruffs (such as Corbyn, who at this time was known for wearing open-necked shirts to the Commons) should be banned from addressing the House of Commons unless they maintained higher standards.

Corbyn responded, saying that: «its not a fashion parade, its not a gentlemans club, its not a bankersinstitute, its a place where the people are represented.

 

 

In 1984 Corbyn and Ken Livingstone were criticised for inviting two convicted Provisional IRA members as well as Gerry Adams and other members of the Irish Republican party Sinn Fèin to Westminster three weeks after the Birmingham hotel bombing, an attack carried out by the IRA that killed five people.

He became known during the 1980s for his work on behalf of the Guildford Four and Birmingham Six, who were eventually found to have been wrongly convicted of responsibility for a series of bombings carried out in England in the mid-1970s by the IRA that killed 28 people.

Corbyn was arrested in 1986 for protesting the trial of a group of IRA members including the Brighton Bomber Patrick Magee. Magee was convicted of murdering five people and the group were convicted of planning a «massive bombing campaign in London and seaside resorts».

In the early 1990s, MI5 opened a file on Corbyn over fears his IRA links meant he could have been a threat to national security. The metropolitan Polices Special Branch was also monitoring Corbyn at the time, and continued to monitor him for two decades over fears he was attempting to «undermine democracy».

According to Andrew Gilligan in The Sunday Times, following research in Irish and Republican archives, Corbyn was involved in over 72 events connected with Sinn Fein, or other pro-republican groups, during the period of the IRA`s paramilitary campaign.

Corbyn supported the campaign to overturn the convictions of Jawad Botmeh and Samar Alami for the 1994 bombing of the Israeli Embassy in London; Botmeh and Alami had admitted possessing explosives and guns but denied they were for use in Britain.

The convictions were upheld by the High Court of Justice in 2001 and by the European Court of Human Rights in 2007.

The left-wing Jacobin magazine described Corbyn as «a figure for decades challenged them (Labour Party elites) from the backbench as one of the most rebellious left-wing members of parliament.»

After members of Islamic State carried out terrorist attacks in Paris in November 2015, Corbyn suggested that the only way to deal with the threat posed by the jihadist group would be to reach a political settlement aimed at resolving the Syrian Civil War.

Speaking at a regional party conference in Bristol on 21 November, Corbyn warned against «external intervention» in Syria but told delegates that Labour would «consider the proposals the Government brings forward.

Corbyn said in a letter that he could not support military action against Islamic State: «The issue (IS) wether what the Prime ministers proposing strengthens, or undermines, our national security… I do belive the current proposal for air strikes in Syria will protect our security and therefore cannot support it.»

Corbyn agreed that Labour MP`s would be given a free vote on air strikes when the issue was voting on two days later. A total of 66 Labour Mps voted for the Syrian air strikes, while Corbyn and the majority of labour Mps voted against.

Following the June 2016 vote to leave the EU, Corby was accused of «lukewarm» campaigning for Britain to stay in the European Union and showing a «lack of leadership» on the issue by several party figures.

Alan Johnson, who headed up the Labour in for Britain campaign said «at times» it felt as if Corbyns office was «working against the rest of the party and had conflicting objectives». Corbyns decision to go on holiday during the campaign was criticised.

In September 2016, Corbyn`s spokesman said Corbyn wanted access to the European Single Market, but there were «aspects» of EU membership related to privatisation «which Jeremy campaigned against in the referendum campaign.

Corbyn has campaigned against Private Finance Initiative (PFI) schemes, supported a higher rate of income tax for the wealthiest in society, and his shadow chancellor proposed the introduction of a £10 per hour living wage.

Corbyn opposes austerity, and has advocated an economic strategy based on investing-to-grow as opposed to making spending cuts. During his first Labour leadership election campaign, Corbyn propsed that the Bank of England should be able to print money for capital spending, especially housebuilding, instead of quantitative easing, which attempts to stimulate the economy by buying assets from commercial banks. He described it as «People`s Quantitative Easing».

Corbyn has been a consistent supporter of renationalising public utilities, such as the now-privatised British Rail and energy companies, back into public ownership. Initially Corbyn suggested completely renationalising the entire railway network, but would now bring them under public control «line by line» as franchises expire.

Corbyn has been vocal on Middle East foreign policy. He is a member of the Palestine Solidary Campaign, campaigning against conflicts in Gaza and what the organisation considers to be apartheid in Israel.

He belive Hamas is «an organisation dedicated towards the good of the Palestinian people,» and said that the British government`s labelling of Hamas as a terrorist organisation is «a big, big historical mistake.»

Corbyn would like to pull the United Kingdom out of NATO, and he is a longstanding supporter of unilateral nuclear disarmament. In April 2014, Corbyn wrote an article for the Morning Star attributing the crisis in Ukraine to NATO.

He said the «root of the crisis» lay in «the drive to expand eastwards» and described Russia`s actions as «not unprovoked». He has said it «probably was» a mistake to allow former Warsaw Pact countries to join NATO.

Corbyn was a proponent of the Venezuela Solidarity Campaign and is a longtime supporter of the Cuba Solidarity Campaign, which campaigns against the US embargo against Cuba and supports Cuban Revolution.

After the death of socialist President of Venezuela Hugo Chàvez Corbyn thanked him on Twitter, saying «He made massive contributions to Venezuela & a very wide world».

 

 

In November 2016, following the death of Fidel Castro, Corbyn said that Castro, despite his «flaws», was a «huge figure of modern history, national independence and 20th Century socialism. Castros achievements were many.» Internal Labour party critics of Corbyn accused him of glossing over Castros human rights abuses.

Corbyn has previously been a left-wing Eurosceptic, and backed a proposed referendum on British withdrawal from the European Union in 2011. Additionally, he accused the EU of acting «brutally» in the 2015 Greek crisis by allowing financiers to destroy its economy.

Despite earlier comments during the leadership campaign that there might be circumstances in which he would favour withdrawal, in September 2015, Corbyn said that Labour would campaign for Britain to stay in the EU regardless of the result of Cameron`s negotiations, and instead «pledge toreverse any changes» if Cameron reduced the rights of workers or citizens.

He also belived that Britain should play a crucial role in Europe by making demands about working arrangements across the continent, the levels of corporation taxation and in forming an agreement on environmental regulation.

In June 2016, in the run-up to the EU referendum, Corbyn said that there was an «overwhelming case» for staying in the EU. In a speech in London, Corbyn said: «We, the Labour Party, are overwhelmingly for staying in, because we belive the European Union has brought investment, jobs and protection for workers, consumers and the environment.»

Corbyn also criticised media coverage and warnings for both sides, saying that the debate had been dominated too much by «myth-making and prophecies of doom».

Jeremy Corbyn admitted his passion for staying in the EU was «seven, or seven and a half» out of ten. He said he voted «Remain» but now says he would respect the results of the referendum if he gains power.

Mays Conservatives got the most votes and the most seats, but no one is calling her a winner, and her survival is in doubt. Meanwhile Corbyns band of supporters is riding a most unexpected wave.

Jeremy Corbin can be the next President. A man who backs higher taxes, nuclear disarmament, and state control of industries. In addition; he has a history of closeness to extremist groups including IRA (Irish Republican Army).

Brexit negotiations will begin on 19 June 2017.

 

 

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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Emmanuel Macron has 62% of the vote while Jaques Chirac had 82,2% against Marine Le Pen`s father in 2002

People in France are at a very critical moment as they need to vote for a pro-European liberal or a far-right challenger. Voters in France will not only vote for France`s future but also for its place in the European Union.

Whats so special about this election is that the Socialist party and the center-right that have run France since the 1950s is out of the game with their old models. No matter what the winner is, the new President of France will have an agenda for change.

So, who is the next President of France?

 

 

The difference between Macron and Le Pen is that Macron want to stay in the European Union and Le Pen want to get out as soon as possible. They talked about it in a TV debate earlier this week. Emmanuel Macron also had this to say about Le Pen and her right-wing party:

“The France I want will not be divided. To make that happened we will need to leave a system that produced them. You are the co production of the system you are denouncing because you living thanks to it. You are its parasite!”

Wow! That was heavy stuff. «War declared» was also the headline in front of the newspaper in France earlier this week, and that was a message from Ms. Le Pen. There is no doubt; there is a war out there. The globalists vs The Populists.

Its a Populist wave in Europe, but we saw in Netherland that the Populists are still a minority. People in Netherland didnt want them. The latest poll in France is telling us that Macron will win by 62% which is a big victory.

But its not as good as Jacques Chiracs victory in 2002. He won 82,2% of the vote against the far-right candidate Jean-Marie Le Pen, which is the father of Marine Le Pen.

Chirac`s internal policies initially included lower tax rates, the removal of price control, strong punishment for crime and terrorism, and business privatization. After pursuing these policies as Prime Minister in 1986 – 1988, he changed his method.

He argued for more socially responsible economic policies, and he was elected in 1995 after campaigning on a platform of healing the “social rift” (fracture sociale).

Then, Chiracs economic policies, based on dirigisme, state-directed ideals, stood in opposition to the laissez-faire policies of the United Kingdom, which Chirac famously described as "Anglo-Saxon ultraliberalism". Chiracs religion is Roman Catholicism just like Emmanuel Macron.

There is a war going on and some of the weapons is «fake news». During the heated and sometimes vicious TV debate, Le Pen told Macron she hoped “we will not find out that you have an offshore account in the Bahamas”.

That was a reference to documents circulating on the internet that linked Macron to a Caribbean bank and was easily identifiable as forgeries. Macron swiftly rejected the comment as «defamation».

Paris prosecutors have launched a preliminary investigation into whether the fake news was being used to influence Sunday`s election runoff. Are we facing the same tactic as we saw during the American election?

“Macron came to Greeces aid during our crisis. The left should back him, Yanis Varoufakis said. Former President Obama said: «Im not planning to get involved in many elections now that I don`t have to run for office again, but the French election is very important to the future of France and the values that we care so much about”.

He added: “I have admired the campaign that Emmanuel Macron has run. He has stood up for liberal values. He put forward the vision for the important role that France plays in Europe and around the world. And he has committed to a better future for French people. He appeals to people`s hopes, and not their fears.”

I look forward to Sunday.

 

 

 

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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The European Commission attacks – again!

Europe are attacking big U.S companies and want more money from them. Last year Europe attacked Google. Now they are attacking Apple. Based on a two-year long investigation, the European Commission has ordered Apple to pay about $14 billion in back taxes for its subsidiaries in Ireland.

$14 billion? Wow!

taxapple

Last year, the European Commission EU said that Google was too dominant in three related markets. They also said that Google is using that position to distort competition and the EU claims that Google limits access to key aspects of the Android ecosystem by insisting that phone markers install Google search and Chrome apps.

Not only that. The EU also said that Google block phone makers from producing phones that run alternative versions of Android and that EU also believes that Google has illegally paid makers and other mobile phone companies to preinstall Google search exclusively.

This is not the first time EU has attacked big U.S companies.

In 2001, the European Commission sent a sternly worded missive to Microsoft. EU accused the software maker of having illegally extended its dominance in operating systems for personal computers (PC`s) into adjacent markets, for tying Windows to programs that play music and videos.

The European Commission said Microsoft was too dominant in the market in 2001. Last year they claimed Google was too dominant in the internet search market. Google are now ruling the smart phone market with their Android system.

Now, they are attacking Apple. Not because they are too big, but because they are having a good agreement with Ireland that allows Apple to pay less tax than other businesses. The European Commission has concluded that Ireland must recover the illegal aid.

Commissioner Margrethe Vestager, in charge of competition policy, said: «Member States cannot give tax benefits to selected companies – this is illegal under EU state aid rules. The Commission`s investigation concluded that Ireland granted illegal tax benefits to Apple, which enabled it to pay substantially less tax than other businesses over many years. In fact, this selective treatment allowed Apple to pay an effective corporate tax rate of 1% on its European profits in 2003 down to 0,005% in 2014.

Apple`s provisions for income taxes outside of the United States amounted to «just» about $5 billion in that period. You can imagine what the amount is if Apple paid an effective tax rate ranging from 1% in 2003 to 0,005% in 2014 on its European profits at that time?

For instance, Apple paid an effective tax rate of 26,1% in the U.S in 2014, with income taxes adding up to almost $60 billion in the period between 2003 and 2014.

But Apple has their own tax structure in Europe, which is Apple Sales International and Apple Operations Europe. Both are two Irish incorporated companies that are fully owned by the Apple group.

Apple Sales International and Apple Operations Europe make yearly payments to Apple in the US to fund research and development efforts conducted on behalf of the Irish companies in the US. These payments amounted to about $2 billion in 2011 and significantly increased in 2014.

The European Commission claims that only a fraction of the profits of Apple Sales International were allocated to its Irish branch and subject to tax in Ireland. The remaining vast majority of profits were allocated to the «head office», where they remained untaxed.

If you are too dominant, they will attack you. If you are too big, they will attack you. If you are too popular, they will attack you. If you don`t pay much tax, they will also attack you. The EU system will find something anyway.

Apple and Ireland both said they disagreed with the record penalty and would appeal against it. What is the end of this story if we face a government that don`t want the money? And is it a problem for a company that made a net profit of $53bn in the 2015 financial year?

What is the next US company to be attacked by Europe?

 

asphalt

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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“Brexit” could trigger World War III, Prime Minister David Cameron said

Europe can be on a brink of a new war. Again! Wow, it`s been a long time since the last big war in Europe. Is time for a new one? We have many «triggers» out there, and it seems like everything blows up to a perfect storm.

Prime Minister David Cameron said that peace in Europe can be threatened if people in Britain votes to leave the European Union. David Cameron arguing that EU is a peace project and UK has regretted «turning its back» on Europe in the past.

David Cameron wants to stay in the European Union and many people agree with him. But not all of them. Boris Johnson are on the opposite side. He sparked criticism when he suggested the conflict in Ukraine was an example of «EU foreign policy-making on the hoof».

 

brexit

 

Former Swedish prime minister Carl Bildt branded him an !apologist for Putin». Boris Johnson said the comments were «absolutely contemptible» and called for and apology. He repeatedly condemned Russia`s actions in Ukraine.

Earlier this week, NATO members warned about a «Brexit». In an open letter to Daily Telegraph, they said it would be «very troubling» if the UK jumps out ot the European Union membership. Camerons warning was bolstered by five former secretary generals of the Wests military alliance Nato. Lord Peter Carrington, Javier Solana, Lord George Robertson, Jaap De Hoop Scheffer and Anders Fogh Rasmussen bolstered Cameron`s warning.

David Cameron said in a speech earlier this week that Britain must stay in the EU to help prevent the Continent being ripped apart by another conflict. He also said that «Brexit» could trigger World War III, also claiming that the government doesn`t have any plans for a «Brexit».

Wow, who wants to go for a «Brexit» on the June 23 referendum?

Mr. Cameron also said: «Can we be so sure peace and stability on our continent are assured beyond any shadow of doubt? Is that a risk worth taking? «I never be so rash to make that assumption.»

A few hours later, Mr Cameron was attacked by Boris Johnson, who said: «People should think very hard before they make these kinds of warnings».

Just look at the history, and what Cameron referred to in Britains role in «pivotal moments in European history: Blenheim, Trafalgar, Waterloo, our countrys heroism in the Great War and, most of all, our long stand in 1940.

Cameron also said: «What happens in our neighbourhood matter to Britain. That was true in 1914, 1940, 1989…and it is true in 2016.»

Mr Cameron also recalled how Winston Churchill «argued passionately for Western Europe to come together, to promote free trade and build institutions which would endure so our continent would never again see such bloodshed».

A YouGov poll for Good Morning Britain found 42% of voters back In and 40% Out.

 

skjold5

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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