Multinational corporation

The Ministry of Development has formally declared war on multinationals, imposing fines on the two largest companies in the consumer goods sector, Unilever and Procter & Gamble, a war that had been announced by the prime minister himself a few weeks ago.

The Competition Commission and the competent agencies of the Ministry of Development are investigating the pricing policies of multinational companies in the local market, as it is found that many products are sold in Greece at much higher prices than in other European countries with far greater purchasing power.

US Treasury Secretary Janet Yellen has called for a global minimum corporate tax rate for companies that work internationally.

United States are working with G20 nations to agree to a global minimum corporate tax rate that can stop the downstream said the Secretary to the Chicago Council on Global Affairs.

Protesting migrants who have stuck in Idomeni, Greece’s border with FYROM have caused rail services to be suspended resulting to serious economic consequences. Multi-national firms and Greek exporters face huge problems since they are not able to transfer their goods.

The European Commission ruled on Oct. 21 that Starbucks and Fiat benefited from illegal tax deals with the Dutch and Luxembourg governments, in cases with major implications for the taxation of multinational companies.