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“Europe, forget U.S. interests! NATO expansion poor policy,” blasts MEP Permuy
Video ID: 20140916-017 SOT, Javier Couso Permuy, Member of European Parliament (in Spanish): “I've been rather struck by the belligerent tone of some comment…

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"Europe, forget U.S. interests! NATO expansion poor policy," blasts MEP Permuy – Video

Plans for a major rewriting of international tax rules unveiled on Tuesday could eliminate structures that have allowed companies like Google and Amazon to shave billions of dollars off their tax bills.

The Organisation for Economic Co-operation and Development announced a series of measures that, if implemented by members, could stop companies from employing many commonly used practices to shift profits into tax havens.

According to Reuters, corporate tax avoidance has become a hot political topic following media coverage and parliamentary investigations into the arrangements many big companies use to cut their tax bills.

Amazon and Google say they pay all the taxes they should. Analysts say competitive pressures force companies to seek to minimise all costs, including tax.

Last year, the Group of 20 leading economies asked the OECD to develop an action plan to tackle the problem.

Big United States technology companies could be those most affected by the OECDs plans but others could also be impacted including pharmaceuticals and branded consumer goods, as well as many European companies.

The draft proposals announced have been agreed by all G20 members and OECD members, which include most major industrialised countries, the OECD said in a statement.

But the measures form part of a larger (tax) base erosion and profit shifting programmme that will conclude next year. Only then will countries look at enshrining the results of the programme in law.

For more than 50 years, the OECDs work on international taxation has been focused on ensuring companies are not taxed twice on the same profits. The fear was that this would hamper trade and limit global growth.

Over the years, the OECD has formulated a standardised model tax treaty which allows countries to split taxation rights and avoid double taxation, partly by providing reliefs from measures intended to stop tax avoidance, like withholding taxes.

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Plans unveiled to crack corporate tax avoidance

September 17, 2014

Plansfor a major rewriting of international tax rules unveiled onTuesday could eliminate structures that have allowed companies likeGoogle Inc and Amazon.com Inc to shave billions of dollars offtheir tax bills. The Organisation for Economic Co-operation andDevelopment (OECD) announced a series of measures that, ifimplemented by members, could stop companies from employing manycommonly-used practices to shift profits into tax havens.

Corporate tax avoidance has become a hot political topic following media coverage and parliamentary investigations into the arrangements many big companies use to cut their tax bills. Amazon and Google say they pay all the taxes they should. Analysts say competitive pressures force companies to seek to minimise all costs, including tax.

Last year, the Group of 20 leading economies asked the OECD to develop an action plan to tackle the problem. Big US technology companies could be those most affected by the OECD’s plans but others could also be impacted including pharmaceuticals and branded consumer goods, as well as many European companies.

The draft proposals announced have been agreed by all G20 members and OECD members, which include most major industrialised countries, the OECD said in a statement. But the measures form part of a larger ‘(tax) base erosion and profit shifting’ programme that will conclude next year. Only then will countries look at enshrining the results of the programme in law.

For more than 50 years, the OECD’s work on international taxation has been focused on ensuring companies are not taxed twice on the same profits. The fear was that this would hamper trade and limit global growth. Over the years, the OECD has formulated a standardised model tax treaty which allows countries to split taxation rights and avoid double taxation, partly by providing reliefs from measures intended to stop tax avoidance, like withholding taxes.

But companies have been using such treaties to ensure profits are not taxed anywhere. For example, search giant Google takes advantage of tax treaties to channel more than $8 billion in untaxed profits out of Europe and Asia each year and into a subsidiary that is tax resident in Bermuda, which has no income tax. Google Executive Chairman Eric Schmidt has said changes to tax rules that increased its tax bill would hit innovation. The OECD’s proposals would make amendments to its model treaty so that cross-border transactions would not benefit from the reliefs in tax treaties if a principal reason for engaging in the transactions was to avoid tax.

“We are putting an end to double non-taxation,” OECD head of tax Pascal Saint-Amans said in a call with journalists. The think tank, which also advises members on economic policy, also wants curbs on how much profit companies can report in centralised inter-company lending and purchasing arms, which are often based in tax havens. Where such subsidiaries generate large profits on the back of intra-company trade, the OECD said the profits should be shared across the group.

This could hit UK telecoms provider Vodafone Group Plc , which has a Luxembourg subsidiary that buys telephone equipment for the group. Vodafone Procurement Company’s 200 staff generated profits of over 400 million euros (518.52 million US dollar) last year, making it one of the group’s smallest but most profitable divisions. An unusual Luxembourg tax rule allowed the subsidiary to pay no tax on that profit.

Vodafone said businesses across Europe already benefited from savings achieved by the Luxembourg operation and that it did not expect a significant impact on its business from the OECD measures. The OECD has also proposed changes in the rules on tax residence that allow US tech giants to generate billions of dollars in sales in many countries but not have those revenues assessed for tax by those countries’ tax authorities.

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New global plans unveiled to crack down on corporate tax avoidance | Business Recorder



After the Summit: General Philip M. Breedlove on NATO'S Path Forward
Please join the Atlantic Council's Commanders Series on September 15th, 2014 at 11a.m. for a conversation with General Philip Breedlove, Supreme Allied Commander Europe and Commander, US European…

By: AtlanticCouncil

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After the Summit: General Philip M. Breedlove on NATO’S Path Forward – Video

North Atlantic Treaty Organization(NATO),military alliance established by the North Atlantic Treaty (also called the Washington Treaty) of April 4, 1949, which sought to create a counterweight to Soviet armies stationed in central and eastern Europe after World War II. Its original members were Belgium, Canada, Denmark, France, Iceland, Italy, Luxembourg, the Netherlands, Norway, Portugal, the United Kingdom, and the United States. Joining the original signatories were Greece and Turkey (1952); West Germany (1955; from 1990 as Germany); Spain (1982); the Czech Republic, Hungary, and Poland (1999); Bulgaria, Estonia, Latvia, Lithuania, Romania, Slovakia, and Slovenia (2004); and Albania and Croatia (2009). France withdrew from the integrated military command of NATO in 1966 but remained a member of the organization; it resumed its position in NATOs military command in 2009.

The heart of NATO is expressed in Article 5 of the North Atlantic Treaty, in which the signatory members agree that

an armed attack against one or more of them in Europe or North America shall be considered an attack against them all; and consequently they agree that, if such an armed attack occurs, each of them, in exercise of the right of individual or collective self-defense recognized by Article 51 of the Charter of the United Nations, will assist the Party or Parties so attacked by taking forthwith, individually and in concert with the other Parties, such action as it deems necessary, including the use of armed force, to restore and maintain the security of the North Atlantic area.

NATO invoked Article 5 for the first time in 2001, after terrorist attacks organized by exiled Saudi Arabian millionaire Osama bin Laden destroyed the World Trade Center in New York City and part of the Pentagon outside Washington, D.C., killing some 3,000 people.

Article 6 defines the geographic scope of the treaty as covering an armed attack on the territory of any of the Parties in Europe or North America. Other articles commit the allies to strengthening their democratic institutions, to building their collective military capability, to consulting each other, and to remaining open to inviting other European states to join.

After World War II in 1945, western Europe was economically exhausted and militarily weak (the western Allies had rapidly and drastically reduced their armies at the end of the war), and newly powerful communist parties had arisen in France and Italy. By contrast, the Soviet Union had emerged from the war with its armies dominating all the states of central and eastern Europe, and by 1948 communists under Moscows sponsorship had consolidated their control of the governments of those countries and suppressed all noncommunist political activity. What became known as the Iron Curtain, a term popularized by Winston Churchill, had descended over central and eastern Europe. Further, wartime cooperation between the western Allies and the Soviets had completely broken down. Each side was organizing its own sector of occupied Germany, so that two German states would emerge, a democratic one in the west and a communist one in the east.

In 1948 the United States launched the Marshall Plan, which infused massive amounts of economic aid to the countries of western and southern Europe on the condition that they cooperate with each other and engage in joint planning to hasten their mutual recovery. As for military recovery, under the Brussels Treaty of 1948, the United Kingdom, France, and the Low CountriesBelgium, the Netherlands, and Luxembourgconcluded a collective-defense agreement called the Western European Union. It was soon recognized, however, that a more formidable alliance would be required to provide an adequate military counterweight to the Soviets.

By this time Britain, Canada, and the United States had already engaged in secret exploratory talks on security arrangements that would serve as an alternative to the United Nations (UN), which was becoming paralyzed by the rapidly emerging Cold War. In March 1948, following a virtual communist coup dtat in Czechoslovakia in February, the three governments began discussions on a multilateral collective-defense scheme that would enhance Western security and promote democratic values. These discussions were eventually joined by France, the Low Countries, and Norway and in April 1949 resulted in the North Atlantic Treaty.

Spurred by the North Korean invasion of South Korea in June 1950, the United States took steps to demonstrate that it would resist any Soviet military expansion or pressures in Europe. General Dwight D. Eisenhower, the leader of the Allied forces in western Europe in World War II, was named Supreme Allied Commander Europe (SACEUR) by the North Atlantic Council (NATOs governing body) in December 1950. He was followed as SACEUR by a succession of American generals.

The North Atlantic Council, which was established soon after the treaty came into effect, is composed of ministerial representatives of the member states, who meet at least twice a year. At other times the council, chaired by the NATO secretary-general, remains in permanent session at the ambassadorial level. Just as the position of SACEUR has always been held by an American, the secretary-generalship has always been held by a European.

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North Atlantic Treaty Organization (NATO) — Encyclopedia …

The thriving San Francisco-based Bitcoin exchange and payments processor has bitten off an ambitious first step into the European market. Here's how.

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Coinbase Goes Global, Launches Bitcoin Services in 13 European Countries



15 Years of Hubble Telescope
The NASA/ESA Hubble Space Telescope is one of the biggest scientific projects of all time. To mark the 15th anniversary on 24 April 2005, the European Space …

By: Adeline felix

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15 Years of Hubble Telescope – Video

Coinbase, one of the most popular digital wallet providers, is expanding to 13 European countries by allowing those with authorized European bank accounts to buy and sell Bitcoins in exchange for euros.

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DealBook: Coinbase Extends Bitcoin Access to International Customers

By John-Thor Dahlburg

The Associated Press

Published: September 10, 2014 (Issue # 1828)

Three NATO ships taking part in the multinational Sea Breeze 2014 military exercise, which started on Monday in the Black Sea. Photo: NATO

NEWPORT, Wales NATOs creation of a rapid-reaction spearhead force to protect Eastern Europe from Russian bullying reflects a cool-eyed calculation that Vladimir Putin and his generals wont risk head-to-head confrontation with the U.S. and its nuclear-capable Western European allies.

The new force will be small, with just a few thousand troops, but its a powerful message from major powers that theyre willing to follow through on NATOs eastward expansion with their own metal and blood.

Why would this be enough? said Gen. Sir Adrian Bradshaw, NATOs deputy supreme European commander. Well, precisely because in becoming embroiled in a conflict with capable combat forces from across the alliance, a potential aggressor recognizes that they are taking on the whole of NATO and all that implies.

I dont think that anyone believes that Russia wants a strategic conflict with NATO, the British army general said. Anybody would be insane to wish that.

The force was ordered into life on Sept. 5 by President Barack Obama and other NATO leaders at a summit meeting in Wales to deter Putin and make NATOs most vulnerable members, such as Poland, Romania and the Baltic republics, feel safer from Russias million-strong armed forces in light of Moscows military involvement in Ukraine.

Ukraine is not a NATO member and not directly under its defense umbrella, but three other former Soviet republics have joined the alliance since the end of the Cold War, as well as the former Soviet satellite states of Poland, Hungary, the Czech Republic and Slovakia (formerly one country), Romania and Bulgaria.

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NATO Creates Spearhead Force to Deter Russia

Liberty Global Plc (LBTYA), said it may make investments to reap greater benefits from its minority stake in ITV, the U.K.s biggest commercial broadcaster, and has no current plans to increase that holding.

Liberty Global, the international cable company controlled by billionaire John Malone, will seek other U.K. takeovers if they are suitable, Chief Strategy Officer Jim Ryan said today at a Royal Television Society conference in London. Its important we get access to local content, he said.

Malones company, which owns cable operators from Hungary to the U.K., has been expanding into TV production and programs to drive growth as the number of cable acquisition opportunities in Europe dwindles.

Liberty Global bought a 6.4 percent stake in ITV, which has top-rated shows such as Downton Abbey and rights to European Champions League soccer coverage, from Rupert Murdochs British Sky Broadcasting Group Plc for 481 million pounds ($775 million) in July. In May, Liberty Global teamed up with Discovery Communications Inc. to buy Permira Advisers LLPs television producer All3Media, in a deal valuing the company at 550 million pounds.

Good-quality content will be increasingly hard to come by because of consolidation in the industry, Ryan said today.

ITV shares fell 0.5 percent to 217.3 pence at 2:59 p.m. in London, paring the advance to 12 percent this year and giving the company a market value of about 8.7 billion pounds.

To contact the reporter on this story: Robert Valpuesta in London at rvalpuesta@bloomberg.net

To contact the editors responsible for this story: Kenneth Wong at kwong11@bloomberg.net Robert Valpuesta, John Bowker

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Liberty Global Looks for U.K. Deals to Enhance ITV Stake Value



Faroe Islands vs. Finland Live Stream (: European Championship Qualifying) 7 September 2014
HD LIVE STREAM ===^^=== http://goo.gl/gwxHbw LOW QUALITY LIVE STREAM ===^^=== http://goo.gl/gwxHbw GOALS HIGHLIGHTS ===^^=== http://goo.gl/gwxHbw Watch FINLAND vs FAROE ISLANDS Live Streaming…

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Faroe Islands vs. Finland Live Stream (: European Championship Qualifying) 7 September 2014 – Video

BRUSSELS, Sept. 8 (UPI) — NATO leaders are aiming to strengthen alliance capabilities amid Russian aggression in the Ukraine and growing threats elsewhere that threaten Europe.

First, leaders of the 28 member countries meeting in Wales last week resolved to maintain a continuous air, land, and sea presence in Eastern Europe — including the Baltics — on a rotational basis given Russian machinations in the region.

They also agreed to create a rapid response force.

“This spearhead will include several thousand land troops ready to deploy within a few days with air, sea and Special Forces support,” said NATO Secretary General Anders Fogh Rasmussen.

The force plan includes a command-and-control presence, reception facilities and pre-positioned equipment.

“This is a demonstration of our solidarity and resolve,” Fogh Rasmussen said. “In these turbulent times, NATO must be prepared to undertake the full range of missions and to defend allies against the full range of threats.”

The demonstration of resolve comes amid months of tension in Europe over Russia’s annexation of Ukraine’s Crimea region and action by pro-Russian insurrectionists — reportedly with active Russian involvement — to take other parts of the Ukraine, which was once part of the Soviet empire. The belligerence from Russian President Vladimir Putin in response to European and American protests — and actions such as sanctions against Russia — has done nothing to dampen fears of a return to Cold War footing, not to mention fears for the future of territorial integrity in Baltic countries.

Canada, Germany, Portugal, Britain and others perform rotational air patrols in the region as a message to Moscow.

NATO leaders also agreed to put their money where their mouth is by reversing years of declining defense spending by member states.

NATO said the allies will focus their military budgets over the next 10 years to meet the “existing NATO guideline of spending 2 percent of gross domestic product on defense and with a view to meeting NATO capability priorities.”

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NATO trumpets 'resolve' against threats

By Adrian Croft BRUSSELS (Reuters) – Scotland would have to reapply for membership of both the European Union and NATO if Scots vote to leave the United Kingdom in a referendum this month, officials said on Monday. With 10 days to go to a referendum on Scottish independence, a poll published on Sunday showed for the first time this year that supporters of independence took the lead over people …

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Independent Scotland would have to reapply to EU, NATO, officials say

The calls are prompted by what NATO members allege is Russian military support for separatist rebels in eastern Ukraine. The focus on Russia and European defense marks a return to NATO's roots as its decade-long war in land-locked Afghanistan, 4,000 miles from the North Atlantic, winds down. In a speech, British Prime Minister David Cameron complained that "Russia is ripping up the rulebook …

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At NATO summit, vows of renewed efforts to contain Russia

NATO forces are well positioned to refight the battle of Waterloo of 1815, the first Balkan War of 1912, the botched invasion of the Dardanelles in 1915 and German panzers' sweep through the Ardennes in 1940 — just not to repel an attack by Russia in 2014. Leaders of the trans-Atlantic alliance will vow to change that at a summit that began today, with eastern European countries close to Russia …

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NATO Shifts Aim From Waterloo to East as Russia Menaces

NATO forces are well positioned to refight the battle of Waterloo of 1815, the first Balkan War of 1912, the botched invasion of the Dardanelles in 1915 and German panzers' sweep through the Ardennes in 1940 — just not to repel an attack by Russia in 2014. Leaders of the trans-Atlantic alliance will vow to change that at a summit starting today, with eastern European countries close to Russia …

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NATO Switches Aim From Waterloo to East as Russia Bares Fangs



Hubble telescope's zoomed-in view of a distant galaxy – LoneWolf Sager
The European Space Agency and NASA released video of a deep sky Hubble Telescope survey called GOODS North. ESA says the zoomed in view shows “a very early s…

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Hubble telescope’s zoomed-in view of a distant galaxy – LoneWolf Sager – Video

Sep 012014



Ukraine seeks to join NATO
The deepening crisis in Ukraine is likely to dominate an summit of European Union leaders in Brussels on Saturday. EU officials say the leaders of the 28-mem…

By: ARIRANG NEWS

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Ukraine seeks to join NATO – Video



Germany's Angela Merkel At European Commission NATO Meeting NOT TRANSLATED
Germany's Angela Merkel At European Commission NATO Meeting NOT TRANSLATED http://mediaexpress.reuters.com/content/video/live Germany's Merkel welcomes appoi…

By: Mary Greeley

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Germany’s Angela Merkel At European Commission NATO Meeting NOT TRANSLATED – Video

President Barack Obama will visit Estonia and attend a NATO summit in Wales next week to send a strong message to Russian President Vladimir Putin that his incursion into Ukraine must be reversed and to keep his hands off the Baltic nations.

A fresh move into eastern Ukraine by Russian forces in support of separatists is rattling the region, and Obama will reassure NATO’s Baltic allies Estonia, Latvia and Lithuania that the alliance will stand with them should Moscow turn its attention to them.

It will be the second visit ever to Estonia by an American president, following George W. Bush’s 2006 stop there. Obama will meet all three Baltic leaders together and give a speech on Wednesday.

The White House said Obama will stress that the alliance’s Article 5 commitment to the common defense of each member is an ironclad guarantee.

“Russia, don’t even think about messing around in Estonia or in any of the Baltic areas in the same way that you have been messing around in Ukraine,” Charles Kupchan, the senior White House director for European affairs, said on Friday in laying out Obama’s mission.

The NATO summit will put Obama in the same room with many European leaders who have joined with him in imposing economic sanctions on Moscow for its move into Ukraine and he has said Washington is considering stiffening those sanctions.

A focus of the summit will be to shift attention of the alliance toward the east as a bulwark against any Russian expansionism in Eastern Europe.

Ukraine has asked for NATO for membership, but there is no consensus within NATO for enlarging the alliance.

Also overshadowing Obama’s trip will be how to confront a challenge from Islamic State militants who have a stronghold in Syria and have made gains against government forces in Iraq.

NATO diplomats said a leaders’ dinner next Thursday will be dominated by talks on what they said is the increasingly prominent threat posed by Islamic State at NATO’s southeastern corner along Turkey’s border with Syria and Iraq.

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Obama, at NATO summit, to send strong message to Putin



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