Deutsche Bank has released its worst set of quarterly results since 2008. Management blamed restructuring measures for the losses of 2.2 billion euros, although litigation costs were also a drain on annual profits.
The UK government has said it will no longer stand for big companies and major banks not paying their fair share of taxes. Finance Minister George Osborne expects the new measures to add billions to state coffers.
European Commission President Juncker joined world leaders slamming tax evasion at the G20. But that wasn't enough to silence critics accusing Luxembourg's former PM of offering generous tax breaks to global companies.
Germany's largest lender, Deutsche Bank, has reported a third quarter loss as provisions for legal liabilities eat into earnings. But its investment arm excelled once more between July and September.
A tax deal between the Dutch government and Starbucks could be illegal, the European Union has said. The allegations come amid global uproar over corporations avoiding billions in taxes via so-called sweatheart deals.
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