"An Italian court on Wednesday sentenced fashion house duo Dolce and Gabbana to one year and eight months in prison for tax evasion of around one billion euros ($1.33 billion), according to media reports. Domenico Dolce and Stefano Gabbana were found guilty of having transferred control of their brands to a shell company in Luxembourg in 2004 and 2005 to avoid paying Italian taxes." Continue reading →
"An obviously tired German bank employee fell asleep on his keyboard and accidentally transformed a minor transfer into a 222 million euro ($293 million) order, a court heard. The Hessen labour court heard that the man was supposed to transfer just 62.40 euros from a bank account belonging to a retiree, but instead 'fell asleep for an instant, while pushing onto the number 2 key on the keyboard' — making it a huge 222,222,222.22 euro order. The bank discovered the mistake shortly afterwards and corrected the error. The case was taken to court by the man’s 48-year-old colleague who was fired for letting the mistake slip through when verifying the order." Continue reading →
"The country is increasingly reverting to a cash-economy with a consequent dive in tax revenues. The three Lufthansa consultants in charge of the Cyprus Airways restructuring are set to receive €1.3m. The remaining staff will suffer a 25% salary cut. In an act that beggars belief, the Cypriot Parliament has levied a 30% tax on the interest earned from bank deposits. In another measure which defies logic, a property tax was insisted on by the Troika of international lenders. The government aims to extract maximum tax revenue by inflating property prices by the annual rate of consumer price inflation since 1980. Currently, property prices are at an all-time low." Continue reading →
"The Greek national broadcaster was taken off air in the middle of a programme on Tuesday night without warning, without a public debate or a debate in parliament. A brave group of journalists have rebelled and keep a skeleton service going as a pirate station cheered on by supporters in scenes worthy of a fascist dictatorship. A poll shows two thirds of the Greeks oppose the closure of their national broadcaster, paid for by their taxes. The ERT was shut down by the police following a decree — considered illegal by many — by the EU/ECB/IMF Troika puppet, Greek Prime Minister Antonis Samaras. The move was greeted with applause by the German government." Continue reading →
"Three top European defence firms called on Sunday on governments to launch a programme to manufacture drones that European countries are currently having to buy from Israel or the United States. France’s Dassault Aviation, European aerospace giant EADS and Italy’s Finmeccania argued such a joint programme would 'support the capability needs of European armed forces while optimising the difficult budgetary situation through pooling of research and development funding'. They said they were prepared to work together on the creation of a European drone which allows surveillance of vast areas over 24 hours." Continue reading →
"Germany’s foreign intelligence service plans a major expansion of Internet surveillance despite deep unease over revelations of US online spying. The BND planned a 100 million euro ($130 million) programme over the next five years to expand web monitoring with up to 100 new staff members on a 'technical reconnaissance' team. The report came ahead of a state visit to Berlin by Barack Obama during which the German government has pledged to take up the controversy over the US phone and Internet surveillance programmes. The BND currently kept tabs on about five percent of emails, Internet calls and online chats while German law allowed up to 20 percent." Continue reading →
"The United States is confident it will bring Edward Snowden to justice for 'extremely damaging' leaks about secret internet surveillance programmes, US Attorney General Eric Holder said on Friday. 'The national security of the United States has been damaged by those leaks. The safety of the American people and safety of people in allied nations is at risk,' he said. Holder also said that he had agreed to share details with the European Union about the so-called PRISM programme, which was exposed after Snowden spoke to British and American newspapers." Continue reading →
"Viviane Reding, the EU’s Justice Commissioner, wrote a letter on Monday to US Attorney General Eric Holder demanding 'swift and concrete' answers about the spy scheme when they meet in Dublin on Friday. 'Programmes such as PRISM and the laws on the basis of which such programmes are authorised could have grave adverse consequences for the fundamental rights of EU citizens,' she wrote. Her questions to Holder include whether EU citizens were targeted by the US programmes, whether Europeans would be able find out whether their data has been accessed, and whether they would be treated similarly to US nationals in such cases." Continue reading →
"Under a directive approved by the 27-member European Union in 2006, telecommunications operators and internet service providers are obliged to retain records of users’ calls and online activity for at least six months. The directive enables security services, if necessary, to check who has been communicating with whom, from where, at what time and for how long but stops short of enabling them to check the content of any communications. The European legislation was approved in the aftermath of bombings in Madrid in 2004 and London in 2005. Individual governments are free to require longer periods of data retention." Continue reading →
“The EU said Tuesday it will seek a strong commitment from the United States to respect the rights of European citizens, following revelations that Washington is running a worldwide Internet surveillance programme. Viviane Reding, the EU’s Justice Commissioner, ‘will raise … Continue reading →