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☆ US pension plans lose bid to block cum-ex tax fraud case
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +2 min

COPENHAGEN, Nov 21 (Reuters) - A group of U.S. pension plans has lost a bid to block Denmark's tax agency from pursuing millions of dollars from them in a "cum-ex" tax fraud case after a judge in a New York district court ruled the trial could proceed. Danish tax agency in 2018 filed civil lawsuits in federal district courts across the United States, accusing more than 100 retirement and pension plans of inflating the size of their Danish stock holdings in order to obtain higher tax refunds. In a bellwether trial in the New York court to help anticipate the results of future similar cases, the judge rejected arguments brought by seven defendants, meaning the Danish tax authority can proceed with its case. The second bellwether defendant group is the Solo group, which includes five U.S.-based pension plans, a lawyer, two trusts and their trustees. The Danish tax agency claims that British hedge fund trader Sanjay Shah masterminded a fraudulent scheme that involved submitting wrongful applications for dividend tax refunds on behalf of investors and companies around the world between 2012 and 2015.

Persons: Sanjay Shah, Shah, Bech, Bruun, Jacob Gronholt, Pedersen, David Evans Organizations: F Man Capital, Thomson Locations: COPENHAGEN, New York, Danish, United States, Denmark, Germany, Belgium, Dubai, London

☆ Newcastle stunned but West Ham, Spurs, Leicester progress
▼ + stars: | 2023-01-07 | by ( ) www.reuters.com time to read: +2 min

West Ham secured their ticket to the fourth round after Said Benrahma scored a stunning long-range effort against his former club in a 1-0 win at Brentford. Josh Windass netted twice for Wednesday as they took a two-goal lead over Newcastle in the second half. Yet they did little in the way of replicating the form which saw them lead 2-0 after 43 minutes against West Ham when they met in the Premier League eight days ago. Brentford are now out of both domestic cup competitions, having exited the League Cup after a loss to League Two Gillingham in November. Elsewhere, Premier League sides Bournemouth and Nottingham Forest suffered defeats by Championship teams Burnley and Blackpool respectively.

☆ A food fight is raging over what we can and can't call 'meat'
▼ + stars: | 2022-12-17 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +13 min

Morten Toft Bech, the founder of a startup that makes plant-based meat alternatives, brought the animals in protest. Meat lobbies argue that plant-based products have stolen the concept of meat without matching its taste and nutrition standards, tarnishing the integrity and cultural importance of meat. It tends to argue that plant-based meat alternatives shouldn't be allowed to use meaty terms at all because, put simply, they aren't meat. Meat bodies want startups to come up with new terms for plant-based food that imitates meat. Both meat organizations and plant-based companies told Insider they encouraged a healthy, balanced diet.

FILE PHOTO - Maersk CEO Soren Skou answers questions from the press after publishing the company's quarterly accounts, in Copenhagen, Denmark, November 2, 2021. Moller-Maersk's (MAERSKb.CO) chief executive said on Thursday he expects a "modest" pick-up in trade for the upcoming holidays this year amid concerns about the slowing global economy and consumer demand. "Volumes headed into the Christmas season are lower than a normal year," Soren Skou said in a Reuters Newsmaker interview. Ocean freight volumes will be flat or lower this year, though there is still congestion in global supply chains, he said. Maersk has raised its 2022 profit guidance twice this year as high freight rates persisted longer than expected.

Nu este clar însă cât de mulți producători de vaccinuri se vor îmbogăți și mai mult. Datorită nevoii urgente de vaccin, guvernele și donatorii au investit miliarde în proiecte pentru a le crea și testa. Abia atunci când guvernele și agențiile au intervenit cu promisiuni de finanțare au început să lucreze la asta. Guvernele și organizațiile multilaterale s-au angajat deja să cumpere miliarde de doze la prețuri stabilite. O lansare cu succes a vaccinurilor ar putea ajuta la deschiderea ușilor pentru vânzarea terapiilor Covid sau a altor produse.

Persons: Gates, Jack Ma, Dolly, Johnson, Emily Field, Rasmus Bech Hansen, Ellen, Field Organizations: americană, Universitatea din, Law, BBC, Reuters Locations: BioNTech, Germania, SUA, Universitatea din Oxford, India, Africa de Sud, Getty

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