BNP Fights €250 Million Tax Bill in France
Save
BNP Paribas SA is fighting a bill of around €250 million ($290 million) French authorities say the government is owed over transactions that allegedly helped foreign investors dodge billions of euros in taxes on dividends, according to people familiar with the matter.
France's biggest bank filed the lawsuit against the order to pay back taxes, penalties and interest on trades from 2014 and 2015, said one of the people who asked not to be identified because the proceedings are confidential. A hearing examining the so-called Cum-Cum strategy is likely early next year at a court near Paris, said another person.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
French government demands answers over streamer's death
The French government has launched an investigation into the death of online personality Raphaël Graven, known as "Jean Pormanove", who died in his sleep aged 46. The streamer had been livestreaming on the platform Kick prior to his death according to French media reports. France's digital affairs and artificial intelligence (AI) minister Clara Chappaz wrote in a post on X on Tuesday Pormanove had been "humiliated" and "mistreated" during streams on the platform for months, and said an inquiry into his death was underway. A Kick spokesperson said the company was "urgently reviewing" circumstances around the streamer's death and working with stakeholders to investigate it. "We are deeply saddened by the loss of Jean Pormanove and extend our condolences to his family, friends and community," they told the BBC. The spokesperson said the platform's community guidelines were "designed to protect creators" and said Kick is "committed to upholding these standards across our platform". Mr Graven had amassed hundreds of thousands of followers across his various social media accounts. Reports say he was found dead on Monday at his home in Contes, near Nice. Posts on social media and local reports claim that prior to his death, Mr Graven was subjected to sleep deprivation and bouts of physical violence during lengthy streams on Kick. Ms Chappaz called his death and experience of violence "an absolute horror". In addition to a judicial investigation, Ms Chappaz said she had referred the issue to Arcom, the French media regulator, and Pharos, a French system used to report online content. Owen Cenazandotti, a fellow French streamer who appeared alongside Mr Graven in his recent streaming marathon, has asked followers not to share videos of his "last breath" in a post on Instagram. What is the streaming platform Kick?
Yahoo
an hour ago
- Yahoo
Envirotainer invests in Swiss Airtainer to drive sustainable innovation in pharmaceutical cold chain
As the pharmaceutical industry intensifies its focus on both reliability and sustainability, Envirotainer has taken a decisive step forward in pharmaceutical cold chain innovation. The global leader in secure cold chain solutions announced a strategic investment in Swiss Airtainer, a young but fast-rising leader in lightweight, technology-driven container design. Through this partnership, Envirotainer gains exclusive global rights to market and operate Swiss Airtainer's advanced containers, while Swiss Airtainer will scale its production capacity and accelerate ongoing R&D. Founded in 2019 and headquartered in Switzerland, Swiss Airtainer has quickly established itself as a key innovator in temperature-controlled air cargo. Its containers are designed for pharmaceuticals, vaccines, and other high-value perishables, leveraging IoT-driven monitoring and eco-friendly materials to cut emissions and costs without sacrificing reliability. Technology Meets Sustainability Swiss Airtainer's active RKN container is the lightest in the industry and comes equipped with solar panels that provide self-sustaining energy. Coupled with IoT-enabled real-time communications, the container allows for greater visibility and optimized operations. These advancements mark a significant shift in how high-value, temperature-sensitive products like vaccines and biologics can be transported across global networks. The emphasis on weight reduction and renewable energy translates directly into lower CO₂ emissions, a growing priority for shippers and logistics providers under regulatory and corporate sustainability mandates. 'Swiss Airtainer's technology enables significant CO₂ reductions and strengthens our commitment to sustainable innovation,' said Niklas Adamsson, Interim CEO of Envirotainer, in a news release. 'Our mission has always been to ensure safe and reliable delivery of critical medicines while minimizing environmental impact.' The addition of Swiss Airtainer's solution complements Envirotainer's existing sustainability-focused lineup, which includes the flagship Releye family of containers. Together, the offerings represent a comprehensive approach to modern cold chain logistics, balancing reliability, cost-efficiency, and measurable reductions in climate impact. 'We are proud to join forces with Envirotainer, a company that shares our vision for a more sustainable future. This partnership will accelerate the development and global adoption of smart, low-impact cold chain solutions, says Eduard Seligman, CEO of Swiss Airtainer, in a news release. Broader Industry Implications The pharmaceutical cold chain is at an inflection point. On one hand, demand for temperature-sensitive medicines continues to grow, with biologics and advanced therapies placing even greater strain on global distribution networks. On the other hand, regulators, manufacturers, and logistics providers face mounting pressure to cut carbon emissions. By investing in container technology that is lighter, more energy-efficient, and digitally connected, Envirotainer and Swiss Airtainer are signaling where the industry is headed: toward solutions that safeguard product integrity while actively reducing environmental impact. Envirotainer's climate targets have already been validated by the Science Based Targets initiative (SBTi), underscoring its commitment to measurable progress. This latest move adds another dimension, practical, operational tools that customers can deploy immediately to align with sustainability goals. This partnership offers a preview of the future: smarter containers that integrate renewable energy, digital visibility, and lightweight design into one solution. The post Envirotainer invests in Swiss Airtainer to drive sustainable innovation in pharmaceutical cold chain appeared first on FreightWaves. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Google tweaks Google Play conditions following EU pressure
PARIS (Reuters) -Alphabet unit Google said on Tuesday it will make it easier for app developers to steer customers to channels other than Google after the European Union competition watchdog charged it with breaching EU regulations. In March, Google was hit with two charges of breaching the EU's landmark Digital Markets Act (DMA), which aims to rein in the power of Big Tech. Google has been in the European Commission's crosshairs since early 2024 over whether it restricts app developers from informing users about offers outside its app store Google Play and whether it favours its vertical search services such as Google Flights. Regulators have said Alphabet technically prevents app developers from freely steering consumers to other channels for better offers. They said a service fee charged by the company for facilitating the initial acquisition of a new customer by an app developer via Google Play goes beyond what is justified. In a blog post, Google said that following discussions with the European Commission, developers, and other experts, Google is updating certain terms. "While we still have concerns that these changes could expose Android users to harmful content and make the app experience worse, we're updating our External Offers Program for the EU with revised fees and more options for Android developers, following DMA discussions with the European Commission," EMEA Senior Competition Counsel Clare Kelly said. The company, which has been fined more than 8 billion euros ($9.3 billion) by the EU for various antitrust violations, risks fines of up to 10% of its global annual sales if found guilty of breaching the DMA. ($1 = 0.8580 euros)
