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Under this proposal, the tax would not come into force until January 2021, and only if no international solution has been found. Paris and Berlin proposed that it expire by 2025 in a move aimed at appeasing concerns that it may become permanent. The Austrian presidency has been trying to reach a deal on the tax by the end of the year, while the Franco-German proposal calls for a deal by March. “Don’t expect us to solve the challenge of a generation in a couple weeks or months,” French Finance Minister Bruno Le Maire said, adding the Franco-German proposal could still yield a deal.
BRUSSELS (Reuters) - Ireland’s finance minister poured cold water Tuesday on a new Franco-German proposal for a European tax on companies’ digital revenues, saying it failed to address his concerns, “I continue to have strong principled concerns about this policy direction,” Paschal Donohoe told his EU counterparts in a debate on the tax after France and Germany put forward a new proposal focused only on online advertising revenues, Donohoe added that it would be better to deal with the taxation of large digital companies seeking a broader international deal at the Organisation for Economic Cooperation and Development black mother of pearl collar stays cufflinks (OECD)..
WASHINGTON (Reuters) - A federal judge who has been asked to sign off on the U.S. government’s decision to approve CVS Health Corp’s (CVS.N) acquisition of insurer Aetna Inc said Tuesday he was “less convinced” than the government that the companies had struck a deal that ensured the merger was legal under antitrust law. Judge Richard Leon of the U.S. District Court for the District of Columbia had complained last week in a hearing that the two sides had treated him as a “rubber stamp” for the agreement. CVS closed the $69 billion transaction last week and began the integration process.
“At this stage, I am less convinced of the sufficiency of the government’s negotiated remedy than the government is,” he wrote in the order issued on Tuesday, The Justice Department approved the merger of CVS, a pharmacy chain and benefits manager, and Aetna on condition that the health insurer sell its Medicare Part D drug plan business to WellCare Health Plans Inc (WCG.N), That sale was completed last month, Also in the order, Leon asked the government and the companies to file a brief by Dec, 14 to show why their integration should black mother of pearl collar stays cufflinks not be halted while he considers whether or not to approve the consent decree reached in October..
GENEVA (Reuters) - Iranian President Hassan Rouhani made an apparent threat on Tuesday to disrupt other countries’ oil shipments through the Gulf if Washington presses ahead with efforts to halt Iranian oil exports. The United States has imposed sanctions on Iran and U.S. officials say they aim to reduce Iran’s oil exports to zero in a bid to curb the Islamic Republic’s missile program and regional influence. “America should know that we are selling our oil and will continue to sell our oil and they are not able to stop our oil exports,” Rouhani said in a televised speech during a trip to the northern Iranian city of Shahroud.
“If one day they want to prevent the export of Iran’s oil, then no oil will be exported from the Persian Gulf,” he said, Rouhani made similar comments in July, Also in July, an Iranian Revolutionary Guards commander, black mother of pearl collar stays cufflinks Ismail Kowsari, was quoted as saying that Tehran would block oil shipments through the Strait of Hormuz lf the United States banned Iranian oil sales, Tensions have risen between Iran and the United States after U.S, President Donald Trump withdrew from a multilateral nuclear deal in May and reimposed sanctions on the Islamic Republic..
Rouhani said the United States would not succeed in cutting Iran’s economic ties with the region and the world. “The most hostile group in America, with relation to Iran, has taken power,” Rouhani said, according to the state-run Islamic Republic News Agency (IRNA). “Of course they never had a friendship with the people of Iran and we never trusted America or others 100 percent.”. Earlier, Foreign Minister Mohammad Javad Zarif denied a Reuters report that said a European mechanism to set up an account to trade with Iran and beat the newly reimposed U.S. sanctions may not cover oil sales, the Iranian foreign ministry website reported.
“Based on the information we have, it’s not so, Because if Iran’s oil money is not deposited into the account, it’s not clear that there would be any funds for trade, because oil is a major part of Iran’s exports,” Zarif said, according to black mother of pearl collar stays cufflinks the website, “This appears to be propaganda aimed at discouraging people,” Zarif added, France and Germany are to take joint responsibility for the EU-Iran trade mechanism, Reuters reported, But the agency quoted diplomats as saying that, with U.S, threats of retribution for sanctions-busting unrelenting, the goals of the nascent trade mechanism could be scaled back to encompass only less sensitive items such as humanitarian and food products..