The British taxman has gained some £136m as a result of cracking down on buy-to-let landlords.
Tax investigations into possible underpayments of capital gains tax for 2013-14 have brought in record amounts, resulting in a 24% increase from the £110 million collected last year.
Over in the Açores the heavily indebted regional airline SATA International is to reduce its fleet and cabin crew to increase eficiency and reduce some of the €179 million debt the airline management reported at the end of 2014.
As part of a restructure, 23 long-haul cabin crew will go as part of a new strategic plan 2015-2020 announced at a press conference on Friday.
Cyprus' national airline has stopped operations after the EU Commission decided that illegal state aid of €65 million must be paid back.
The EU Commission claimed that the Cypriot government had breached rules on support for national companies as it had been underwriting losses between 2007 and 2013.
A French surfer has beaten Portugal’s surfing ambassador Garrett McNamara’s 30 metre record
Nazaré on Portugal’s stormy west coast on December 11th was the scene of monumental waves and an effort by French surfer Benjamin Sanchis to beat the world record set by Hawaii resident Garrett McNamara.
The new Minister of Internal Affairs, Anabela Rodrigues, said today that conclusions made by the General Inspectorate for Internal Affairs (IGAI) which now has reported on the Golden Visa scam, ‘will be considered.’
In the biggest understatement of the week, Rodrigues said, "The Government has acknowledged the usefulness of introducing some changes in the legal process for Golden Visas, of course the conclusions of the report submitted by IGAI will be considered for the legislative adjustment process.”
The controversial live BBC coverage of the police raid on Sir Cliff Richard's home has been put forward by the BBC for a major journalism award.
Despite the threat of legal action by Sir Cliff, the reports have been entered into the “scoop of the year” for the Royal Television Society Awards.
The Spanish bank Santander saw the value of its shares tumble by 10% in the wake of its surprise fundraising drive from shareholders.
The Spanish bank Santander saw the value of its shares tumble by 10% in the wake of its surprise fundraising drive from shareholders.
A judge in Spain has rejected the appeal from Princess Cristina’s lawyers who had argued that she should be spared trial because she had already suffered during the investigation into her husband’s business affairs.
The princess, 49, was indicted last month on two counts of being an accessory to tax fraud. The investigating magistrate set a bond of €2.7m at the same time as specifying that his decision to put Cristina on trial could not be appealed.
