BRUSSELS (AP) — The European Commission has opened a probe of Gibraltar's corporate tax regime on suspicion it might selectively favor some businesses such as offshore companies.
The Commission, the 28-nation bloc's executive arm, said Wednesday it will examine whether a corporate tax exemption for income stemming from royalties or interest payments introduced in 2010 constitutes a breach of EU state aid rules.
Spain last year complained that Gibraltar — a tiny British domain on the Mediterranean over which Madrid claims sovereignty — favors offshore companies by not taxing some forms of income regardless of where they were earned. That, it claims, allows companies to shift income to Gibraltar to evade taxes in Spain and elsewhere.
The Commission says Gibraltar changed some exemptions this year, but that the probe will go ahead.
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A Buffalo Police vehicle was involved in a two-car crash around 8:40 a.m. Monday. The crash happened at Bailey and LaSalle Avenues.
Police in Orleans County say they found 43 bags of crack cocaine inside a vehicle on South Main Street, in Albion on Friday.
A Buffalo city jail cell block attendant was arrested early Saturday morning on multiple animal cruelty charges.
An airman from Niagara Falls was away training for the Air Force for months. After being apart from his family, he decided to surprise them at Kelly’s Country Store in Grand Island.
Police say 29-year-old Joshua Sullivan was already issued an order of protection that prohibited him from subjecting the child to any verbal or physical abuse.
Slippery spots today, lakes become more active through the middle of the week.