Bloomberg Alphabet Inc.’s Google moved 15.9 billion euros ($19.2 billion) to a Bermuda shell company in 2016, regulatory filings in the Netherlands show — saving the company billions of dollars in taxes that year. Google uses two structures, known as a “Double Irish” and a “Dutch Sandwich,” to shield the majority of its international profits from taxation. The setup involves ...

ABU DHABI / WAM The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) will publish and ‘go live’ with a number of enhancements to its “Prudential – Investment, Insurance Intermediation and Banking” (PRU) Rulebook. This follows a successful public consultation which was completed on December 7, 2017. The new enhancements cover the prudential supervision of banks, insurance ...

DUBAI / Emirates Business Emirates Global Aluminium, the largest industrial company in the United Arab Emirates outside oil and gas, finished the year with 37.6 percent Emiratisation, exceeding its 2017 target and reaching the highest level of Emiratisation at the company since its formation in 2014 through the merger of DUBAL and EMAL. EGA is targeting 40 per cent Emiratisation ...