We all know that global economy
is on the path of slow but steady recovery. For any growth to be sustainable it
is very important that USA and European Union based countries economy grow.
Post the creation of European
Union, many financially weak countries got an opportunity to be part of
European union. The rich member countries were forced to support the weaker one
to keep the union United but at the end UK decided to exit European union.
Many blamed that European union
commission is actually driving all rules and regulations without the
understanding of ground realities.
Post European union creation, we
also observed that European union and USA target each other companies with tax
demand and fine.
The most recent one is tax demand
of billions of euros by European commission from Apple. Deutsche bank may face
fine of many billions of Dollars which will be imposed by US justice
department.
We also remember BP case in USA
whereas Google and Microsoft faced fines in Europe.The trend needs to be stopped
otherwise it will have cascading impact on world economy.
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