Emmanuel Macron, the French president, and the Canadian prime minister, Justin Trudeau, are seen during a press conference in Ottawa, 7 June 2018. Photo credit: Justin Trudeau, Prime Minister of Canada
China to crack down on tax evasion in its film industry. Friday’s Breakfast Briefing.
Macron “will resist hegemony” at G7 summit with Trump
The French president, Emmanuel Macron, has said the other members of the G7 should stand firm against Donald Trump’s trade policies at the G7 summit to be held in Quebec on Friday. Speaking at a press conference with Justin Trudeau, Canada’s prime minister, Macron said the US was drifting towards “further isolationism” and “crude hegemony”, according to the Guardian. Trump tweeted in reply: “Look forward to seeing them tomorrow.”
The EU’s top court has ruled that the brand name “Glen Buchenbach” used by distillery in southwestern Germany could conceivably run afoul of European labelling rules, as reported by DW and the Reuters news agency. The Scotch Whisky Association has argued that use of the word “glen” implies that the whisky is Scotch. (Scotch whisky is a geographically protected designation, but “glen” is not specifically restricted.) The European Court of Justice, in Kirchberg, said a Hamburg tribunal would have to decide if the average consumer would be deceived.
Tax compliance in Chinese entertainment sector
China has started a tax probe into the country’s film industry, reported the Economist. Officials are examining the use of so-called “ying and yang contracts”, when a lower salary is declared for tax purposes but a higher salary is actually paid, and the abuse of corporate tax breaks for companies registered in China’s far west and in Tibet.