State officials have been using bank data to match people who are paying out significant sums in Dirt tax on their savings, while also claiming means-tested benefits. File photograph: Aidan Crawley

Hundreds of welfare recipients have been forced to repay millions of euro in means-tested benefits after it emerged they had large sums of undeclared(...)

Google is among 30 multinationals to be investigated for alleged tax avoidance. Its Australian subsidiary has denied any evasion.

The Australian government announced a world-leading crackdown on Monday on alleged tax avoidance by 30 multinational companies that will likely force (...)

 Mario Draghi, president of the European Central Bank (ECB) during a press conference following the meeting of the Governing Council in Frankfurt . Photograph: Daniel Rolanddaniel

The European Central Bank left interest rates unchanged on Wednesday, holding them at record lows as its money-printing scheme shows early signs of pe(...)

With recent data pointing to a economic turnaround, some financial market traders are already asking when and how the ECB might start scaling down its stimulus

European Central Bank policymakers gathering on Wednesday will examine possible further emergency funding for Greece’s banks as they take stock of a w(...)

Abu Dhabi intends to set itself up as a new hub for wealth management, with the head of its nascent international financial centre declaring Switzerland’s old model of private bank secrecy to be “dead”. (Photograph: Sam Robinson/Digital Vision /Getty)

Abu Dhabi intends to set itself up as a new hub for wealth management, with the head of its nascent international financial centre declaring Switzerl(...)

George Osborne, UK chancellor of the exchequer, said the danger of a miscalculation leading to a “very bad outcome” between Greece and the euro area is increasing. (Photograph: Chris Ratcliffe/Bloomberg)

Chancellor of the Exchequer George Osborne said the danger of a miscalculation leading to a “very bad outcome” between Greece and the euro area is inc(...)

German minister of finance Wolfgang Schaeuble and his French and Italian counterparts are seeking tougher corporate tax regulations.

The German, French and Italian finance ministers have urged the European Commission to draw up EU-wide laws to curb corporate tax avoidance and preven(...)

A man walks past a restaurant in the Dotonbori amusement district of Osaka,  Japan, yesterday. The difficulties caused by fiscal austerity have become particularly evident in Japan and the euro zone. Photograph: Reuters

David Cameron, the UK prime minister, states that “red warning lights are once again flashing on the dashboard of the global economy”. The lights are (...)

European Commission president Jean-Claude Juncker speaking on Saturday at the G20 summit in Brisbane, Australia. Photograph: Paul Matthews

European Commission president Jean-Claude Juncker brushed off questions at the G20 summit over whether he should step down amid accusations of sweethe(...)

National benchmark indexes fell in all of the 18 western European markets yesterday. Photograph: iStockPhoto

European stocks fell yesterday as banks dragged the Stoxx Europe 600 Index lower and Nato said Russia had sent troops and heavy weapons into Ukraine.(...)