Search Results for: taxes
Plus500 reports record half year revenues and profits
September 5th, 2016
Plus500 Ltd has issued today a report to inform in relation to the Interim Results for the six months ended 30 June 2016. Financial Highlights: Operational Highlights: Record first half results: – Continued growth in Active Customers4 – increased ...
Magic Circle law firm Freshfields to defend Apple in EU tax battle
September 2nd, 2016
Magic Circle heavyweight Freshfields Bruckhaus Deringer has secured the mandate to defend Apple against the single largest EU tax bill in history. With the global business community still reeling over the European Commission’s surprise decision to order Apple to ...
Why the EU says Apple must pay Ireland $14.5 billion in tax
September 1st, 2016
The European Commission (EC) ordered Apple Inc. to pay Ireland unpaid taxes of up to 13 billion euros ($14.5 billion) on Tuesday as it ruled the firm had received illegal state aid. What is the EC alleging? The European ...
Paysafe acquires affiliate technology provider Income Access
September 1st, 2016
Paysafe (LSE: PAYS.L, “Paysafe” or the “Group”), a leading global provider of payment solutions, announces today that it is expanding its product capabilities by acquiring Income Access Group (“Income Access”), a pioneering affiliate technology business for a cash consideration ...
Cheers! Lawyers net £200m from SABMiller deal
September 1st, 2016
Law firms will bank almost £200m from advising on the third-largest corporate takeover ever – brewer SABMiller’s £79bn acquisition by Budweiser owner Anheuser-Busch InBev. In total, the two companies will pay an astonishing $2bn in fees and taxes to ...
World leaders ousted for legal reasons
September 1st, 2016
Brazil’s Dilma Rousseff became the latest political leader ousted for legal reasons after the Senate voted for her impeachment Wednesday. Rousseff joins a gallery of former leaders forced to stand down either through formal impeachment proceedings or forced to ...
EU Apple Tax Ruling Stirs Fears of Revenue Loss in U.S.
August 31st, 2016
American politicians have spent years salivating over U.S. companies’ stockpile of untaxed foreign profits, now more than $2 trillion and growing. Europe got to that money pot first. The European Commission’s ruling Tuesday that Apple Inc. must pay $14.5 billion in back ...
Apple should repay Ireland €13bn, European Commission rules
August 30th, 2016
Ireland should recover up to €13bn (£11bn) from Apple in back taxes, the European Commission has ruled. After a three-year investigation, it has concluded that the US firm’s Irish tax benefits are illegal. The Commission said Ireland enabled the company ...
EU accused US of ‘acting like a tax haven’
August 29th, 2016
US accused of ‘acting like a tax haven’ for threatening retaliation against Brussels’ anti-trust investigations into Apple, Amazon and Starbucks The US has been accused of “behaving like a tax haven”, in an escalating war of words between Washington ...
Taiwan to toughen anti-money laundering law after US fine
August 25th, 2016
Taiwan moved Thursday (Aug 25) to toughen its anti-money laundering law after US authorities fined a local bank linked to the so-called Panama Papers scandal. Last week, American regulators fined Taiwan’s Mega International Commercial Bank US$180 million for showing ...
