Search Results for: International law firm
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 ...
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 ...
Geneva’s Corporate-Tax Fight Becomes ‘Mother of All Battles’
August 29th, 2016
When the European Union pressured Switzerland to scrap tax breaks for foreign companies, Geneva had the most to lose. Now, the canton that’s home to almost 1,000 multinationals is set to use tax to burnish its appeal. Geneva will ...
Deloitte is being sued after failing to flag up more than $200 million of money laundering
August 25th, 2016
A Dubai-based investment group is suing the Middle Eastern arm of Deloitte and Touche after the accounting firm failed to flag up money laundering at a now-defunct Lebanese bank. Lebanese Canadian Bank paid over $100 million, or £76 million, ...
Dollar edges up, but on track for weekly loss
August 19th, 2016
The dollar wallowed close to eight-week lows against the euro on Friday, and was poised for weekly losses against its major counterparts, after minutes of the U.S. Federal Reserve’s July meeting revealed central bank policymakers were in no hurry ...
A paper trail links online traders to tax havens
July 21st, 2016
A paper trail that runs from Okinawa to Canada and from Israel to Italy and France links some unauthorized online traders on the blacklist of Japan’s financial regulator to offshore companies in tax havens, an analysis of files leaked ...
London Stock Exchange launches online private placement platform
July 12th, 2016
ELITE Club Deal will offer over 400 ELITE companies the opportunity to connect to institutional investors, private equity, VCs and other professional investors ELITE Club Deal enhances the range of business support services offered to ELITE companies from financial ...
Former PwC employees found guilty in Luxleaks trial
July 1st, 2016
Two former PwC employees at the centre of the so called ‘Luxleaks’ tax scandal have been found guilty and handed suspended sentences. Antoine Deltour, a former auditor for the Big Four firm and ex-employee Raphael Halet received 12 and ...
How will Brexit affect Britain’s trade with Europe?
June 28th, 2016
Britain will have to reach a new trade agreement with the European Union following its decision to sever links with Brussels. The task will be complex and will have to be carried out under the pressure of a two-year deadline. ...
