Search Results for: Tax
Italian Corporate Tax Rate To Fall In New Budget
October 18th, 2016
In a press conference on October 15, following approval by the Government of the draft Italian 2017 Budget, Premier Matteo Renzi announced that it contains the promised business tax cuts, and underlined that “tax burdens continue to go down.” ...
Cadbury’s Parent company made millions in profits but paid no corporation tax thanks to legal accounting techniques
October 17th, 2016
Cadbury’s American owners paid no UK corporation tax last year Parent company Mondelez UK made profits of £177million in 2015 It should have handed over £36million – but the company avoided payment Cadbury’s American owners were under fire last ...
Warning that firms may quit Scotland over tax hikes
October 17th, 2016
Growing “uncertainty” over political demands for tax hikes could see firms quit the country with the loss of skilled jobs in key technology sectors, Scotland’s leading tax, finance and accountancy giants have warned. Scots are already facing higher income ...
EU Council published conclusions on tax transparency
October 14th, 2016
“The Council: 1. RECOGNISES the progress made in pursuing the ambitious EU agenda for fairer, more transparent and more effective taxation and in strengthening the cooperation between fiscal authorities across the EU; 2. CONFIRMS the importance of improving further ...
Facebook faces $5bn tax charge over Ireland asset transfer
October 13th, 2016
Social media giant Facebook could have to pay up to $5bn in additional taxes as a result of an Internal Revenue Service (IRS) investigation challenging the way in which it accounted for the transfer of assets to its Irish ...
Companies from UK, Cyprus, Germany, Italy and 12 other countries involved in a gigantic millions euro tax scam
October 13th, 2016
Four Maltese companies have been implicated in what the Italian authorities are describing as a ‘gigantic carousel fraud’, the Vicenza Guardia di Finanza reported yesterday. The scam, which was perpetrated through 145 Italian companies and 35 companies outside of ...
Japan set to drop sales tax on buying virtual currency
October 12th, 2016
Japan looks to end sales-tax collection on purchases of virtual currencies in the spring, a move likely to propel the growth of bitcoin and others as alternatives to traditional money. The change would reduce costs for buyers and relieve operators of ...
Facebook challenged over £11.3 tax credit
October 10th, 2016
According to information filed at Companies House, Facebook paid £4.17m in corporation tax for the year to December 2015, and recorded sales of some £210m. However, the company also had a £11.3m credit to offset against future tax payments, ...
NZ Introduces ‘Netflix’ Tax
October 6th, 2016
Cross-border purchases by New Zealand residents of certain electronically supplied services became subject to goods and services tax (GST) on October 1, 2016. Non-resident businesses may need to register for New Zealand GST and charge GST on their supplies ...
Spain to impose Taxation on Bitcoin Miners
October 3rd, 2016
A recent notice from the official taxation authority in Spain sees bitcoin mining fall under the purview of an economic activity, opening cryptocurrency mining to taxation. Bitcoin and cryptocurrency miners in Spain will see taxation of their profits, a ...
