Search Results for: Tax
Amazon to face EU investigation over Luxembourg tax deal
October 7th, 2014
The European Commission is set to begin a formal probe into allegations that Luxembourg allowed Amazon.com Inc to benefit illegally from state subsidies for its European operations for almost 10 years, the Financial Times reported on Monday. The investigation ...
Politicians must decide on tax changes said ACCA
October 6th, 2014
Politicians of every party face a stark choice between raising taxes or cutting spending, ACCA (the Association of Chartered Certified Accountants) has claimed as the Liberal Democrats autumn conference continues. Chas Roy-Chowdhury, head of taxation at ACCA, said ahead ...
Incoming antitrust head promises action on tax deals
October 3rd, 2014
Europe’s incoming antitrust chief has promised a tough line on state-subsidised tax avoidance, saying she will “send a signal” with the speedy conclusion of probes into deals with the likes of Apple, Fiat and Starbucks. At her European parliament ...
Tax Tactics Threaten Public Funds
October 2nd, 2014
When the European Commission charged this week that Ireland’s sweetheart tax treatment of Apple amounted to an illegal corporate subsidy, the company said that it had done nothing wrong. Corporate tax strategies intended to minimize global taxes, by hook ...
EU publishes details over Apple’s Irish tax breaks case
September 30th, 2014
European Union antitrust officials published Tuesday details about a decision to open an in-depth investigation into Apple’s tax deals with Ireland that it alleges fall short of international standards. In a letter from the European Commission to Irish authorities ...
Drug patents held overseas can pare makers’ tax bills
September 30th, 2014
As the Obama administration tries to stop companies from avoiding taxes by moving their headquarters overseas, the makers of some of the world’s most lucrative and expensive medicines are using another tactic to reduce their payments to the government. ...
Mauritius shares tax data directly
September 29th, 2014
Mauritius has confirmed that it will implement the Common Reporting Standard for automatic exchange of tax information between territories, based on the standards drawn up by the Organization for Economic Co-operation and Development (OECD). The announcement comes after Mauritius ...
Prada’s CEO being investigated by Italian authorities over tax
September 29th, 2014
Italian luxury fashion house Prada SpA said on Monday its chairwoman Miuccia Prada and her husband, chief executive officer and fellow shareholder Patrizio Bertelli, are under investigation by Italian authorities over past taxes. The Hong Kong-listed company said in ...
Illegal Irish corporate tax deals for Apple
September 29th, 2014
Preliminary findings of an investigation into tax deals have found Apple Inc.(AAPL.O) being accused of benefiting from illicit state aid in Ireland after striking illegal deals with Irish authorities and will have to face Brussels’ law. Details of the probe, which ...
Switzerland seeks Double Tax on PEs
September 24th, 2014
The Swiss Federal Council has launched a consultation on changes to the flat-rate tax credit, which seeks to ensure double tax relief for permanent establishments of companies that are located in Switzerland. The proposed change affects permanent establishments in ...
