Search Results for: corporation tax
EU Lays Down the Law on Tax Deals as Apple Probe Continues
May 20th, 2016
EU regulator clarifies rules for profit-shifting arrangements Transactions between units should be at market prices The European Union, locked in a tax battle with the likes of Apple Inc. and McDonald’s Corp., laid down the law in its bid ...
E*TRADE Financial Corporation announces First Quarter 2016 Results
April 22nd, 2016
First Quarter Results Net income of $153 million, or $0.53 per diluted share Adjusted net income of $122 million(1), or $0.43 per diluted share(1), excluding a $31 million income tax benefit related to the release of a valuation allowance ...
Once A Tax Haven, Gibraltar Now Says It’s Low-Tax
April 19th, 2016
Gibraltar, a tiny British territory at Europe’s southern tip, is famous for its geography — a huge limestone rock — that appears on the Prudential logo. It’s a global center for offshore banking, with the trappings of wealth to prove ...
Barack Obama: Tax avoidance is a big global problem
April 7th, 2016
US President Barack Obama has warned that “tax avoidance is a big global problem” and urged Congress to take action to eliminate tax loopholes. “A lot of it is legal, but that’s exactly the problem,” he said. His comments ...
HMRC’s response to the ICIJ story on offshore tax evasion
April 5th, 2016
Jennie Granger, Director General of Enforcement and Compliance, HM Revenue and Customs, said: HMRC is committed to exposing and acting on financial wrongdoing and we relentlessly pursue tax evaders to ensure that they pay every penny of taxes and fines ...
UK Legislates For 2016 Budget Tax Changes
March 29th, 2016
The UK Government has introduced legislation to implement a range of tax measures announced in the Budget, including changes to income tax thresholds and a corporation tax cut. Finance Bill 2016 was introduced in Parliament on March 24. It ...
Sugar tax surprise in Budget – but growth forecasts cut
March 17th, 2016
George Osborne has unveiled a tax on sugary drinks in a wide ranging Budget dominated by gloomier growth forecasts. The chancellor blamed the slowdown on a “dangerous cocktail” of global risks and said the UK had to “act now ...
Google £130m UK Tax Deal ‘Small’ Say MPs
February 25th, 2016
An influential committee of MPs is the latest to line up and criticise the settlement between the taxman and Google. MPs have declared that Google’s controversial £130m tax deal with the UK “seems disproportionately small”, and called for the ...
Google Grilling: Search Giant Faces More Questions Over Tax Deal With UK Government
February 11th, 2016
Earlier this month Alphabet, the parent company of Google, granted Google CEO Sundar Pichai almost $200 million in stock options. That sum, generous by any measure, is greater than the $185 million Google agreed to pay a week earlier to settle British tax issues covering the past ...
EU proposals will force multinationals to disclose tax arrangements
February 8th, 2016
Large US firms such as Google and Amazon will be required to disclose tax bills in Europe under draft legislation from European commission US multinationals such as Google, Facebook and Amazon will be forced to publicly disclose their earnings and tax ...
