Tag Archives: tax

Over the last few years, one of the biggest cases against Apple has been an EU ruling to pay 13 billion euros in back taxes in Ireland. Since the beginning, Apple has had a firm stance on fighting this ruling and the Irish government was also on Apple's side. Now, …

Back in 2016, the European Commission ruled against Apple in a huge tax evasion case, ordering the company to pay around 13 billion Euros in back taxes. Apple did begin paying off the bill, with the money being held in an escrow account. Now this week, Apple will begin its …

Way back in 2014, the EU launched an investigation into Apple's tax dealings in Ireland. It took a few years, but eventually the investigation culminated in a massive €13 billion bill for Apple. The Irish government expressed its disagreement with the ruling and Apple did launch an appeal. In the …

Last week, Apple became the first US company to be valued at $1 trillion by market capitalisation, thanks in part to its relentless control over money as well as its impact in the technology market. It turns out that the firm has appealed its tax assessments nearly 500 times in …

It is no secret that large tech companies often use various methods to lower the amount of tax they owe in different continents. This has riled up the European Union in the past and now, they intend to do something about it. A couple of weeks ago, reports began surfacing …

It is no secret that large tech companies often use various methods to lower the amount of tax they owe in different continents. This has gotten the likes of Facebook, Apple, Amazon and Google into varying degrees of trouble over here in the Europe. So with that in mind, the …

Last year, the European Commission ruled that Apple should have to pay £11 billion in back taxes after the company funneled money through Ireland to avoid paying larger taxes on profits made throughout Europe. At the time, the Irish government sided with Apple and at one point, the US government …

In May 2016, Google's Paris headquarters was subjected to a raid by authorities in France, believing that the search giant had cheated the country out of €1.6 billion in unpaid taxes. The case has been ongoing ever since but this week, A French court ruled against France's tax authority, clearing …

There has been a lot of controversy surrounding Apple and its tax payment strategy in Europe, which involves routeing money through Ireland for lower tax rates. Back in August, the European Commission ended its three-year investigation into the case, concluding that Apple should still owe around 13 billion euros in …

Even though it earned close to £5 billion pounds around the world in 2015, Facebook has managed to earn itself more than £11 million in tax credits with the British government, meaning that it can offset future tax bills to reduce those figures. This comes at a time of massive …

Google has been targeted in a number of countries for unpaid taxes over the past year. In the UK it managed to strike a deal with ministers to pay around 10 percent of what it owes, but that may not be the case in Indonesia. The national tax office said …

Earlier this morning, we learned that the European Union had wrapped up its three-year long investigation into Apple's tax payment strategy in Ireland, concluding that Apple should still pay around 13 billion euros in taxes for earnings made between 2003 and 2014. This is obviously quite big news and it didn't …

The European Commission has concluded its three year investigation into Apple's use of Irish tax loopholes to avoid paying high corporation tax and has ruled that it should pay as much as 13 billion euros (£11 billion) in back taxes. Both Apple and Ireland's government are expected to appeal the …

One of the biggest financial scandals in the UK earlier this year, was when Google managed to negotiate paying around 10 per cent of the tax it owed the British government. France however isn't so keen to see Google skip out on back taxes and following a raid on the …

Facebook, like other major tech firms in the UK is often accused of paying far too little corporation tax. In 2014, despite making more than £840 million through UK advertising sales, it paid just £4,300 for the entire year. That's set to change moving forward, as Facebook is changing its …

If you're a social networking user with any politically minded friends, then chances are over the past week you've been informed that there's something funny going on with Google results when looking up the Conservatives: they don't offer derogatory auto-complete choices. Some have suggested that this could be to do with …

France has made it quite clear that it will not be striking a back-tax deal with Google, ruling out finding a middle ground with the American search company. This is counter to what happened in the UK most recently, where Google was asked to pay just £130 million, despite having …

Google is set to be questioned by a parliamentary committee about a back-tax deal it struck with Her Majesty's Revenue and Customs (HMRC), where it agreed to pay £130 million to cover claims of under-taxation from the past 10 years. Several MPs have since called the deal “cosy,” and want …

It seems that Apple and the Italian Tax Office have managed to come to a settlement agreement following a tax fraud investigation. Between 2008 and 2013, the Italian tax office believed that Apple owed around €880 million in corporation tax through its Italian subsidiary ‘Apple Italia', but the company had …

Following on from the UK's general election taking place last week, many people have their eyes on the re-elected prime-minister David Cameron, to see if (among other things) he will make good on promises he's made in the past that tech firms dodging British tax law would be strapped down …

Chances are, unless you were reasonably well versed in copyright law, you weren't aware that until very recently, it was actually illegal for you to copy media you owned. That's right, taking that CD and ripping it to your PC, or taking songs you've downloaded and putting them on an …

We reported last week that the Hungarian government had announced a new tax set to be brought into effect in 2015, that would see individuals and corporations taxed by the gigabyte they used. No measly sum either, but around £0.40 per GB. Due to public upheaval it later added a …

Update: And just like that, the government has relented. After pressure from the press and public, it's now announced that while the tax will still be implemented, there will be a cap on it. For individuals, no one will have to pay more than 700 forints (£1.8), while businesses will …

Tax avoidance is a difficult topic, not least because anyone that's ever filed a tax return through an accountant is likely engaged in it one way or another. However while many morally deplorable newspapers like to point the finger at rich individuals who have dodged tax on their several millions, …

Despite all the negative attention that the privacy destroying revelations surrounding the NSA's PRISM scheme has brought to the US and the huge fallout because of that in the US technology sector, the government is continuing to extend its tentacles around the world and is getting local governments to force …

Amazon is expected to to announce after its best Christmas takings in years, that its coffers have swollen to an impressive $9 (£5.7) billion, which represents an impressive increase since September, when Amazon was sitting on a more modest total around $5.2 (£3.3) billion. It's thought that this uptake in …

Knowing that you're about to pocket close to $4 Billion, what self-respecting Harvard man wouldn't consider getting the fastest plane out of the US of A, leaving his passport behind and claiming to be Singaporean?  Reports out of the States seem to indicate that Eduardo Saverin is heading East as …