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Europe Tackles Tax Evasion
Keywords:
EU leaders and proposals to limit tax avoidance by digital companies by requiring the companies to show the profits in the countries where they are made. This would require changing bilateral treaties. France is looking at proposals to tax companies by the number of clicks or user data. Large digital companies, including Apple and Google declare most of their European revenue in Ireland using legal loopholes in that country to shift profits to lower tax locations. A Senate report in the U.S. in May 2013 shows Apple using technicalities in Irish and U.S. laws to pay only a small amount in corporate taxes in four years 2009-2012 on $74 billion. Fredrik Reinfeldt, the prime minister of Sweden stated the argument for fairness in tax policy- "These companies ask for a lot of investment in infrastructure, in research and development, they want to have well educated staff members. Well, let's keep that together: Pay your taxes so we can afford all of these investments."
Tax avoidance of digital companies and new EU regulations
10/28/2010
Grouped Articles
Wall Street Journal 05/22/2013
Apple CEO Tim Cook, Lawmakers Square Off Over Taxes
Wall Street Journal 05/22/2013
Apple's Tax Strategy Aims at Low-Tax States and Nations
New York Times 04/28/2012
Ireland Defends Tax Laws to Critics at Home and Abroad
New York Times 05/21/2013
Global Firms' Tax Practices Draw U.K. Ire
Wall Street Journal 05/23/2013
The Corrosive Effect of Apple’s Tax Avoidance
New York Times 05/23/2013
Apple's cash holdings in foreign countries and in offshore tax havens
10/28/2010
Grouped Articles
Apple Avoided Taxes on Overseas Billions, Senate Panel Finds
Wall Street Journal 05/21/2013
Appleâs Web of Tax Shelters Saved It Billions, Panel Finds
New York Times 05/20/2013
Apple CEO Tim Cook, Lawmakers Square Off Over Taxes
Wall Street Journal 05/22/2013
Wall Street Journal 05/22/2013
Apple's Tax Strategy Aims at Low-Tax States and Nations
New York Times 04/28/2012
Ireland Defends Tax Laws to Critics at Home and Abroad
New York Times 05/21/2013
Ireland's low tax rates and tax avoidance by digital companies
10/28/2010
Grouped Articles
Wall Street Journal 05/22/2013
Apple CEO Tim Cook, Lawmakers Square Off Over Taxes
Wall Street Journal 05/22/2013
Apple's Tax Strategy Aims at Low-Tax States and Nations
New York Times 04/28/2012
Ireland Defends Tax Laws to Critics at Home and Abroad
New York Times 05/21/2013
Global Firms' Tax Practices Draw U.K. Ire
Wall Street Journal 05/23/2013
New York Times 05/23/2013
Google's U.S. federal tax liability of 18%. GE's low tax rate.
10/28/2010
The US tax rate for corporations at 35%, but the $1.5 billion federal tax liability of Google comes to an effective 18% tax rate. GE's consolidated tax rate of 11.6% from 2005 to 2009. This is also true of other large American companies, raising questions of fairness at a time of budget cuts in education, Medicaid and Medicare. Many U.S. companies, such as Apple, also use offshore tax havens to protect profits from taxes.
Grouped Articles
Apple Avoided Taxes on Overseas Billions, Senate Panel Finds
Wall Street Journal 05/21/2013
Appleâs Web of Tax Shelters Saved It Billions, Panel Finds
New York Times 05/20/2013
Apple CEO Tim Cook, Lawmakers Square Off Over Taxes
Wall Street Journal 05/22/2013
Wall Street Journal 05/22/2013
Ireland Defends Tax Laws to Critics at Home and Abroad
New York Times 05/21/2013
The Corrosive Effect of Apple’s Tax Avoidance
New York Times 05/23/2013
Apple's image after hearings in Congress on tax avoidance, following criticism for factory conditions in China
10/28/2010
Grouped Articles
Wall Street Journal 05/22/2013
Apple CEO Tim Cook, Lawmakers Square Off Over Taxes
Wall Street Journal 05/22/2013
Apple's Tax Strategy Aims at Low-Tax States and Nations
New York Times 04/28/2012
Ireland Defends Tax Laws to Critics at Home and Abroad
New York Times 05/21/2013
Global Firms' Tax Practices Draw U.K. Ire
Wall Street Journal 05/23/2013
New York Times 05/23/2013
Ireland and its low corporate tax rate of 12.5% in the E.U. bailout negotiations
01/08/2009
Grouped Articles
Wall Street Journal 05/22/2013
New York Times 05/23/2013
Ireland to Phase Out ‘Double Irish’ Tax Break Used by Tech Giants
New York Times 10/14/2014
Battered Ireland Clings to Its Low Taxes
BusinessWeek 11/24/2010
Portugal Needs the Luck of the Irish
Wall Street Journal 02/29/2012
Ireland becomes a test for E.U. crisis remedy - The Washington Post
Washington Post 03/01/2012
De Anza College in Cupertino, California where a Apple co-founder got his start and the implications of tax avoidance strategies
04/28/2012
A U.S. Senate Report in May 2013 points to tax avoidance strategies by Apple, and Apple CEO Tim Cook appears before a Senate hearing. EU leaders meet in Brussels to address the problems of tax avoidance by digital companies which aggravate the budget deficits of EU countries, especially at a time of cutbacks in infrastructure spending and education that supports the digital companies access to to human resources. De Anza College in Cupertino is where on of the Apple cofounders went to school. The head of the college describes the effects of cutbacks in funding on the college. On the other side of the Atlantic Fredrik Reinfeldt, Sweden's prime minister makes a similiar case saying the digital companies need access to infrastructure and educational centres which makes the payment of taxes used to fund this necessary for the whole system not to fall into dysfunction.
Linked Articles
Apple's Tax Strategy Aims at Low-Tax States and Nations
New York Times 04/28/2012
Wall Street Journal 05/22/2013
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