Is tax avoidance the only motivation for multinationals with foreign affiliates in ‘tax havens’? This research on German multinationals paints an entirely different picture. What follows in its entirety is research by the Center for Economic Policy Research (CEPR) on what motivates German manufacturing and services multinationals (excluding financial services) to invest in ‘tax … More Why German Multinations Invest in Tax Havens
The European Commission has today issued a press release confirming their finding that Ireland, granted undue tax benefits of up to €13 billion to Apple. This is illegal under EU state aid rules, because it allowed Apple to pay substantially less tax than other businesses. Ireland must now recover the illegal aid. Commissioner Margrethe Vestager, … More Ireland Must Recover 13 Billion Euros in Illegal State Aid to Apple.
The Q&A with me on Page 9 which covers the issues which have been brought into sharp focus by the theft of the ‘Panama Papers’ is set out below: IFC: As more IFCs sign up to FATCA & the OECD’s Automatic Exchange of Information Standard, do you see a fundamental shift in policy happening in the … More The Movement of Wealth, Transparency, the Right to Privacy…and More
Fancy a peek at Facebook’s earnings and tax bills? Tax Eurocrats certainly do. So keen are they to compel the world’s largest multinational corporations to open their tax arrangements with EU governments to full public scrutiny that the European Commission is expected to table the necessary legislation in April. Tax legislation in the EU … More What a Tangled Web!
“For its part, Ottawa must decide if and when it will introduce legislation to implement BEPS and, having regard to the international competitiveness of Canadian business, to what extent it will do so without firm commitments that our major trading and treaty partners will follow suit – in particular the United States, where the legislative … More Competitiveness, Tax and Unilateral State Action. A Canadian Perspective.
The U.S ranks 94th out of 100 on the Tax Attractiveness Index (TAI); is the worst performer of all G8 countries; and of its G20 colleagues, it only managed to out-rank Argentina, South Korea and Indonesia. Little wonder perhaps that U.S multinationals have found better tax planning opportunities in the index’s top 10 highest ranking … More Why America Might Need Our Sympathy.
( US President Obama Image: Headlinedigest) Absolutely NOT! Is America’s emphatic response to French proposals tabled this week ahead of the G20 finance ministers meeting for a new tax on internet multinationals like Apple, Google and Amazon, based on the volume of personal data collected. France’s quarrel with the U.S is that according to existing … More Obama Rejects Tax on Personal Data Collection.