Ireland Must Recover 13 Billion Euros in Illegal State Aid to Apple.

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 Movement of Wealth, Transparency, the Right to Privacy…and More

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

Competitiveness, Tax and Unilateral State Action. A Canadian Perspective.

“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.

Cameron Calls for Multilateral Deals on Automatic Exchange of Tax Information…And More!

(Knitted caps adorn fruit smoothies at the World Economic Forum in Davos) Speaking at the World Economic Forum in response to a question about whether the “enormous moral and public pressure to pay more tax” would discourage investment in the UK”, the UK Prime Minister called for more multilateral deals on automatic information exchange, including with developing… More Cameron Calls for Multilateral Deals on Automatic Exchange of Tax Information…And More!