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multinationals News

MEPs: EU Must Do More To Tackle Tax Evasion

by Jason Gorringe,, London

Friday, November 17, 2017

MEPs have criticized the European Council and European finance ministers for a "lacklustre performance" in the fight against tax evasion and avoidance. Read Full Story


Bulgaria Requires CbC Reports By Year End

by Ulrika Lomas,, Brussels

Monday, November 13, 2017

Bulgaria has said that multinationals covered by the country's new transfer pricing country-by-country reporting regime should submit their first report by December 31, 2017. Read Full Story


US Senate Presents A Different Take On Tax Reform

by Mike Godfrey,, Washington

Monday, November 13, 2017

The Senate Finance Committee released its tax reform plan on November 9, presenting a draft bill with marked differences to that agreed by the House Ways and Means Committee on the same day. Read Full Story


EU Still Pushing For Ireland To Collect Apple Tax Bill

by Ulrika Lomas,, Brussels

Friday, November 10, 2017

The EU's Competition Commissioner has said that there has been "no indication" as to the time scale on which the Irish Government intends to collect the money involved in the Apple state aid case. Read Full Story


Apple Fires Back At Tax Avoidance Accusations

by Jason Gorringe,, London

Wednesday, November 8, 2017

Apple, the world's largest taxpayer, has released a statement seeking to debunk claims in media about its tax payments around the world, following coverage in recent days about it seeking tax mitigation arrangements in Jersey due to international tax changes in Ireland affecting its existing tax arrangements. Read Full Story


Labuan Urged To Adapt To BEPS By Removing Harmful Tax Offerings

by Mary Swire,, Hong Kong

Wednesday, November 8, 2017

Muhammad bin Ibrahim, the Governor of the Central Bank of Malaysia, has stressed the need for Labuan to review its international tax framework in light of the OECD's work on Action 5 of the base erosion and profit shifting project, on harmful tax practices. Read Full Story


Morrison Tells MNEs: Pay Your Taxes

by Mary Swire,, Hong Kong

Tuesday, November 7, 2017

Australian Treasurer Scott Morrison has said that his message to multinational corporations is "pay your tax based on what you earn here in Australia." Read Full Story


Appleby Says Only Demonstrable Crime Is Of Data Theft

by Mike Godfrey,, Washington

Monday, November 6, 2017

Appleby, the offshore law firm, has spoken out against recent media coverage, which implies but does not allege that there is wrongdoing in the papers recently exposed that include information on its clients' tax affairs. Read Full Story


HMRC Credited With Bringing Down UK Tax Gap

by Jason Gorringe,, London

Monday, October 30, 2017

The difference between the tax due and that collected by the UK tax authority – known as the "tax gap" – fell to a record low of six percent in the fiscal year 2015-16, according to official statistics released on October 26, 2017. Read Full Story


EU Consults On Taxing The Digital Economy

by Ulrika Lomas,, Brussels

Friday, October 27, 2017

The European Commission has launched a consultation on policy solutions to the problems associated with taxing the digital economy. Read Full Story



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