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Apple's tax troubles - The Hindu

Apple's tax troublesThe HinduThe hefty > €13 billion in back taxes the European Commission imposed on Apple should have drawn Europe and the U.S. closer in their common quest to crack down on corporate tax avoidance. But the unprecedented penalty to hit the American tech giant ...and more »

Apple's Ireland Bill Puts U.S. Treasury in Tax-Credit Bind - Bloomberg;

Apple's Ireland Bill Puts U.S. Treasury in Tax-Credit Bind - Bloomberg

BloombergApple's Ireland Bill Puts U.S. Treasury in Tax-Credit BindBloombergWhen Apple Inc. was ordered by European regulators to pay $14.5 billion plus interest in back taxes to Ireland, the giant technology company seemed to be facing an expensive headache. Turns out it's a headache for the U.S. Treasury Department as well.and more »

Tax rule is tightened for U.S. firms trying to keep foreign profits overseas - Albuquerque Journal

Tax rule is tightened for U.S. firms trying to keep foreign profits overseasAlbuquerque JournalWASHINGTON – The Treasury Department sought Thursday to limit the benefits U.S. companies can claim when they pay taxes overseas, an effort to cushion the blow from Europe's demand that Apple pony up $14.5 billion in unpaid taxes. In new guidance ...and more »

Obama Administration Targets Corporate Offshore Tax Avoidance - Newsmax

Obama Administration Targets Corporate Offshore Tax AvoidanceNewsmaxThe Obama administration on Thursday took action to limit the use of foreign tax credits by American multinational companies to reduce their U.S. tax bills, a move that followed an EU order that Apple Inc. pay back taxes to Ireland. The Treasury issued ...and more »

Make Apple Pay Up - Townhall;

Make Apple Pay Up - Townhall

TownhallMake Apple Pay UpTownhallFor years, Washington lawmakers on both sides of the aisle have attacked big corporations for avoiding taxes by parking their profits overseas. A few weeks ago the European Union did something about it. The European Union's executive commission ...and more »

US tax avoidance clampdown a potential headache for Apple - Reuters UK;

US tax avoidance clampdown a potential headache for Apple - Reuters UK

Reuters UKUS tax avoidance clampdown a potential headache for AppleReuters UKA 3D printed Apple logo is seen in front of a displayed Irish flag in this illustration taken September 2, 2016. REUTERS/Dado Ruvic/Illustration/File Photo. By Jason Lange | WASHINGTON. WASHINGTON Apple Inc and other U.S. multinationals will face new ...and more »

Tax rule is tightened for US firms trying to keep foreign profits overseas - Torrington Register Citizen

Tax rule is tightened for US firms trying to keep foreign profits overseasTorrington Register CitizenWASHINGTON >> The Treasury Department sought Thursday to limit the benefits U.S. companies can claim when they pay taxes overseas, an effort to cushion the blow from Europe's demand that Apple pony up $14.5 billion in unpaid taxes. In new guidance ...and more »

U.S. tax avoidance clampdown a potential headache for Apple - Yahoo News;

U.S. tax avoidance clampdown a potential headache for Apple - Yahoo News

Yahoo NewsU.S. tax avoidance clampdown a potential headache for AppleYahoo NewsA 3D printed Apple logo is seen in front of a displayed Irish flag in this illustration taken September 2, 2016. REUTERS/Dado Ruvic/Illustration/File Photo. More. By Jason Lange. WASHINGTON (Reuters) - Apple Inc and other U.S. multinationals will face ...and more »

Wary of Russian gas, EU pushes TBP, Vertical Corridor - New Europe;

Wary of Russian gas, EU pushes TBP, Vertical Corridor - New Europe

New EuropeWary of Russian gas, EU pushes TBP, Vertical CorridorNew EuropeAn employee at an underground gas storage facility near Poltava, Ukraine, July 15, 2016. A MoU was signed by the TSOs from Ukraine, Romania, Bulgaria and Greece on reverse flows on the Trans Balkan Pipeline on September 9, 2016. Author.and more »

EU governments meet to divvy up $14.5 billion Apple tax windfall - Cult of Mac;

EU governments meet to divvy up $14.5 billion Apple tax windfall - Cult of Mac

Cult of MacEU governments meet to divvy up $14.5 billion Apple tax windfallCult of MacEuropean Union finance ministers reportedly discussed how to divvy up the windfall from Apple's 13 billion euros tax bill at a closed-door meeting in Slovakia over the weekend. Some European governments were reportedly more keen on getting their hands ...and more »

Juncker sounds defiant note on EU Apple tax ruling at G20 - Cosumnes Connection (subscription);

Juncker sounds defiant note on EU Apple tax ruling at G20 - Cosumnes Connection (subscription)

Cosumnes Connection (subscription)Juncker sounds defiant note on EU Apple tax ruling at G20Cosumnes Connection (subscription)A review of tax arrangements in Ireland will also be carried out following calls from independent ministers. His comments came after European Commission President Jean-Claude Juncker had also stressed that last week's ruling was fact-based and not ...and more »

EU to defend Apple tax decision on Irish agreement in court - CCH Daily inc Accountancy Live (subscription) (blog)

EU to defend Apple tax decision on Irish agreement in courtCCH Daily inc Accountancy Live (subscription) (blog)During a debate in the European parliament, Vestager told MEPs she acknowledged that Apple and the Irish government have a right to appeal. 'But we have taken a robust decision and we will defend it in court', she said. MEPs demonstrated wide support ...and more »

Apple vows to fight against record European Union tax bill - Cosumnes Connection (subscription);

Apple vows to fight against record European Union tax bill - Cosumnes Connection (subscription)

Cosumnes Connection (subscription)Apple vows to fight against record European Union tax billCosumnes Connection (subscription)The Irish government has already indicated it will appeal Tuesday's European Commission ruling that Ireland granted illegal state aid to the company. The former chief economist at the World Bank said the State knew what it was doing with regard to ...and more »

Bank of England to Bankroll Apple Despite 'Aggressive' Tax Avoidance - Sputnik International;

Bank of England to Bankroll Apple Despite 'Aggressive' Tax Avoidance - Sputnik International

Sputnik InternationalBank of England to Bankroll Apple Despite 'Aggressive' Tax AvoidanceSputnik InternationalThe Bank of England has agreed to buy bonds from Apple as part of a scheme to boost the economy, in a move that will anger its critics - including the European Commission - who accuse the tech giant of benefitting from cheaper borrowing while ...and more »

EU Competition Commissioner defends her Apple tax ruling - Irish Examiner;

EU Competition Commissioner defends her Apple tax ruling - Irish Examiner

Irish ExaminerEU Competition Commissioner defends her Apple tax rulingIrish ExaminerEU Competition Commissioner Margrethe Vestager has defended her finding that Ireland granted illegal state aid to Apple. Vestager told the European Parliament at a debate on the ruling in Strasbourg: "If taxes are not being paid by some, then they have ...and more »

S$19.7b Apple tax decision is based on facts, rules - Cosumnes Connection (subscription)

S$19.7b Apple tax decision is based on facts, rulesCosumnes Connection (subscription)The decision to make Apple pay £11billion in unpaid taxes was not an attack on the US, EU chief Jean-Claude Juncker said today. Ireland was instructed by the European Commission to recover up to €13bn of alleged state aid from the company over a ten ...and more »

Make Apple pay up - Jackson Hole News&Guide;

Make Apple pay up - Jackson Hole News&Guide

Jackson Hole News&GuideMake Apple pay upJackson Hole News&GuideFor years, lawmakers on both sides of the aisle have attacked big corporations for avoiding taxes by parking their profits overseas. A few weeks ago the European Union did something about it. The European Union's executive commission ordered Ireland to ...and more »

Michael O'Leary: Ireland should threaten to leave EU over Apple tax ruling - The Nationalist;

Michael O'Leary: Ireland should threaten to leave EU over Apple tax ruling - The Nationalist

The NationalistMichael O'Leary: Ireland should threaten to leave EU over Apple tax rulingThe NationalistIreland should threaten to leave the EU over the Apple tax ruling, according to Michael O'Leary. The Ryanair boss has said Europe is bullying Ireland and trying to undermine our right to dictate our own tax laws. We've been ordered to recoup €13bn from ...and more »

Apple's Tim Cook Lambasts EC Tax Ruling - Cosumnes Connection (subscription)

Apple's Tim Cook Lambasts EC Tax RulingCosumnes Connection (subscription)"We paid $400m in taxes to Ireland in 2014... that is one out of every $15 in taxes that were paid in the entire country", he insisted. "I'm pretty confident that the [Irish] Government will do the right thing". Earlier this week European Union ...and more »

Apple tax ruling reaction 'paints unfair caricature of Ireland' - Noonan - Cosumnes Connection (subscription);

Apple tax ruling reaction 'paints unfair caricature of Ireland' - Noonan - Cosumnes Connection (subscription)

Cosumnes Connection (subscription)Apple tax ruling reaction 'paints unfair caricature of Ireland' - NoonanCosumnes Connection (subscription)The crackdown, Warren wrote, is another step in an global effort to end such deals allowing "corporate tax dodgers" to partake in "cross-border games". Last month, the European Union dunned Apple for $14.5 billion in back taxes for what regulators ...and more »