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Thread: MNC Corporation Tax - avoidance and payments. UPDATE June 2014- EU State Aid Investigation to Commence

  1. #646
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    Default Re: MNC Corporation Tax - avoidance and payments. UPDATE June 2014- EU State Aid Investigation to Commence

    Note: PM of Luxembourg at the time of the deal with Amazon was one Junker..... I wonder what will happen with the report?

    No conspiracy theories to see here, move on....

  2. #647
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    Default Re: MNC Corporation Tax - avoidance and payments. UPDATE June 2014- EU State Aid Investigation to Commence

    Ireland getting fined for not collecting Apple taxes

    Separately, the European Commission also said it would sue Ireland over its failure to collect as much as €13 billion in back taxes owed by Apple following an order last year and refers case to EU court.

    “More than one year after the commission adopted this decision, Ireland
    has still not recovered the money,” EU Competition Commissioner
    Margrethe Vestager says in emailed statement.

    Ireland had until Jan. 3 deadline to recover tax EU said was owed by Apple. Although Ireland has made progress on the calculation of the exact amount of the illegal aid granted to Apple, it is only planning to conclude this work by March 2018 at the earliest, EU says. The Commission therefore decided to refer Ireland to the EU Court of Justice.



    http://www.zerohedge.com/news/2017-1...ct-apple-taxes
    Politics is the gentle art of getting votes from the poor and campaign funds from the rich, by promising to protect each from the other. ~Oscar Ameringer

  3. #648
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    Default Re: MNC Corporation Tax - avoidance and payments. UPDATE June 2014- EU State Aid Investigation to Commence

    The usual result, money for the lawyers. I saw somewhere that we had already spent several million € on the issue, more to come.

  4. #649
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    Default Re: MNC Corporation Tax - avoidance and payments. UPDATE June 2014- EU State Aid Investigation to Commence

    Leo talking tough

    Taoiseach Leo Varadkar threatened the Government may take Apple to court over the delay in coughing up €13bn in back taxes demanded by the European Commission.
    Brussels has already referred Ireland to the European Court of Justice for failing to collect the money more than a year after the technology giant was ordered to pay up.
    The Government and Apple have consistently insisted the tax was never owed, and both have appealed the controversial ruling. It has said officials have been working on establishing an escrow fund to house the money once the final amount is calculated.

    But Mr Varadkar upped the ante yesterday as he appeared to cast blame for the delay on to Apple. Suggesting a strain in relations between the Government and one of the country's biggest employers, the Taoiseach said the Government didn't want to be in the position where it would have to take legal action against Apple.
    https://www.independent.ie/business/...-36342615.html
    Politics is the gentle art of getting votes from the poor and campaign funds from the rich, by promising to protect each from the other. ~Oscar Ameringer

  5. #650
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    Default Re: MNC Corporation Tax - avoidance and payments. UPDATE June 2014- EU State Aid Investigation to Commence

    12.5%

    Eight of the 100 highest earning Irish-based multi-nationals are paying no corporation tax whatsoever, five have a tax bill of less than 1% and others are effectively being paid by the taxman because of serious loopholes in the tax system.

    The State's financial watchdog revealed the shocking situation at the start of a detailed Dáil meeting with Revenue this morning despite Revenue chairman Niall Cody insisting: "I don't believe Ireland is a tax haven."



    http://www.irishexaminer.com/breakin...Gj8NL4.twitter
    Politics is the gentle art of getting votes from the poor and campaign funds from the rich, by promising to protect each from the other. ~Oscar Ameringer

  6. #651
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    Default Re: MNC Corporation Tax - avoidance and payments. UPDATE June 2014- EU State Aid Investigation to Commence

    news on Apple





    Last edited by DCon; 18-09-2018 at 07:25 PM.
    Politics is the gentle art of getting votes from the poor and campaign funds from the rich, by promising to protect each from the other. ~Oscar Ameringer

  7. #652
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    Default Re: MNC Corporation Tax - avoidance and payments. UPDATE June 2014- EU State Aid Investigation to Commence

    Luxembourg not guilty

    The Commission has found that the non-taxation of certain McDonald's profits in Luxembourg did not lead to illegal State aid, as it is in line with national tax laws and the Luxembourg-United States Double Taxation Treaty.
    At the same time, the Commission welcomes steps taken by Luxembourg to prevent future double non-taxation.

    McDonald's Europe Franchising is a subsidiary of McDonald's Corporation, based in the United States. The company is tax resident in Luxembourg and has two branches, one in the United States and the other in Switzerland. In 2009, McDonald's Europe Franchising acquired a number of McDonald's franchise rights from McDonald's Corporation in the United States, which it subsequently allocated internally to the US branch of the company.
    As a result, McDonald's Europe Franchising receives royalties from franchisees operating McDonald's fast food outlets in Europe, Ukraine and Russia for the right to use the McDonald's brand.
    McDonald's Europe Franchising also set up a Swiss branch responsible for the licensing of the franchise rights to franchisors and through which royalty payments flowed from Luxembourg to the US branch of the company.


    http://europa.eu/rapid/press-release_IP-18-5831_en.htm
    Politics is the gentle art of getting votes from the poor and campaign funds from the rich, by promising to protect each from the other. ~Oscar Ameringer

  8. #653
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    Default Re: MNC Corporation Tax - avoidance and payments. UPDATE June 2014- EU State Aid Investigation to Commence

    Only in Irelabd


    Government sources say €1.6bn tax ruling could ‘spook’ multinationals

    https://www.businesspost.ie/news/gov...3450?preview=1

    More here


    Ireland's tax authorities have demanded that drugmaker Perrigo (PRGO.N), formerly known as Elan, pay 1.64 billion euros ($1.9 billion) in taxes relating to the calendar year 2013, a U.S. securities filing showed.

    According to the filing, Irish Revenue Commissioners say that intellectual property sales by Elan Pharma, including multiple sclerosis drug Tysabri, was taxed as trading income at 12.5 percent, when it should have been treated as a chargeable gain at a rate of 33 percent.

    https://mobile.reuters.com/article/amp/idUSKCN1OK0TK
    Politics is the gentle art of getting votes from the poor and campaign funds from the rich, by promising to protect each from the other. ~Oscar Ameringer

  9. #654
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    Default Re: MNC Corporation Tax - avoidance and payments. UPDATE June 2014- EU State Aid Investigation to Commence

    [QUOTE=DCon;474539]Only in Irelabd


    [URL="https://www.businesspost.ie/news/government-sources-say-e1-6bn-tax-ruling-spook-multinationals-

    Another example of the supine, lazy, craven, support of 'mondialisation' as the French call it, and the basis of much of the 'gilet jaunes' protests.

    We have dozens of proper Irish based ideas that have been turned into profitable businesses. Unfortunately, many of them have to turn to the US for venture capital.

    We probably have plenty of venture capital here, but they don't tend to take risks.

    This nonsense of nit picking of whether it should be 12 or 33% is useless. There are rafts of cute whores out there who can always find another lacuna in tax legislation. Why not put the efforts in to looking at ways of getting more support for Irish ideas?

  10. #655
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    Default Re: MNC Corporation Tax - avoidance and payments. UPDATE June 2014- EU State Aid Investigation to Commence

    Irish ideas take time and money

    Multinationals bring instant jobs and headlines

    If you are a TD who has getting re-elected as your only goal, instant jobs for the Constituency will always be the preferred option
    Politics is the gentle art of getting votes from the poor and campaign funds from the rich, by promising to protect each from the other. ~Oscar Ameringer

  11. #656
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    Default Re: MNC Corporation Tax - avoidance and payments. UPDATE June 2014- EU State Aid Investigation to Commence

    +1, unfortunately, 'all politics is local'

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