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

  1. #631
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    Default Re: MNC Corporation Tax - avoidance and payments. UPDATE June 2014- EU State Aid Investigation to Commence

    Luxleaks whistleblowers in court to appeal

    Two whistleblowers and an investigative reporter in the "LuxLeaks" tax scandal return to court on Monday for leaking thousands of documents that exposed Luxembourg's huge tax breaks for major international companies.

    Former PricewaterhouseCoopers employees Antoine Deltour and Raphael Halet in June received 12-month and nine-month sentences, respectively.

    Journalist Edouard Perrin was acquitted of all charges, but was added to the appeal after the Luxembourg prosecutor argued that his case was indelibly linked to the others.

    The re-trial, following an appeal by Deltour and Halet, is due to last from Monday until December 21.


    http://www.wort.lu/en/luxembourg/sta...ailyNewsletter
    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

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

    Juncker

    The president of the European commission, Jean-Claude Juncker, spent years in his previous role as Luxembourg’s prime minister secretly blocking EU efforts to tackle tax avoidance by multinational corporations, leaked documents reveal.

    Years’ worth of confidential German diplomatic cables provide a candid account of Luxembourg’s obstructive manoeuvres inside one of Brussels’ most secretive committees.



    https://www.theguardian.com/business...P=share_btn_tw
    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. #633
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    Default Re: MNC Corporation Tax - avoidance and payments. UPDATE June 2014- EU State Aid Investigation to Commence

    The question is, who ever agreed that a committee with such a sensitive mandate was set up with a 100% agreement requirement? Bound to fail....

  4. #634
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    Default Re: MNC Corporation Tax - avoidance and payments. UPDATE June 2014- EU State Aid Investigation to Commence


  5. #635
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    Default Re: MNC Corporation Tax - avoidance and payments. UPDATE June 2014- EU State Aid Investigation to Commence

    Quote Originally Posted by Dr. FIVE View Post
    Patheric, but what do you expect? The craven knee bend to FDI is well known. Just shows the attitude of these outfits, someone in the Dublin setup has briefed the boss.

    However, the Data Commissioner's role is severely constrained by the latest EU/EC proposals on data security.

  6. #636
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    Default Re: MNC Corporation Tax - avoidance and payments. UPDATE June 2014- EU State Aid Investigation to Commence

    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. #637
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    Default Re: MNC Corporation Tax - avoidance and payments. UPDATE June 2014- EU State Aid Investigation to Commence

    Nothing to see here, next Finance Bill will plug that one, meanwhile various slushy funds will slop around in the mire.

    And move on to the next loophole.

  8. #638
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    Default Re: MNC Corporation Tax - avoidance and payments. UPDATE June 2014- EU State Aid Investigation to Commence

    Quote Originally Posted by barrym View Post
    Nothing to see here, next Finance Bill will plug that one, meanwhile various slushy funds will slop around in the mire.

    And move on to the next loophole.
    This was well flagged some 24 months ago as it reached dail committee stage. FG govt ignored it at will especially Noonan received loads of lobbying from the vulture funds firms, finance firms et al.

    If FG govt want to increase their tax take, this is the one but they don't give a damn about it.

  9. #639
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    Default Re: MNC Corporation Tax - avoidance and payments. UPDATE June 2014- EU State Aid Investigation to Commence

    Google victory
    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

  10. #640
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    Default Re: MNC Corporation Tax - avoidance and payments. UPDATE June 2014- EU State Aid Investigation to Commence

    Why only up to 2010? Was there a change afterwards?

    While I do not agree with Google's approach, the gist of the EU concept is it shouldn't matter where you are registered in the EU to do business. If we didn't play tax roulette for FDI Google would pay tax on all income in the EU at the same rate.

    Jaysus, we could do with the money, to fix the water pipes.

  11. #641
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    Default Re: MNC Corporation Tax - avoidance and payments. UPDATE June 2014- EU State Aid Investigation to Commence

    Pascal not budging


    In the interview, extracts from which the FAZ published on Wednesday, Finance Minister Paschal Donohoe said the tax rules from which Apple benefited had been available to all and not tailored for the U.S. technology giant. They did not violate European or Irish law, he added.

    "We are not the global tax collector for everybody else," the paper quoted him as saying. The European Commission last year ruled that Apple paid so little tax on its Ireland-based operations that it amounted to state aid.


    http://mobile.reuters.com/article/amp/idUSKCN1AW1ZB
    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

  12. #642
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    Default Re: MNC Corporation Tax - avoidance and payments. UPDATE June 2014- EU State Aid Investigation to Commence

    Yep, but if the others set up a means of stopping the Apples of this world transferring their profits?

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




    Last edited by DCon; 09-09-2017 at 01:35 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

  14. #644
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    Default Re: MNC Corporation Tax - avoidance and payments. UPDATE June 2014- EU State Aid Investigation to Commence

    change a coming


    Critics say online firms such as Google (GOOGL.O) or Facebook (FB.O) pay too little tax in the EU by routing profits to low-rate countries such as Luxembourg or Ireland. The EU has threatened to move ahead alone rather than wait for the world’s rich nations to find an accord.

    “We are of the opinion that in the digital sector, tax has to be paid where it is due, be it online or be it offline,” Juncker told a news conference after a summit of EU leaders in Estonia.

    “The Commission will propose next year new rules on fair and effective taxation that provides legal certainty and a level playing field for all,” he added.




    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

  15. #645
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    Default Re: MNC Corporation Tax - avoidance and payments. UPDATE June 2014- EU State Aid Investigation to Commence

    Commission rumoured to be fining Amazon several hundred million euro for alleged illegal State aid from Luxembourg

    https://www.ft.com/content/7ce5bf96-...5-27219df83c97
    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

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