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Apple Loses Court Battle in EU, Ordered to Pay Over $14 Billion in Back Taxes to Ireland
The European Court of Justice has now sided with Vestager, agreeing Apple had unduly benefited from unfair loopholes in Ireland's tax regime, and that the company must now hand Ireland EUR 13 billion roughly Rs. 1,20,903 crore) in back payments.
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Plugging Goods And Services Tax Loopholes, Says Nirmala Sitharaman
Finance Minister Nirmala Sitharaman on Saturday said the Central government is plugging the loopholes in the Good and Services Tax (GST) with the use of technology and is working towards eight per cent growth rate.
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Apple, Google, Other US Tech Giants Targeted by French, German Tax Crackdown
France is working with Germany and other partners to plug loopholes that have allowed US tech giants to minimise taxes and grab market share in Europe.
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Uber Using Loophole to Avoid UK Tax, Undercut Rivals
Uber confirmed to Reuters that it does not pay value added tax on the fees it charges British drivers.
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PM Modi Targets Real Estate Assets In Drive Against Corruption
Prime Minister Narendra Modi has quietly plugged a tax loophole used by the wealthy to buy real estate in someone else's name as part of his campaign against corruption, a senior tax official said on Monday.
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Election Commission Asks Government To Plug Black Money Loophole For Political Parties
The Election Commission has urged the government to ban anonymous contributions of Rs 2,000 and above made to political parties to curb the use of unaccounted or 'black' money during polls.
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Amid Notes Ban, Agents Offer To Convert Black Money. NDTV Investigates
Billed as a landmark move to curb tax evasion and corruption, the government's less than two week-old decision to recall 500 and 1000 rupee notes faces a graver challenge than the political bickering it has spawned.
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Hillary Clinton Offers Her Vision For US Economy, Rebukes Donald Trump's
Democrat Hillary Clinton said on Wednesday that if the US Congress does not act to close tax loopholes that benefit the wealthy and corporations, she will ask the Treasury Department to take up the issue if she is elected president.
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Tax Avoidance Is 'A Big Global Problem': Barack Obama
US President Barack Obama said today that the revelations that powerful international politicians and businessmen have hidden money in shell companies shows tax avoidance is a global issue.
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US President Barack Obama Praises Treasury Steps To Deter 'Tax Inversions'
President Barack Obama on Tuesday promoted federal steps to deter a corporate financial practice known as "tax inversions" and called on Congress to close "one of the most insidious tax loopholes out there," saying it short-changes the country.
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US President Barack Obama Proposes Closing Tax Loopholes on the Wealthiest
US President Barack Obama on Saturday proposed to close tax loopholes for the wealthiest Americans as part of the new economic strategy he plans to unveil in this year's State of the Union address.
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G20 Must Act on Corporate Tax Dodgers: Australian PM Tony Abbott
Australian Prime Minister Tony Abbott today said that the leaders of the world's most powerful economies should use this weekend's G20 summit to close corporate tax loopholes that cost countries billions of dollars in revenue.
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Barack Obama Reviewing Options on Corporate Tax Loophole
President Barack Obama said Wednesday that the administration is reviewing what authority he has to act without Congress to stop American companies from reincorporating overseas to avoid paying billions of dollars in taxes, a practice he has denounced as unpatriotic and has asked lawmakers to remedy.
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Ireland to close Apple's tax loophole, but leave bigger one open
Ireland plans to shut down a much-criticised tax arrangement used by Apple to shelter over $40 billion from taxation.
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The Irish loophole behind Apple's low US tax bill
Apple had channelled profits into Irish-incorporated subsidiaries that had "no declared tax residency anywhere in the world".
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Apple Loses Court Battle in EU, Ordered to Pay Over $14 Billion in Back Taxes to Ireland
The European Court of Justice has now sided with Vestager, agreeing Apple had unduly benefited from unfair loopholes in Ireland's tax regime, and that the company must now hand Ireland EUR 13 billion roughly Rs. 1,20,903 crore) in back payments.
-
Plugging Goods And Services Tax Loopholes, Says Nirmala Sitharaman
Finance Minister Nirmala Sitharaman on Saturday said the Central government is plugging the loopholes in the Good and Services Tax (GST) with the use of technology and is working towards eight per cent growth rate.
-
Apple, Google, Other US Tech Giants Targeted by French, German Tax Crackdown
France is working with Germany and other partners to plug loopholes that have allowed US tech giants to minimise taxes and grab market share in Europe.
-
Uber Using Loophole to Avoid UK Tax, Undercut Rivals
Uber confirmed to Reuters that it does not pay value added tax on the fees it charges British drivers.
-
PM Modi Targets Real Estate Assets In Drive Against Corruption
Prime Minister Narendra Modi has quietly plugged a tax loophole used by the wealthy to buy real estate in someone else's name as part of his campaign against corruption, a senior tax official said on Monday.
-
Election Commission Asks Government To Plug Black Money Loophole For Political Parties
The Election Commission has urged the government to ban anonymous contributions of Rs 2,000 and above made to political parties to curb the use of unaccounted or 'black' money during polls.
-
Amid Notes Ban, Agents Offer To Convert Black Money. NDTV Investigates
Billed as a landmark move to curb tax evasion and corruption, the government's less than two week-old decision to recall 500 and 1000 rupee notes faces a graver challenge than the political bickering it has spawned.
-
Hillary Clinton Offers Her Vision For US Economy, Rebukes Donald Trump's
Democrat Hillary Clinton said on Wednesday that if the US Congress does not act to close tax loopholes that benefit the wealthy and corporations, she will ask the Treasury Department to take up the issue if she is elected president.
-
Tax Avoidance Is 'A Big Global Problem': Barack Obama
US President Barack Obama said today that the revelations that powerful international politicians and businessmen have hidden money in shell companies shows tax avoidance is a global issue.
-
US President Barack Obama Praises Treasury Steps To Deter 'Tax Inversions'
President Barack Obama on Tuesday promoted federal steps to deter a corporate financial practice known as "tax inversions" and called on Congress to close "one of the most insidious tax loopholes out there," saying it short-changes the country.
-
US President Barack Obama Proposes Closing Tax Loopholes on the Wealthiest
US President Barack Obama on Saturday proposed to close tax loopholes for the wealthiest Americans as part of the new economic strategy he plans to unveil in this year's State of the Union address.
-
G20 Must Act on Corporate Tax Dodgers: Australian PM Tony Abbott
Australian Prime Minister Tony Abbott today said that the leaders of the world's most powerful economies should use this weekend's G20 summit to close corporate tax loopholes that cost countries billions of dollars in revenue.
-
Barack Obama Reviewing Options on Corporate Tax Loophole
President Barack Obama said Wednesday that the administration is reviewing what authority he has to act without Congress to stop American companies from reincorporating overseas to avoid paying billions of dollars in taxes, a practice he has denounced as unpatriotic and has asked lawmakers to remedy.
-
Ireland to close Apple's tax loophole, but leave bigger one open
Ireland plans to shut down a much-criticised tax arrangement used by Apple to shelter over $40 billion from taxation.
-
The Irish loophole behind Apple's low US tax bill
Apple had channelled profits into Irish-incorporated subsidiaries that had "no declared tax residency anywhere in the world".
