Netherlands Will Appeal Starbucks Tax Ruling, Apple Ruling Likely Delayed

“[T]he European Commission’s verdict in the Starbucks case deviates from national law and the OECD’s system.” That was the reaction on Friday from Netherlands Ministry of Finance in response to the European Commission’s October ruling that “selective tax advantages” granted to Fiat in Luxembourg and to Starbucks in the Netherlands were improper. The Commission has … Read more

Austrian Woman Destroys Million Dollar Fortune Rather Than Pay Out Heirs

Remember all those times your grandmother begged you to come visit? Apparently, some grandchildren in Austria didn’t visit… Whatever the reason, an Austrian grandmother went to great lengths to keep her family from getting her money, going so far as shredding €950,000 ($1,020,490 U.S.) just before she died. Not content to stop there, she also cut … Read more

Greece To Top Tax Figure: You’re Fired!

Earlier this year, Greece teetered on the brink of financial ruin. Unable to pay its debts, the country went begging to the Eurozone for another chance. Despite reservations from its colleagues, including an increasingly weary Chancellor Merkel in Germany, Greece was given that chance. This time, however, the deal came with strings – including stepping … Read more

Starbucks, Fiat Tax Deals Ruled Illegal, Ordered To Repay Millions In Back Taxes

In 2014, the European Commission announced that it would formally investigate the tax structures and practices of a handful of companies including Apple (Ireland), Fiat Finance and Trade (Luxembourg), and Starbucks (Netherlands). The inquiry followed months of promises by world leaders to ensure tax compliance after not-so-shocking revelations that multinational companies were engaging in controversial … Read more

Chances Are, You Paid More In Taxes Last Year Than Facebook Did (In The UK)

Some Facebook users in the United Kingdom (UK) may be getting ready to put that rumored “dislike” Facebook button to use: the social media site paid just £4,327 ($6,643 US) in UK corporate tax in 2014. No, that’s not missing a few zeros. It’s really £4,327 ($6,643 US). To be clear: I paid more in … Read more

In Legal Twist, Messi Will Stand Trial On Tax Fraud Charges

It turns out that Lionel Messi’s injury in Barcelona’s 2-1 victory over Las Palmas last month isn’t the most painful thing to happen to him this season. Days after it was reported that Spain had dropped criminal tax charges against the footballer, it appears that the trial is on again. Earlier this week, El Pais … Read more

Updated: Spanish Prosecutors Drop Criminal Tax Charges Against Lionel Messi

(Author’s note: This is not the last word on Messi. On October 8, a judge ruled that despite the prosecution’s actions, the case will move forward. More here.) Soccer fans in Barcelona can finally breathe a sigh of relief: prosecutors in Spain have dropped criminal charges against footballer Lionel Messi. It’s a dramatic turnabout from earlier … Read more

Pope’s Visit To U.S. Marked By Modesty, Generosity Of Donors

On his first visit to the United States, Pope Francis turned heads with his mode of transportation: a black Fiat 500L. The 2015 Fiat 500L, roomier than the more popular Fiat 500 mini, sells for between just $20,000 and $24,695. The Pope also opted for a relatively modest version of the famous Popemobile, a retrofitted Jeep Wrangler … Read more

Court Freezes $50 Million In Assets As Soccer Superstar Neymar Accused Of Tax Evasion

Another FC Barcelona striker has been accused of tax evasion – and this time, it’s not Spanish tax authorities who are leveling the accusations. A Brazilian judge has charged that Neymar da Silva Santos Júnior, known to most of the world simply as Neymar, took steps to avoid reporting income and paying tax. As a result, he … Read more

Spain Targets Another Soccer Star On Tax Evasion Charges

Less than two weeks after soccer fans learned that FC Barcelona midfielder Javier Mascherano will likely face charges for two counts of tax fraud, another high profile soccer player is under investigation. Midfielder Xabi Alonso who played with Mascherano in Liverpool, is being investigated for failing to declare income related to his image rights. The … Read more