Apple, already the largest U.S. taxpayer, says that it anticipates repatriation tax payments of approximately $38 billion as required by recent changes to the tax law. A payment of that size would likely be the largest of its kind ever made.
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Steve Jobs Says Apple Won’t Bring Home Money Parked Overseas Until Tax Rates Are ‘Fair’
Apple CEO Tim Cook recently fielded questions on Apple’s tax practices, including the company’s decision not to repatriate income earned overseas – at least not just yet. Cook invoked the “f” word when talking about offshore income, saying that he wouldn’t bring Apple’s overseas funds “until there’s a fair rate,” meaning, of course, a “fair” tax rate. Here’s what you need to know about Cook’s comments and Apple’s storied tax history.
Read MoreApple Agrees To Pay Italy Nearly $350 Million In Tax Deal
Apple has agreed to pony up 318 million euro ($347.72 million U.S.) to settle a tax dispute in Italy related to back taxes. The news was
Read MoreNetherlands 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
Read MoreStarbucks, 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
Read MoreIntuit & Apple Have Changed The Rules For TurboTax Users
When it comes to choosing a tax preparation platform, some taxpayers like the opportunity to create and file a tax return on the internet by
Read MoreApple Adds Egg Freezing As Employee Benefit
Apple and Facebook have fired the latest round in the “perk wars” – efforts to woo and keep talent in the tech sector. Not content with fancy meals, tech companies are offering female employees the opportunity to freeze their eggs. As perks keep expanding, what are the tax consequences to those employees?
Read MoreIreland Says It Will End “Double Irish” Tax Scheme
Irish Finance Minister Michael Noonan has all but labeled the “Double Irish” deal dead during the presentation of his 2015 budget even as companies like Google claim that it won’t make a difference.
Read MoreEuropean Commission Broadens Tax Inquiries To Include Amazon: Google, Microsoft, & McDonald’s May Follow
Move over, Apple, Starbucks & Fiat: it appears you have some company. Last month, the European Commission announced that it would be formally investigating the
Read MoreEU Launches Investigation Into Apple, Starbucks, & Fiat Tax Deals: More To Follow?
The United States hasn’t been shy about demanding records into tax and financial practices of multinational banks and corporations in the name of tax fairness.
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