Corporate tax news — from filing obligations to policy changes affecting businesses of every size.
The U.S. Department of Justice filed a petition this week in an effort to force social networking company, Facebook Inc., to turn over information to the Internal Revenue Service (IRS) about the transfer of assets to Facebook’s Irish holding company, Facebook Ireland Holdings Limited (Facebook Ireland).
Ryanair, the low cost, big number European airline headquartered out of Dublin, Ireland, has announced that it will close its Oslo Rygge base out of southern Norway in October of 2016. The decision was made after the Norwegian Government confirmed a new tax on departing passengers.
In December of 2015, Wal-Mart PR, the Puerto Rico arm of the venerable Wal-Mart chain, filed a lawsuit against the Commonwealth of Puerto Rico in a bid to overturn certain new tax laws the retailer claimed were discriminatory and violated federal laws and the U.S. Constitution. Today, the U.S. District Court formally agreed with the retailer in Wal-Mart Puerto Rico Inc. v. Zaragoza-Gomez, 15-cv-3018, U.S. District Court, District of Puerto Rico (San Juan).
Uber drivers were worried for the privacy of their personal data after one driver had her information exposed over the internet. The on demand car company is blaming the incident on a “bug.”
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 first reported by Italian news agency La Republicca. Apple had been accused of failing to declare income of approximately 880 million euro ($961.97 million U.S.) from 2008 to 2013. Apple initially denied the charges….
What do you want for Christmas this year? Most American workers would like a higher salary for the new year, followed by better health insurance, a better work/life balance, a new employer, and more vacation time. When you add up the numbers, a Bankrate Money Pulse survey indicated that a quarter of those surveyed would like…
Wal-Mart Puerto Rico, Inc. (Wal-Mart PR), the Puerto Rico arm of the venerable Wal-Mart chain, has filed a lawsuit against the Commonwealth of Puerto Rico in a bid to overturn certain new tax laws the retailer says are discriminatory and violate federal laws and the U.S. Constitution. The case is Wal-Mart Puerto Rico Inc. v. Zaragoza-Gomez,…
Months after Volkswagen admitted that it had sold up to 11 million cars worldwide fitted with software designed to produce favorable and flawed emissions tests, German prosecutors have announced an investigation into whether the deception also constituted tax evasion. Up to 11 million cars worldwide were fitted with the software including the Audi A3 (2009-15), VW…
“[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…
(Author’s note: This story has been updated to reflect a statement from the Danish Ministry of Taxation.) With an expiring tax break looming in the distance, the Danish government suggested this week that Tesla Motors was going to extraordinary lengths in order to profit from the current tax law. Specifically, Danish Tax Minister Karsten Lauritzen…