The Securities and Exchange Commission may approve of Apple’s overseas tax strategies but Italian taxing authorities aren’t so sure. This week, those Italian taxing authorities announced that they are investigating whether Apple has paid all of its taxes. According to the weekly magazine L’Espresso, taxing authorities are considering whether – wait for it – Apple…
On the last day of the G8 summit in Northern Ireland, a number of major world leaders agreed on new measures meant to ensure tax compliance by individuals and companies. The focus on tax evasion was a major part of the agenda set by British Prime Minister David Cameron: tax, trade, and transparency, or the…
My 7-year-old is always looking for an angle. Recently, she asked for a cookie before bedtime. I said yes. She asked for another one. I said no, just one. “But,” she whined at me, “They’re vegan!” My husband seemed to think she had a point. What Amy was doing was trying to find a loophole….
On St. Patrick’s Day, everyone wanted to be Irish for the day. If Irish Finance Minister Michael Noonan had his way, foreign executives would be Irish every day. Under Noonan’s controversial Special Assignee Relief Programme and the Foreign Earnings Deduction, certain multinational employees who take key jobs in Irish-based companies would receive a significant portion…
Imagine for a minute how you’d feel if you found out that Congress passed a law that would allow your neighbor to pay less tax than you – a lot less tax than you – simply because they waited so long to do it. That’s exactly what a measure introduced this week by Rep. Kevin…
This week’s Fix the Tax Code Friday is related to last week’s question – but with a twist. Earlier in the week, I posted about the potential for corporate tax breaks for companies who are repatriating funds to the U.S. Among the companies which appear to have interest in such a move is Apple, which…
Earlier this week, I posted about a potential tax holiday for multinational companies; the holiday would allow them to repatriate funds currently being held offshore at a lower tax rate. The idea, which has been bandied about by Rep. Eric Cantor (R-VA) and Sen. Orrin Hatch (R-UT) – but not endorsed by Treasury Secretary Geithner…
We are a Mac household. And a Mac family. Before you judge, rest assured that it wasn’t that cute Justin Long that influenced our decision. We were all-Mac before it was cool. My husband was a Drexel grad back in the 1980s when Drexel standardized the Apple and has been addicted obsessed hooked a fan…
What if the head of Coca-Cola suggested a tax on sugary sodas to combat increasing instances of obesity? Or if the big three automakers heralded an increase in the gas tax as a way of repairing our highways? It would leave a lot of us scratching our heads. That’s why many IT folks were left…
It’s Fix the Tax Code Friday! Yesterday, I blogged about NC’s efforts to woo Apple and Google to the Tarheel state by passing corporate tax breaks directed at each of them. This is nothing new. In my own state of Pennsylvania, a new film tax credit is being touted in an effort to bring more…