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TAX NEWS

EY Created Facebook’s Tax Plan. And Lo, It Was Good, Declared EY

EY Created Facebook’s Tax Plan. And Lo, It Was Good, Declared EY
By David Kocieniewski, BloombergBusinessweek Facebook is having an argument with the Internal Revenue Service, which the social media giant says could cost it as much as $5 billion. The dispute involves a tax strategy designed by EY, formerly Ernst & ...

Jersey is ‘part of the world’s largest tax-evasion network’

Jersey is ‘part of the world’s largest tax-evasion network’
THE UK’s Shadow Home Secretary has claimed that Crown Dependencies, including Jersey, are part of the ‘largest tax-evasion network in the world’. Speaking in the House of Commons, Labour MP Diane Abbott was reacting to what she described as a ‘startling ...

Apple expects to offset €13bn Irish tax bill by paying less in US

Apple expects to offset €13bn Irish tax bill by paying less in US
By Cliff Taylor Tech giant’s latest filings likely to raise tensions between US and European Commission Apple believes that any extra tax it pays in Ireland as a result of the recent European Commission judgment would be ...

Tax evasion arrests in Israel for tycoons using Scots firm

Tax evasion arrests in Israel for tycoons using Scots firm
By David Leask and Richard Smith INTERNET tycoons who used a Scottish firm to front for a global financial gambling empire have been arrested for mass tax evasion in Israel. The men, Haim Toledano and Saar Pilosof, were detained amid an ...

Panama signs international tax convention, OECD says

Panama signs international tax convention, OECD says
Oct 27 Panama signed on Thursday a multilateral convention to share foreign taxpayers' details with other governments, the Organisation for Economic Cooperation and Development (OECD) said, marking a big step towards ending its status as an offshore tax haven....

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