Posts Tagged ‘Apple’

Apple, Phantoms, Roads, and Debt

Is the EU about to grab the Holy Grail? The European Union plans to launch a formal investigation into Apple’s tax arrangements in Ireland—described by Senator Carl Levin (D-MI) as “the Holy Grail of tax avoidance,” Reuters reports. The US Senate determined that Apple had cut billions from its US tax bill by giving affiliates […]

The OECD’s International Tax Plan: The First Step on a Long Road

Last week, the OECD proposed a major new initiative aimed at cracking down on tax avoidance by multinational corporations. The 40-page report follows widespread international criticism of aggressive tax planning by high-profile U.S.-based firms such as Starbucks, Apple, and Google. The OECD report, called the Action Plan on Base Erosion and Profit Shifting, makes 15 recommendations […]

Why A Repatriation Tax Holiday is Still a Bad Idea

In another one of those bad ideas that never seem to go away, Congress may be about to grant a huge tax break to multinational companies that have stashed earnings in their foreign subsidiaries. A temporary tax holiday for firms that return those profits to the United States is the latest evidence that bipartisanship is […]