Posts Tagged ‘multinational corporations’

As American as Apple Inc.

Are large U.S. multinationals largely U.S. owned? To hear some of the arguments for retaining or enhancing the tax benefits that these companies enjoy, you’d think this was a given. Think again. Quirks in the tax laws essentially provide large U.S. multinationals like Apple, Google, and Cisco with a kind of turbo-charged Individual Retirement Account […]

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 […]