corporate tax

U.K. Government Targets Tech Giants Like Apple and Amazon Over Tax Payments

The U.K. government announced in Wednesday’s annual budget that it plans to clamp down on tax avoidance by increasing the tax it collects from online giants such as Apple and Amazon. In his Treasury speech to the Commons, Chancellor Philip Hammond said income tax would be charged on royalties relating to U.K. sales, even when …

U.K. Government Targets Tech Giants Like Apple and Amazon Over Tax PaymentsRead More »

Apple Reportedly Shifted Billions of Dollars to Small Island of Jersey Amid Tax Crackdown [Updated]

Apple sidestepped a 2013 crackdown on its controversial Irish tax structure by moving the majority of its offshore cash holdings to the small island of Jersey, a self-governed territory with loose ties to the United Kingdom, according to leaked financial documents obtained by The New York Times and BBC. The island of Jersey via its …

Apple Reportedly Shifted Billions of Dollars to Small Island of Jersey Amid Tax Crackdown [Updated]Read More »