corporate income tax

corporate income tax

Tax-dodging tech companies escape $225B as Senate calls for reform

Amazon, Google being targeted by UK lawmakers for alleged tax dodging

bgr.com
Lawmakers in the United Kingdom are peeved that major tech companies Google (GOOG) and Amazon (AMZN) are paying a relative pittance in taxes despite racking up annual sales worth billions of dollars. As Reuters reports, the U.K.’s “Public Accounts Committee (PAC), which is charged with monitoring government financial affairs, has...
Amazon, Google being targeted by UK lawmakers for alleged tax dodging
Apple denies avoiding taxes, calls for reform in Senate testimony

You Can't Engineer Your Way Around America's Corporate Tax Rate

www.businessinsider.com
The theme of this year’s Technology Day at MIT was advanced manufacturing in the U.S. Kresge Auditorium was close to capacity with alumni from all reunion years. Learned MIT faculty weighed in on the importance of proximity between engineers and factories. The Atlas Device story was initially an inspiring tale...
You Can't Engineer Your Way Around America's Corporate Tax Rate

How The Dell Buyout Works As A Tax-Avoidance Scheme

www.businessinsider.com
The idea that Dell's planned $24 billion leveraged buyout is basically about avoiding America's pesky global tax regime isn't as far-fetched as it may sound at first. Like most American tech companies, Dell carries a lot of cash overseas. If it brings it home, it will pay US corporate income tax on it, generally...
How The Dell Buyout Works As A Tax-Avoidance Scheme
Two Charts That Show Why Politicians Are Trying To Crucify Apple

Google Reportedly Skirts $2 Billion In Taxes With Offshore Haven

techcrunch.com
Holy tax dodging! Google reportedly skirted a whopping $2 billion in worldwide income taxes in 2011 by unloading $9.8 billion in revenue into a Bermuda shell company, reports Bloomberg. Since Bermuda has no corporate income tax, Google slashed its tax rate nearly in half. The legal move utilizes “transfer pricing”,...
Google Reportedly Skirts $2 Billion In Taxes With Offshore Haven

Apple Avoids Overseas Taxes, Panel Finds

online.wsj.com
Apple paid little to no corporate income tax to any nation on tens of billions of dollars in income over the past four years, Senate investigators disclosed ahead of a hearing on Tuesday....
Apple Avoids Overseas Taxes, Panel Finds

"There is a technical term economists like to use for behavior like this. Unbelievable chutzpah."

parislemon.com
"There is a technical term economists like to use for behavior like this. Unbelievable chutzpah." - Edward Kleinbard, a law professor at USC speaking to NYT about Apple's overseas tax situation -- or lack thereof.  One potentially good thing out of all this, Tim Cook will address it directly tomorrow...
"There is a technical term economists like to use for behavior like this. Unbelievable chutzpah."

New bill looks to curb B&O taxes for startups in Washington state

www.geekwire.com
Washington state residents don’t pay an income tax, one of the reasons why some companies have found the area an attractive place to invest and expand. But go anywhere in startup circles in the state and you’ll hear the story of the dreaded B&O tax. The business and occupation tax — which...
New bill looks to curb B&O taxes for startups in Washington state
Apple publishes recommendations on tax reform ahead of Senate hearing on offshore tax practice

U.K. bookstores lash out at Amazon over alleged tax dodging

bgr.com
It’s rare to hear businesses bemoan any lack of tax payments, but bookstores in the United Kingdom are so fed up with Amazon (AMZN) that they’re willing to break the trend. The Guardian reports that the U.K.’s Booksellers Association has launched a new campaign that appeals to Britons’ civic pride...
U.K. bookstores lash out at Amazon over alleged tax dodging

Going Into Debt Will Help Apple Avoid Taxes

parislemon.com
Going Into Debt Will Help Apple Avoid Taxes: Matthew Yglesias: The statutory corporate income tax rate is quite high--35 percent--so it turns out to be cheaper to borrow the money and pay interest than to repatriate cash and pay taxes.  Yeah, that's insane. Luckily, this Apple situation will put a...
Going Into Debt Will Help Apple Avoid Taxes
As Long As It's Legal, Corporations Will Act Selfishly

Apple's Cook to Face Senate Questions on Taxes, Offer Reforms

allthingsd.com
Asa Mathat / AllThingsD.comApple CEO Tim Cook will testify Tuesday before the Senate Permanent Subcommittee on Investigation, which is examining U.S. companies’ offshore tax practices. This will be Cook’s first appearance at a congressional hearing since becoming CEO of Apple in 2011, and a potentially tough one during which he’ll...
Apple's Cook to Face Senate Questions on Taxes, Offer Reforms

Apple defends offshore decisions that result in low taxes

www.pcworld.com
Apple pays a fair share of the taxes it owes the U.S. and other nations, its CEO said Tuesday, despite criticism from U.S. senators that the company is ducking taxes by shifting profits to subsidiaries that the company does not consider tax residents of any nation.Apple CEO Tim Cook...
Apple defends offshore decisions that result in low taxes

Apple publishes official testimony ahead of Cook Senate appearance

www.electronista.com
A day ahead of CEO Tim Cook's planned appearance in front of the US Senate, Apple has published its official testimony (PDF) for the Senate Permanent Subcommittee on Investigations. In the document, the company lobbies for corporate tax reform, specifically arguing that the government should be "revenue neutral, eliminate all...
Apple publishes official testimony ahead of Cook Senate appearance

Amazon, Google and Starbucks accused of diverting UK profits

www.guardian.co.uk
Committee of MPs described a director from Amazon as being 'deliberately evasive' and displaying 'outrageous' ignoranceSenior executives from Amazon, Starbucks and Google were accused of diverting hundreds of millions of pounds in UK profits to secretive tax havens during a fraught exchange with a committee of MPs.Members of the public...
Amazon, Google and Starbucks accused of diverting UK profits
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