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Banks in turmoil Banking secrecy Reactions to banking deal The Swiss press has spoken harshly of marching orders, suppression and worst fears in reaction to Wednesday's announced bank secrecy deal with the United States, criticising that crucial
Some of the largest US multinationals resort to ingeniousthough legalpractices to pay virtually no tax on their non-US profits, much to the growing chagrin of governments and civil society. ET outlines the five methods they deploy to avoid taxes One
Mobilising domestic resources through strong tax regimes and proper reallocation of funds are critical if some of the world's poorest countries are to meet the United Nations Millennium Development Goals, says a report released today (29 May). As the
Biron, 28 May 2013 Washington Over the past three decades, Africa has functioned as a "net creditor" to the rest of the world, the result of a cumulative outflow of nearly a trillion and a half dollars from the continent...Yet according to the new
If you go to the definition of what is a nonresident tax, it is a return that comes to a state of which you are not a natural resident of.
Silicon Valley's well-known vanity and contempt for government are amply displayed in Apple's tax figures. Apple, a consumer products company that sells beautifully designed gadgets, pays very little tax anywhere in the world, including the United
CEO Tim Cook was summoned to Congress last week to face outraged legislators over his company's failure to pay corporate income taxes to any national government on more than $74 billion in overseas earnings. This is a perfect example of a situation
Tax avoidance by U.S. firms legal, unfair Posted May 28, 2013 at 12:01 a.m. Apple is best known for the brilliance of its technological wizardry. But when Senate investigators finish examining its financial practices, the electronics giant may be
Apple Chief Executive Officer Tim Cook provided a figure to Congress last Tuesday that U.S. companies rarely disclose: its federal tax bill. Apple paid $6 billion last year a rate of 30.5 percent. "That's more than $16 million each day," Cook said. "
Corporations like Google and Apple that keep foreign income overseas to avoid high U.S. taxes are much in the news lately. Apple has been called in to testify before Congress on the $100 billion it has banked in Ireland. Google, which employees