(AP)—A British parliamentary committee on Friday accused the accounting firm PwC of promoting tax avoidance on an industrial scale and urged the government to step in and do more to regulate the tax industry.
The revelations that global and multinational businesses have been brokering "secret" tax deals with Luxembourg to avoid paying taxes in their home countries, may be the first time an entire country has been implicated in ...
French authorities have decided to make a tax claim of 1 billion euros against Google following a probe into the tax strategies by the US Internet giant, Le Point magazine reported Tuesday.
The study, published in the journal Third World Quarterly, highlights the fact that many of the companies actively engaged in tax avoidance also like to assert their credentials as responsible corporate citizens.
Internet giant Amazon on Wednesday came under fresh fire over its British tax status after official figures revealed it only paid £2.4 million ($3.6 million, 2.8 million euros)on UK sales of £4.2 billion last year.
The level of tax paid by some of the multinational companies operating in the UK and the schemes used to reduce the tax bills of wealthy individuals are the subject of much public debate. Researchers from the Oxford University ...
France's Budget Minister Jerome Cahuzac said on Tuesday Google would never win a court case contesting a huge tax bill claimed by French authorities.
Multinational corporations that choose not to disclose geographic earnings are more likely to engage in income-shifting activities, says a study from UofT's Rotman School.
Apple has more than $81 billion parked overseas. Microsoft has $54 billion, Google $43 billion and Cisco $42 billion.