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Tag: tax
US criticises EU tax investigations into Apple, others
2016-08-25 09:30:00| Telecompaper Headlines
(Telecompaper) The Treasury has warned the European Union of possible repercussions if it attempts to claim back billions in tax from major US multinationals such as Apple. The Treasury said its officials have met with European Commission counterparts several times in recent months on the matter, and the US finance ministry has now issued a white paper outlining its position. The Commission has been investigating a number of advance tax rulings issued by EU member states that are suspected of giving an unfair advantage to multinationals. It is expected to issue a decision next month on Ireland's tax deal with Apple. The US Treasury said these tax payments could have an "outsized" impact on the companies, as well as US tax revenues, and also undermines US tax treaties and globally accepted practcies in transfer pricing. The Treasury said it would prefer to "the system of international tax cooperation" and work with the EU on a more mutually accepted solution.
Tags: others
tax
apple
investigations
Tax warning over unlocked pensions
2016-08-25 00:59:07| BBC News | Business | UK Edition
Some people are being hit with an unexpected tax bill after unlocking their money from a pension pot, according to Citizens Advice.
Tags: tax
warning
pensions
unlocked
Massachusetts to Tax Ride-Hailing Apps Like Uber, Lyft
2016-08-22 23:04:30| PC Magazine Software Product Guide
Uber and Lyft must pony up 20 cents per ride, a fee that cannot be passed along to drivers or passengers.
Tags: tax
massachusetts
apps
uber
UK sugar tax consultation begins
2016-08-22 19:26:00| Daily beverage news and comment - from just-drinks.com
The UK government has opened the consultation period for its proposed soft drinks industry levy.
Tags: tax
begins
consultation
sugar
Coca-Cola Beverages Africa warns SA sugar tax may hurt merger terms
2016-08-19 13:19:00| Daily beverage news and comment - from just-drinks.com
Coca-Cola Beverages Africa has expressed concerns over meeting merger conditions, should South Africa implement its current sugar tax plan.
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