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Study: Publix, WellCare, Tech Data pay a fraction of the state's corporate tax rate

2015-02-25 21:38:28| Grocery - Topix.net

A baker's dozen of the largest companies in Florida paid a lower corporate income tax rate in recent years than is called for in state law. The 13 profitable Fortune 500 corporations headquartered in Florida paid a 2.7 percent average corporate profits tax rate to state governments in the U.S. between 2011 and 2013, according to a study by Integrity Florida, a nonpartisan research institute.

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Nichols' Car Sales Tax Plan Moves to Senate Floor

2015-02-25 20:08:55| Auto Dealers - Topix.net

A state Senate committee voted in favor of a proposal to dedicate some of Texas' vehicle sales tax to improving roads Wednesday, but not before lawmakers expressed reservations that will likely reemerge when the measure reaches the floor next week. The Senate Transportation Committee voted 8-1 in favor of both Senate Bill 5 and Senate Joint Resolution 5 , which together would boost transportation funding by billions of dollars.

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HSBC bosses 'sorry' for tax dealings

2015-02-25 16:51:47| BBC News | Business | UK Edition

The two top HSBC bosses have apologised for "unacceptable" practices at its Swiss private bank helping clients to avoid tax.

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Unions, charity accuse McDonald's of avoiding 1 billion euros in tax

2015-02-25 14:09:49| IT Services - Topix.net

Labour unions and a charity accused fast food chain McDonald's of avoiding around 1 billion euros in tax between 2009 and 2013 by routing revenues through a Luxembourg unit and called on the European Commission to investigate. Corporate tax avoidance has become a hot political issue in Europe and the EU executive has opened investigations into tax deals that some countries have cut with multinationals, including deals between Luxembourg and carmaker Fiat and online retailer Amazon.com .

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Unions, charity accuse McDonald's of avoiding $1.1 billion in tax

2015-02-25 14:09:48| IT Services - Topix.net

Labor unions and a charity accused fast food chain McDonald's of avoiding around 1 billion euros in tax between 2009 and 2013 by routing revenues through a Luxembourg unit and called on the European Commission to investigate. Corporate tax avoidance has become a hot political issue in Europe and the EU executive has opened investigations into tax deals that some countries have cut with multinationals, including deals between Luxembourg and carmaker Fiat and online retailer Amazon.com .

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