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EC opens investigation into Apple's tax affairs

2014-06-11 15:19:00| Telecompaper Headlines

(Telecompaper) The EC has opened an investigation to examine whether decisions by tax authorities in Ireland with regard to the corporate income tax to be paid by Apple comply with the EU rules on state aid. The EC has been investigating certain tax practices in several Member States following media reports alleging that some companies have received significant tax reductions by way of 'tax rulings' issued by national tax authorities. The investigation will examine the individual rulings issued by the Irish tax authorities on the calculation of the taxable profit allocated to the Irish branches of Apple Sales International and of Apple Operations Europe.

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EU starts in-depth probe into Apple's tax affairs

2014-06-11 14:11:08| InfoWorld: Top News

The European Commission has opened an in-depth investigation into Apple's corporate tax affairs on suspicion that the company did not pay its fair share of income taxes. "It cannot be accepted that large companies do not pay their fair share in taxes," Joaquín Almunia, Commission Vice President in charge of competition policy, said Wednesday. Under the EU's state aid rules, national authorities cannot take measures allowing certain companies to pay less tax than they should if the tax rules of the EU member state were applied in a fair and non-discriminatory way, he said.

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Update: EU starts in-depth probe into Apple's tax affairs

2014-06-11 14:11:08| InfoWorld: Top News

The European Commission has opened an in-depth investigation into Apple's corporate tax affairs on suspicion that the company did not pay its fair share of income taxes. "It cannot be accepted that large companies do not pay their fair share in taxes," Joaquín Almunia, Commission Vice President in charge of competition policy, said Wednesday. Under the EU's state aid rules, national authorities cannot take measures allowing certain companies to pay less tax than they should if the tax rules of the EU member state were applied in a fair and non-discriminatory way, he said.

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EU to probe Apple's tax affairs

2014-06-11 12:25:56| BBC News | Business | UK Edition

The European Commission is to investigate Apple's, Starbucks' and Fiat's tax arrangements with three EU countries.

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Boyd to get $88 million tax refund from Atlantic City for Borgata

2014-06-11 02:14:24| Trucking - Topix.net

The Borgata Hotel Casino & Spa will get a refund of more than $88 million under a settlement it reached with Atlantic City over how much the city's top casino should pay in property taxes.

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