4 Countries that Pay Less Tax Than the US
Thanks to the new Republican tax plan, tax rates in the US are set to decrease for many this year. But how do US tax rates compare to those of other countries?
Author: Robert
The UK Gets Tough on Big Tech’s Taxes
Following a series of controversies surrounding the amount of tax major tech companies like Amazon, Apple, eBay, Facebook, and Google pay, the UK has announced that it will be reviewing how these companies are taxed.
Paradise Papers Show High-Profile Tax Evasion
The Paradise Papers are a collection of documents leaked by the International Consortium of Investigative Journalists that sheds light on offshore tax structures. These documents follow on the heels of the Panama Papers.
Shakira Faced Investigation for Tax Evasion
Colombian singer Shakira recently handed over a staggering $25 million to settle a tax debt with the Spanish government. Shakira – whose full name is Shakira Isabel Mebarak Ripoll – has been embroiled in a tax dispute with the Spanish government since last year.
Apple to Take Advantage of the New Tax Code and Bring Overseas Cash Back to the U.S.
Apple has long sparked criticism for its deference of tax payments of foreign earnings, facing allegations of hoarding its cash overseas to dodge tax responsibilities. In total, the company is estimated to hold a staggering 94 percent of its total cash holdings of around $294 billion outside of the U.S.
Cryptocurrencies and Taxes: What You Need to Know
Jurisdictions around the world are increasingly making moves to tax gains made from cryptocurrency transactions – just like they would tax capital gains made from selling property at a profit or trading gold.
Italian Authorities Discover Sicilian Town Has a Record €42 Million in Unpaid Taxes
The small Sicilian town of Castelvetrano has recently set a new record for the biggest municipal debt in the country after an accounting review conducted by the country’s Interior Ministry found a staggering €42 million missing from municipal coffers.
US and UK Plan Crackdown on Bitcoin Amid Tax Evasion Fears
Bitcoin essentially had its coming out party in 2017. Once an obscure digital currency known only to techies, cryptocurrencies like Bitcoin are becoming increasingly mainstream.
EU Launches Tax Avoidance Probe into Ikea
The European Union announced its plans to launch a tax avoidance probe into prominent furniture retailer Ikea late last year. The move is part of Brussel’s aggressive crackdown on corporate tax avoidance throughout Europe.
Jeremy Corbyn Takes Aim at Tax Avoidance in Speech at UN
At a UN speech in December, the leader of the UK Labour party called on governments across the world to tackle tax evasion.