Apple has divulged its grounds for appealing against the European Commission’s (EC’s) controversial €13 billion ($14 billion) state aid tax demand, releasing a document detailing 14 pleas of law against the decision.
The proposed border adjustment tax has provoked the business world to take action to oppose it, but with US President Donald Trump’s offer to repeal 75% of existing regulations perhaps sweetening the deal, will businesses take the bait?
Businesses and citizens have crossed swords as the Swiss Corporate Tax Reform III (CTR III), which included numerous tax benefits for MNEs, was rejected by voters in a referendum held on February 12 2017.
US President Donald Trump’s threats to impose tariffs and duties on imports have dealt a blow to the security and longevity of the North American Free Trade Agreement (NAFTA). Pending renegotiations between the US, Canada and Mexico are becoming a cause for concern for companies.
With corporations meeting the demands of rapidly changing regulations, increased audits, and new tax technology functions, some are overwhelmed with how much tax is influencing their business strategy – leading to a number of outsourcing arrangements. Could General Electric (GE) and PwC’s recent agreement have ignited a new trend of outsourcing a business’s tax function?
Financial institutions may be subject to huge tax bills as a result of a global bank’s upcoming court case concerning dividend stripping and the pending decision of Germany’s states to reclaim revenues lost from similar tax practices.
