Europe’s 20 biggest banks face scrutiny after a report examined their country-by-country reports and found many are still posting profits in tax havens despite global efforts towards change.
Amazon has made waves with a $1.5 billion victory over the US tax authorities in a case concerning transactions from 2005 and 2006, which involved a Luxembourg unit.
The EU could sue the US over its planned border adjustment tax, as it would likely violate World Trade Organisation rules, Germany’s economy minister Brigitte Zypries said on Friday.
The LuxLeaks whistleblowers, Antoine Deltour and Raphaël Halet, were convicted of exposing secret tax deals in a Luxembourg court yesterday. It is a major setback for tax transparency, the tax community says.
