France has approved a digital services tax despite threats of retaliation by the US, which argues that it unfairly targets American tech giants. The 3% tax will be levied on sales generated in France by multinational firms like Google and Facebook. The French government has argued that such firms headquartered outside the country pay little […]
Apple has raised A$1.425 billion (just over $1 billion in US dollars) through the sale of Australian bonds on Friday. This was the second such bond sale Apple has held in Australia, with a sale from last summer raising about $1.642 billion — and setting a record for a non-financial sector bond sale in that […]
Apple has had to pay 452 million Chinese yuan ($71 million US) in back taxes in China, along with a 65 million yuan ($10 million) fine after an audit by the Ministry of Finance, which has recently been cracking down on taxation of US companies, showed the company understated its sales and over-reported its profit. […]
The Irish government is preparing to close a tax loophole that many technology companies are using to their advantage. The government has announced changes to tax law covering Ireland, which will prevent Google, Apple, and other large enterprises from abusing current tax rules in what is commonly known as a “Double Irish” tax arrangement. “Aggressive […]
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