October 17, 2021

Facebook, Coke could face tax hit after ruling against Medtronic

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By Lynnley Browning and Sony Kassam Bloomberg News From Accounting Today Last week, Medtronic Plc suffered a legal setback in its bid to avoid a $1.4 billion U.S. tax bill — a ruling that may have costly implications for other multinationals battling the Internal Revenue Service over the use of overseas payments to lower their […]

US: Ninth Circuit decision for IRS affects shifting of income to tax havens

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By Peter J Reilly From Forbes The Ninth Circuit is generating a lot of excitement this week.  Probably most exciting is its ruling that open carry is a constitutional right protected by the Second Amendment.  But this is a tax blog, so I get to write about Altera Corporation & Subsidiaries v IRS.  It is […]

Fb, Leprechauns and the Cayman pot of gold

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From Business True Breaking News As I attempted to kind out the way in which firms like Fb are utilizing Eire to decrease their tax payments, I used to be starting to assume that it concerned leprechauns. I imply it is sensible. Leprechauns have these hidden pots of gold. So when you’ve got a magic […]