Facebook, Coke could face tax hit after ruling against Medtronic
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…
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US: Ninth Circuit decision for IRS affects shifting of income to tax havens
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…
Fb, Leprechauns and the Cayman pot of gold
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…