November 26, 2022

Facebook, Coke could face tax hit after ruling against Medtronic

Pin It

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

Pin It

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

Pin It

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 […]