EU competition chief to investigate multinationals’ tax deals
The European Union's competition chief, Margrethe Vestager, has announced that the bloc's regulators will likely launch investigations into tax deals between EU countries and multinationals.
This follows a review of the arrangements made in the previous decade. Vestager, who has previously order... Read more
LockBit claims ransomware attack on Italian tax authority
Ransomware group LockBit claims to hold 78GB of private information on Italian companies. According to the cybercriminals, the data was stolen in a cyberattack on the Italian tax authority.
The IT partner of the tax authority investigated the claim. On Monday 25 July, a spokesperson told Bloombe... Read more
NXP seeks tax breaks for expansion in the United States
Dutch chip manufacturer NXP is negotiating tax breaks with Texan authorities in exchange for expanding its production capacity in Austin.
According to Dutch media, the chip manufacturer wants to further expand its existing factories in Austin, the capital of Texas, US. NXP wants to invest roughl... Read more
‘Tax rules for expats harm Dutch tech sector’
Reducing tax benefits for expats has a detrimental effect on the tech sector in the Netherlands. This is what employers' association VNO-NCW writes on behalf of large tech organizations in an urgent letter to the Dutch government.
Roughly 30 Dutch tech companies, including ASML, Ayden, NXP, CM.c... Read more
Ireland wants a maximum of 15 percent corporate tax rate
The Irish Finance Minister wants a clear indication from the U.S. Congress before agreeing.
Ireland wants a proposed global minimum tax rate of 15 percent on corporate profits to be a ceiling, not a floor. Senior Irish officials told POLITICO that the Organization for Economic Cooperation and De... Read more
France wants to tax tech giants regardless of international agreement
France will tax large digital companies this year. Regardless of any progress made towards an international agreement, the French Finance Minister states.
Nearly 140 countries of the Organisation for Economic Cooperation and Development (OECD) are negotiating a significant revision of the tax r... Read more
John McAfee flees from the American government
John McAfee informs us that he is currently on the run from the American government. The billionaire tells in a video on Twitter that he has been charged with unspecified tax crimes. In a series of other messages on Twitter, he reports that he has not paid taxes for some time.
McAfee says he hasn't ... Read more
After the United Kingdom, France also introduces tax measures for tech giants.
After the United Kingdom, France is now also introducing a digital tax measure aimed at large American tech companies. This was announced today by the French Finance Minister at a press conference. Bruno le Maire stated that the measure would apply from 1 January.
It is the hope of the French govern... Read more
The British want to tax the turnover of tech companies
The British Government today announced its intention to levy a tax on digital services. The decision could be good for a tax of hundreds of millions of dollars a year. Tech companies will soon have to pay up to 2% tax on certain income they generate within the United Kingdom.
That is what the BBC is... Read more
Apple has repaid full 14 billion euros to Ireland
In August 2016, the European Commission decided that Apple had received unjustified tax benefits from the Irish government. For that reason, the Irish government had to claim 14 billion euros in overdue taxes from the American technology giant. Both Apple and the Irish Government are appealing again... Read more