“On Thursday, a U.K. parliamentary committee said that Google Inc. has aggressively avoided paying corporate taxes in Britain, and criticized the U.K. tax authority for failing to challenge the Internet giant about its tax arrangement. Late last month, U.S. lawmakers blasted Apple for failing to pay U.S. taxes on billions of dollars in overseas income. Google said that it complies with all U.K. tax rules, and Apple’s CEO Tim Cook told senators that his company pays all the taxes it owes. The problem for companies like Apple is the U.S.’s tax system. Cook made it plain that the 35% corporate rate is too high to bring some profits back from overseas.”
Related posts:
French mother jailed for sending son to school in ‘I am a bomb’ shirt
US expats flee taxman's reach by giving up citizenship
Swiss bank UBS pays $50 million to settle SEC charges from 2007 financial meltdown
Obamacare website security called 'outrageous' by John McAfee
India gold smuggling at all-time high, despite Nepali kingpin's death
Chinese Binge on Hong Kong Stocks Rescues City's Flagging Bonds
3D Printer Can Now Turn Molten Gold To Jewelry
How a 1983 US-NATO war game came close to provoking nuclear attack
Pre-election Bin Laden raid film will feature extra Obama footage
America has history when it comes to forcing down planes in defiance of international law
New bitcoin billing platform rolled out to marijuana dispensaries
Fracking ban halts first shale gas project in Spain
Raw sewage makes summer swimming hazardous in New York
Using WiFi to see through walls
Ben Bernanke as Easter Bunny: Why the Fed Can't Prevent the Coming Crash