IRELAND: Apple Must Pay $14.4 Billion to Ireland in Crackdown on ‘Sweetheart Deals’

Apple has been ordered to pay €13 billion ($14.4 billion) of back taxes to the Irish state, in a court ruling that ended a decade-long fight between Europe and the big tech company.

In a judgment handed down on Tuesday, the European Court of Justice (ECJ) agreed with a European Commission ruling in 2016, which found that for a period of more than 20 years Apple enjoyed illegal tax advantages that constituted state aid from the Irish government.

4 October 2024

CARIBBEAN: Caribbean Countries establish Interim Regulatory Commission for Citizenship by Investment Programmes

The Caribbean countries that offer Citizenship by Investment Programmes (CIP/CBI) have taken a practical step towards the establishment of a regional regulator by appointing an Interim Regulatory Commission

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14 May 2024

IRELAND: EU warns about Ireland’s dependence on corporate taxes

The European Commission on Thursday warned that the sustainability of Ireland’s corporate tax revenue was one of the main risks to the country’s fiscal outlook. In 2017, Ireland collected a record

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13 March 2024

NETHERLANDS: Bangladesh-Netherlands sign deal to amend double tax avoidance agreement

Bangladesh on Tuesday signed a fresh agreement with the Netherlands to amend the existing double taxation avoidance and prevention of tax evasion agreement by making changes in some articles to widen

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19 April 2024

FINANCIAL CRIME: Hackers are threatening to publish a huge stolen sanctions and financial crimes watchlist

A financially motivated criminal hacking group says it has stolen a confidential database containing millions of records that companies use for screening potential customers for links to sanctions and

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