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.
The EU and OECD have jointly developed rules to prevent companies from exploiting differences in national legislation for financial gain. According to a new thesis at Uppsala University, however, companies
Main takeaways: On 23 May 2024, the Minister of Finance submitted a draft law No. 8388 with the Luxembourg Parliament (the “Draft Law”) proposing several new tax measures, mainly: Amendment and
Attempts to stop some of the world’s biggest companies shifting profits across borders to avoid paying tax are “in peril” following Donald Trump’s definitive win in the US presidential election,
The high net worth (HNW) offshore investment market, catering to affluent individuals with substantial financial assets, has witnessed steady growth over recent years. Valued at approximately USD 15.19