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.

22 August 2024

US: Witnesses at IRS Hearing Call for Easing of Foreign-Trust Rules

Foreign retirement plans should be exempt, speakers say Awareness of rules called “minimal,” penalties too harsh US citizens who live and work abroad need more clarity from the IRS to prevent them

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16 August 2024

PANAMA: Panama to join international tax convention on Thursday – OECD

Panama will take a big step towards ending its status as an offshore tax haven on Thursday by signing a multilateral convention to share foreign taxpayer details with other governments, the OECD’s

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19 April 2024

ASIA: Singapore faces competition from Thailand and Malaysia as regional hub for multinationals

While Singapore still holds advantages in location, language proficiency, and financial services, rising costs are prompting Japanese and European companies to consider relocating specific functions,

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20 April 2024

HONG KONG: Hong Kong gives initial approval to first bitcoin, ether spot ETFs, say funds

Hong Kong conditionally approved its first spot bitcoin and ether exchange traded funds (ETFs) on Monday, money managers said, paving the way for the city to become Asia’s first to accept the

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