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.

25 October 2024

EU: EU ‘crisis’ as small country vows to keep controversial golden passport scheme

Malta is at the centre of a brewing crisis with the European Union as it remains the last member state to operate the controversial “golden passport” scheme. This program allows foreigners

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2 February 2024

HEDGE FUNDS: 86% of Hedge Funds Give Staff Access to Gen AI Tools

High adoption rate: 86% of hedge fund managers surveyed now grant their staff access to various Gen AI tools to bolster their work, representing a widespread embrace of this transformative technology.

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14 August 2024

MAURITIUS: Mauritius Regulator Denies Offshore Fund Link, Rejects Hindenburg’s ‘Tax Haven’ Claim

The Financial Services Commission of Mauritius said on Tuesday that the offshore fund involved in the conflict of interest allegations made by Hindenburg Research is not based in Mauritius. The FSC

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7 February 2025

US: Wealth Tax on Megarich Would Invest in Washington State’s Future

Despite Governor Ferguson’s hemming and hawing, state lawmakers are advancing a wealth tax that could raise billions to fully fund public schools and avert a budget crisis.President and convicted

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