- Location
Tax avoidance
"-
George Osborne Delivers Eighth Budget As Chancellor
Mar 21, 2016Chancellor of the Exchequer George Osborne delivered his eight Budget today, with some of the main points outlined as such: Business - The headline rate of corporation tax, which is currently at 20%, will fall to 17% by 2020 - ...
Tags: George Osborne, Budget, Chancellor
-
Covidien Has Purchased a Small California Medtech Company
Aug 26, 2014As it prepares for its $43 billion merger with Medtronic, Covidien has purchased a small California medtech company. The price was not disclosed. Privately held Reverse Medical Corp. (Irvine, CA) makes devices to manage acute stroke and ...
Tags: Covidien, Medtech Company, Health
-
Medtronic Isn't The Only Medtech Company Facing Criticism
Aug 18, 2014Medtronic isn’t the only medtech company facing criticism over potentially moving its headquarters overseas. Hospira is also taking flak—even though it is only rumored so far to be in talks with French company Danone for a ...
-
Obama Clearly Doesn't Like Medtronic's Plan to Move Its Headquarters to Ireland
Aug 14, 2014President Obama clearly doesn’t like Medtronic’s plan to move its headquarters to Ireland through the acquisition of Covidien. Medtronic’s $43 billion acquisition of Covidien would be the largest tax inversion deal yet. ...
Tags: Medtronic-Covidien, Health, Medicine
-
Medtronic Hires Former Senators to Defend Covidien Deal
Aug 11, 2014Medtronic officials apparently see the political blowback over their proposed $43 billion acquisition of Covidien as serious business. The company has paid $200,000 to lobbyists including former U.S. Sens. Trent Lott and John Breaux to ...
-
The US Has Blocked Proposals for Tough New Global Rules
Jul 18, 2013The US has blocked proposals for tough new global rules intended to reduce the tax avoidance policies of multinational companies, such as Apple, Amazon and Google. Instead, watered down proposals will be presented to the G20 summit this ...
Tags: LED, Computer Products
-
A String of Footballers and Other Celebrities Have Been Accused
Jun 24, 2013A string of footballers and other celebrities have been accused of using an extravagant data centre construction scheme in a bid to avoid tax. The data centres, on the Cobalt business park just outside Newcastle, are completely empty two ...
Tags: Computer Products, software
-
Starbucks Has Refused to Comment on Plans to Tackle Tax Avoidance Agreed by G8 Leaders
Jun 20, 2013Coffee giant Starbucks has refused to comment on plans to tackle tax avoidance agreed by G8 leaders in Northern Ireland yesterday (June 18). Many have found Starbucks' UK tax strategy hard to swallow A spokeswoman for the firm ...
Tags: Tax avoidance, Archbishop of York, Starbucks, G8 Summit
-
Vodafone Paid No UK Corporation Tax for a Second Year Running
Jun 8, 2013Mobile telecoms firm Vodafone paid no UK corporation tax for a second year running, despite its revenues exceeding £5bn in Britain. Vodafone, which owns and operates networks in over 30 countries, claimed that its investment in ...
Tags: Computer Products, Mobile telecoms
-
Amazon Is Opening a Central London Office
Jun 3, 2013US internet retailer Amazon is opening a central London office, bringing 1,600 jobs to the capital. Amazon will move several hundred existing employees from the company's current offices in Slough to the new 12-storey, 210,000 sq ft ...
Tags: UK, Amazon, Computer Products
-
Apple Is Not Going to Stand Still with Its Products Portfolio
May 30, 2013Apple CEO Tim Cook reassured investors yesterday that the company is not going to stand still with its products portfolio, and that it has been working on "some incredible plans" for a while. Speaking at the D11 Conference in California, ...
Tags: Apple, Computer Products, software
-
European Union Antitrust Regulators Are Collecting Information to Determine
May 29, 2013European Union antitrust regulators are collecting information to determine whether Apple's iPhone contract deals with various telecoms operators have been designed to shut out rival smartphone makers, such as Samsung, HTC and Nokia. ...
Tags: Apple, Smartphone, Antitrust Probe
-
Tim Cook Has Defended His Company Against Charges of Aggressive Tax Avoidance
May 24, 2013Apple CEO Tim Cook has defended his company against charges of aggressive tax avoidance in a hearing in front of a Congressional committee in the US Senate. In a report, the Senate Permanent Subcommittee on Investigations claimed that ...
Tags: Computer Products, Apple
-
US Senate Has Dragged Apple Into The Debate Over The US Tax Code
May 22, 2013The US Senate has dragged Apple, the world's most valuable company, into the debate over the US tax code, grilling CEO Tim Cook over allegations that its Irish subsidiaries help the company avoid billions in US taxes. Cook said the ...
-
Apple Has Set up a "Complex Web" of Offshore Entities to Avoid Paying Taxes
May 22, 2013Apple has set up three foreign subsidiaries that the company claims are not resident in any nation for taxing purposes, in an effort to avoid paying tens of billions of dollars in taxes to the U.S. and other countries, according to a new ...
Tags: Apple, Computer Products