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Apple

EU regulators want more info on Apple’s Irish tax deal

EU regulators want more info on Apple’s Irish tax deal

BRUSSELS/DUBLIN – European Union antitrust regulators have asked Ireland to provide further details on the country’s tax deal with Apple before deciding whether this constitutes illegal state aid to the iPhone maker. The European Commission, which has been investigating the Apple deal for more than two years, said on Wednesday that Irish authorities had not responded fully […]

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Apple, McDonald’s, Google and IKEA to face EU lawmakers over tax deals

Apple, McDonald’s, Google and IKEA to face EU lawmakers over tax deals

BRUSSELS – Apple, Google, McDonald’s and IKEA will be asked about their European tax deals on Wednesday as EU lawmakers ratchet up the pressure on multinationals to pay more tax on their profits locally. The hearing, organised by the European Parliament’s tax committee, follows a similar event in November last year when Anheuser-Busch InBev, HSBC, Google and […]

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EU antitrust chief rejects U.S. criticism of Apple, Starbucks tax cases

EU antitrust chief rejects U.S. criticism of Apple, Starbucks tax cases

BRUSSELS (Reuters) – Europe’s antitrust chief signalled on Monday her determination to go after Apple, Starbucks and McDonald’s over their tax deals in the bloc, dismissing U.S. criticism of her crackdown on the companies. European Competition Commissioner Margrethe Vestager’s comments come three days after senior U.S. Treasury official Robert Stack met her team in the […]

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Top U.S. official to meet EU antitrust team on tax

Top U.S. official to meet EU antitrust team on tax

BRUSSELS – A senior U.S. Treasury official will meet European Union antitrust officials investigating tax deals involving Apple and Amazon on Friday, the latest lobbying effort against a crackdown on U.S. firms. The meeting comes a week after Apple Chief Executive Tim Cook met European Competition Commissioner Margrethe Vestager, who is expected to rule on […]

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Dutch say will lead EU fight against multinationals’ tax avoidance

Dutch say will lead EU fight against multinationals’ tax avoidance

BRUSSELS (Reuters) – The Netherlands will be at the forefront of efforts to combat multinationals’ tax avoidance, its finance minister said on Friday, amid a dispute with the European Commission over his country’s tax treatment of Starbucks. The Commission, the EU’s executive arm, will propose a new set of binding rules by the end of […]

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Apple to pay Italy 318 million euros, sign tax deal

Apple to pay Italy 318 million euros, sign tax deal

(Reuters) – Apple Inc will pay Italy’s tax office 318 million euros ($348 million) to settle a dispute over allegations it failed to pay taxes for six years, a source with direct knowledge of the matter said on Wednesday. The maker of iPhones and iPads will also sign an accord next year on how to […]

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EU set to investigate McDonald’s tax deal with Luxembourg

EU set to investigate McDonald’s tax deal with Luxembourg

BRUSSELS (Reuters) – EU antitrust regulators are likely to widen their crackdown on corporate tax dodging with an investigation into a deal between fast-food chain McDonald’s and Luxembourg, two people with knowledge of the matter said on Wednesday. Deals helping multinationals slash their tax bills to minimal amounts of as little as 1 percent or below […]

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Ireland still sees EU tax decision on Apple by year-end

Ireland still sees EU tax decision on Apple by year-end

BRUSSELS – Ireland continues to expect European Union regulators to issue a decision on the country’s tax deal with Apple before the end of the year, the country’s finance minister said on Monday, a move which could force the iPhone maker to pay substantial back taxes. The European Commission has already ordered Dutch authorities to recover […]

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China says Apple unit underpaid $71 million in tax in 2013

China says Apple unit underpaid $71 million in tax in 2013

SHANGHAI (Reuters) – A China unit of U.S. tech giant Apple Inc underpaid taxes in 2013 by 452 million yuan ($71 million), according to a report from the country’s finance ministry, which comes as China toughens its stance on tax payments by foreign firms. The Ministry of Finance (MOF) report, dated Sept. 9 but cited […]

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Apple says EU probe of Irish tax policy could be “material”

Apple says EU probe of Irish tax policy could be “material”

(Reuters) – Apple Inc said the European Commission’s investigation into Ireland’s tax treatment of multinationals could have a “material” impact if it was determined that Dublin’s tax policies represented unfair state aid. Apple said that if the EU’s investigations concluded against Ireland, the company could be required to pay past taxes for up to 10 […]

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Apple Warns EC Probe Could Mean Back Tax Payments

Apple Warns EC Probe Could Mean Back Tax Payments

* Apple warns European Commission investigation could result in back tax payments. By Daisuke Wakabayashi – The Wall Street Journal. The company said it may need to pay a ‘material’ amount if the Commission rules against Ireland. Link to The Wall Street Journal, on.wsj.com/1GKs4ix * Marco Rubio would be another Obama on tax lawmaking. By Jeremy […]

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Bank Has No Code Sec. 199 Receipts From Cell Phone App That Gives Customers Account Access

Bank Has No Code Sec. 199 Receipts From Cell Phone App That Gives Customers Account Access

Legal Advice Issued by Associate Chief Counsel 2014-008 In Legal Advice by Associate Chief Counsel, IRS has found that a bank doesn’t derive domestic production gross receipts, for purposes of the domestic production activities deduction, from the disposition of computer software when it allows customers to download a free mobile phone app that gives customers […]

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10 things Apple won’t tell you

10 things Apple won’t tell you

10 things Apple won’t tell you, as reported in the WS Journal. 1. We’re running out of ideas There’s good reason why the launch of the iPhone 6 is generating so much hoopla among investors. Apple AAPL, +0.23% gets more than half its revenue from the iPhone. Put another way, Apple CEO Tim Cook is […]

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Irish Tax Changes May Cost U.S. Groups Billions

Irish Tax Changes May Cost U.S. Groups Billions

LONDON (Reuters) – Ireland’s plan to close a “Double Irish” tax loophole could cost U.S. companies including Apple and Google billions of dollars, although a new break and pressure to tackle tax avoidance elsewhere means they are unlikely to decamp. Analysts and tax advisers predict that corporations which need access to the EU’s 500 million […]

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Samsung: Nice Stock if You Can Get It – World’s Leading Chip Maker Is Highly Profitable

Samsung: Nice Stock if You Can Get It – World’s Leading Chip Maker Is Highly Profitable

Samsung: Nice Stock if You Can Get It – World’s Leading Chip Maker Is Highly Profitable, as reported in the WS Journal. A cash-rich Samsung Electronics 005930.SE -2.33% is one of the most attractive technology stocks in the world. The South Korean maker of cellphones, tablets, memory chips, display screens and televisions is out of […]

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Ireland to close Apple’s tax loophole, but leave bigger one open

Ireland to close Apple’s tax loophole, but leave bigger one open

Ireland said it planned to shut down a much-criticised tax arrangement used by Apple Inc to shelter over $40 billion from taxation – but will leave open an even bigger loophole that means the computer giant is unlikely to pay any more tax. A U.S. Senate committee investigation revealed in May that Apple had cut […]

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Fixes for some of the complaints with Apple iOS 7

Fixes for some of the complaints with Apple iOS 7

As reported in the news of the LA Times, Apple’s radically redesigned iOS 7 has been available for more than two weeks now, and users are upgrading to it at a record clip. Reports of satisfaction are generally high, but that doesn’t mean there haven’t been hiccups. In fact, a handful of problems have prompted […]

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Five free music apps to help you find the songs you like

Five free music apps to help you find the songs you like

As reported in the LA Times, Five free music apps to help you find the songs you like, for the times they are a-changin, . . . Once upon a time, I listened to the radio. I even bought LPs, cassette tapes and CDs. But gone are those days. Now, I listen to streaming music, […]

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Department of Justice Proposes Remedy to Address Apple’s Price Fixing

Department of Justice Proposes Remedy to Address Apple’s Price Fixing

As reported in the DOJ Press Release, “Remedy Would Require Apple to Terminate Agreements with Five Publishers; Provide for a Court-Appointed External Monitor; Allow Competitors to Provide Links from Their E-Book Apps to Their E-Bookstores,” the Department of Justice and 33 State Attorneys General submitted to the court a proposed remedy to address Apple Inc.’s […]

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U.S. – IRS pursuing ‘stateless income’ tax enforcement official states

U.S. – IRS pursuing ‘stateless income’ tax enforcement official states

As reported in Reuters, the U.S. Internal Revenue Service is pursuing tax enforcement cases against companies over the issue of “stateless income,” a senior agency official said on Wednesday in a reference to corporate profits that are not taxed by any country.  Erik Corwin, an IRS deputy chief counsel, said there were international tax disputes […]

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Meet Paul Raymond

Meet Paul Raymond

Mr. Raymond is a sought after speaker in tax controversy law by many attorney, accountant, and business groups and at the request of the Internal Revenue Service, has presented programs at the IRS Nationwide Tax Forum, attended by tax professionals throughout the United States.

Additionally, he continues to be an active member in the Section of Taxation, American Bar Association, where he was the Past Chair of the Employment Taxes Committee.

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